United Kingdom: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in the UK

The UK medicaments containing penicillin market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded a buoyant expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Penicillin Production in the UK

In value terms, medicaments containing penicillin production expanded sharply to $X in 2021 estimated in export price. In general, production showed a prominent increase. The growth pace was the most rapid in 2018 with an increase of 215%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports from the UK

In 2021, overseas shipments of medicaments containing penicillins or derivatives thereof decreased by -20.3% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -36.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 83%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing penicillin exports shrank modestly to $X in 2021. Overall, exports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when exports increased by 115% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Libya (X tons), Algeria (X tons) and Turkey (X tons) were the main destinations of medicaments containing penicillin exports from the UK, together comprising 79% of total exports.

From 2012 to 2021, the biggest increases were recorded for Algeria (with a CAGR of +127.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Algeria ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from the UK, comprising 48% of total exports. The second position in the ranking was held by Morocco ($X), with a 15% share of total exports. It was followed by Tunisia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Algeria stood at +144.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+68.8% per year) and Tunisia (+55.0% per year).

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, jumping by 22% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2016 an increase of 137%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the average price for exports to Libya ($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 Morocco (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into the UK

After five years of decline, overseas purchases of medicaments containing penicillins or derivatives thereof increased by 121% to X tons in 2021. Overall, imports, however, faced a abrupt descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports surged to $X in 2021. In general, imports, however, continue to indicate a abrupt descent. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest medicaments containing penicillin supplier to the UK, accounting for a 75% share of total imports. Moreover, medicaments containing penicillin imports from France exceeded the figures recorded by the second-largest supplier, Norway (X tons), ninefold. Ireland (X tons) ranked third in terms of total imports with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +5,120.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (0.0% per year) and Ireland (-33.4% per year).

In value terms, France ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to the UK, comprising 84% of total imports. The second position in the ranking was taken by Ireland ($X), with a 10% share of total imports. It was followed by the United States, with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +4,084.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-23.0% per year) and the United States (-22.8% per year).

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, jumping by 84% against the previous year. Overall, the import price continues to indicate a strong expansion. The growth pace was the most rapid in 2018 an increase of 186% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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 Ireland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greece (+66.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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