U.S.: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the U.S.

The U.S. penicillins or streptomycins medicaments market expanded rapidly to $X in 2022, increasing by 6.9% against the previous year. Over the period under review, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +85.9% against 2015 indices. Penicillins or streptomycins medicaments consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the U.S.

In value terms, penicillins or streptomycins medicaments production rose modestly to $X in 2022. Overall, production saw a tangible increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 53% against the previous year. Penicillins or streptomycins medicaments production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from the U.S.

Penicillins or streptomycins medicaments exports from the United States stood at X tons in 2022, surging by 7.8% compared with 2021 figures. In general, exports, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 90% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports rose markedly to $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2016 when exports increased by 88%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Germany (X tons) and Saudi Arabia (X tons) were the main destinations of penicillins or streptomycins medicaments exports from the United States, together comprising 64% of total exports. China, Australia, Mexico, Belgium, Taiwan (Chinese), Japan, Sweden and South Korea lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +45.5%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from the United States, comprising 29% of total exports. The second position in the ranking was taken by Canada ($X), with a 12% share of total exports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+7.6% per year) and China (+47.6% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 94% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+10.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into the U.S.

In 2022, overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof increased by 30% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports stood at $X in 2022. In general, imports, however, showed a slight descent. The pace of growth appeared the most rapid in 2016 when imports increased by 17% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Italy (X tons) and Jordan (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to the United States, together comprising 54% of total imports. Austria, Canada, Spain, China, Slovenia and the UK lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +58.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to the United States were India ($X), Italy ($X) and Austria ($X), together comprising 55% of total imports. Jordan, China, Spain, Canada, Slovenia and the UK lagged somewhat behind, together comprising a further 25%.

Among the main suppliers, China, with a CAGR of +46.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, which is down by -13.3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 19%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for Jordan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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