Global Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size

In 2021, the global medicaments containing penicillin market increased by 6.8% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the global market remained at a lower figure.

Medicaments Containing Penicillin Production

In value terms, medicaments containing penicillin production rose markedly to $X in 2021 estimated in export price. In general, production continues to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of 133%. As a result, production attained the peak level of $X. From 2019 to 2021, global production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof increased by 16% to X tons, rising for the second year in a row after four years of decline. Overall, exports, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2014 when exports increased by 28% against the previous year. Over the period under review, the global exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, the UK (X tons), Saudi Arabia (X tons) and Jordan (X tons) was the key exporter of medicaments containing penicillins or derivatives thereof in the world, committing 51% of total export. It was distantly followed by China (X tons), South Africa (X tons), El Salvador (X tons) and Spain (X tons), together mixing up a 27% share of total exports. The United States (X tons), India (X tons) and Italy (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for El Salvador (with a CAGR of +31.7%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing penicillin supplying countries worldwide were the UK ($X), China ($X) and Spain ($X), with a combined 46% share of global exports. Jordan, Saudi Arabia, El Salvador, Italy, the United States, India and South Africa lagged somewhat behind, together comprising a further 29%.

El Salvador, with a CAGR of +63.8%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, increasing by 1.9% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing penicillin export price decreased by -14.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 19%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by El Salvador (+24.3%), while the other global leaders experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports

Global medicaments containing penicillin imports contracted modestly to X tons in 2021, declining by -4.8% compared with the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Global imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, medicaments containing penicillin imports reduced to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year. Over the period under review, global imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Sudan (X tons) and Indonesia (X tons) represented roughly 34% of total imports in 2021. Saudi Arabia (X tons) ranks next in terms of the total imports with a 9% share, followed by Turkey (8.8%) and Algeria (5.7%). The United Arab Emirates (X tons), Austria (X tons), Thailand (X tons), Oman (X tons), Nigeria (X tons), Afghanistan (X tons), the Philippines (X tons) and the United States (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Algeria (with a CAGR of +66.8%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Sudan ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof worldwide, comprising 22% of global imports. The second position in the ranking was taken by Austria ($X), with an 11% share of global imports. It was followed by Algeria, with an 8.4% share.

In Sudan, medicaments containing penicillin imports plunged by an average annual rate of -3.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Austria (+4.5% per year) and Algeria (+76.5% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, growing by 2.8% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 19% against the previous year. Global import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+17.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :