U.S.: Antibiotic Market 2024

Antibiotic Market Size in the U.S.

In 2021, the U.S. antibiotic market decreased by -16.3% to $X, falling for the third consecutive year after three years of growth. Overall, consumption showed a mild downturn. Antibiotic consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Antibiotic Production in the U.S.

In value terms, antibiotic production dropped notably to $X in 2021. Over the period under review, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by 136%. Antibiotic production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Antibiotic Exports

Exports from the U.S.

In 2021, exports of antibiotics from the United States declined dramatically to X tons, with a decrease of -19.5% on 2020. In general, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2020 when exports increased by 23%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, antibiotic exports contracted slightly to $X in 2021. Over the period under review, exports saw a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for antibiotic exports from the United States, accounting for a 60% share of total exports. Moreover, antibiotic exports to the UK exceeded the volume sent to the second major destination, India (X tons), fourfold. The third position in this ranking was held by Panama (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-2.9% per year) and Panama (+20.6% per year).

In value terms, the UK ($X), Belgium ($X) and Panama ($X) constituted the largest markets for antibiotic exported from the United States worldwide, together comprising 46% of total exports.

Panama, with a CAGR of +21.6%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average antibiotic export price amounted to $X per ton, increasing by 22% against the previous year. In general, the export price, however, saw a perceptible decrease. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into the U.S.

In 2021, purchases abroad of antibiotics decreased by -3.9% to X tons, falling for the second year in a row after two years of growth. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2015 when imports increased by 276%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, antibiotic imports expanded notably to $X in 2021. Overall, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 20%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of antibiotic to the United States, with a 58% share of total imports. Moreover, antibiotic imports from China exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), fourfold. Mexico (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (+16.7% per year) and Mexico (-10.3% per year).

In value terms, Italy ($X), China ($X) and India ($X) constituted the largest antibiotic suppliers to the United States, with a combined 56% share of total imports. These countries were followed by Austria, Bulgaria, Croatia and Mexico, which together accounted for a further 11%.

Bulgaria, with a CAGR of +7.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average antibiotic import price amounted to $X per ton, rising by 9.4% against the previous year. Over the period under review, the import price saw buoyant growth. The growth pace was the most rapid in 2017 an increase of 90% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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