United Kingdom: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the UK

The UK penicillins or streptomycins medicaments market skyrocketed to $X in 2022, with an increase of 17% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.1% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in the UK

In value terms, penicillins or streptomycins medicaments production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by 2.6%. Penicillins or streptomycins medicaments production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from the UK

For the seventh consecutive year, the UK recorded decline in overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof, which decreased by -9.8% to X tons in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 1.4%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports reached $X in 2022. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 7.4% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ghana (X tons), France (X tons) and Saudi Arabia (X tons) were the main destinations of penicillins or streptomycins medicaments exports from the UK, together comprising 25% of total exports. Egypt, Turkey, Vietnam, Russia, Ireland, Brazil, Israel, Kenya, Ukraine and New Zealand lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +7.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Vietnam ($X) and Egypt ($X) were the largest markets for penicillins or streptomycins medicaments exported from the UK worldwide, with a combined 41% share of total exports.

Vietnam, with a CAGR of +21.3%, recorded the highest growth rate of the value of exports, in terms of 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 2022, the average penicillins or streptomycins medicaments export price amounted to $X per ton, with an increase of 14% against the previous year. In general, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 24%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Ghana ($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 Ireland (+15.7%), 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 UK

Penicillins or streptomycins medicaments imports into the UK skyrocketed to X tons in 2022, increasing by 95% on 2021 figures. In general, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports surged to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to the UK, with a combined 65% share of total imports. Ireland, Portugal, France, Spain and Germany lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +21.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to the UK were Italy ($X), India ($X) and Spain ($X), with a combined 47% share of total imports.

India, with a CAGR of +13.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, with a decrease of -30.7% against the previous year. Over the period under review, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2018 an increase of 22%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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 Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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