Latin America and the Caribbean: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Latin America and the Caribbean

In 2023, the Latin American medicaments containing penicillin market increased by less than X% to $X, rising for the second consecutive year after five years of decline. In general, consumption continues to indicate a abrupt decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Medicaments Containing Penicillin Production in Latin America and the Caribbean

In value terms, medicaments containing penicillin production contracted modestly to $X in 2023 estimated in export price. In general, production saw a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports in Latin America and the Caribbean

In 2023, shipments abroad of medicaments containing penicillins or derivatives thereof decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, medicaments containing penicillin exports stood at $X in 2023. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

El Salvador was the major exporting country with an export of about X tons, which resulted at X% of total exports. Panama (X tons) took the second position in the ranking, distantly followed by Colombia (X tons) and Guatemala (X tons). All these countries together held approx. X% share of total exports. The following exporters - Ecuador (X tons) and Brazil (X tons) - each accounted for a X% share of total exports.

Exports from El Salvador increased at an average annual rate of X% from 2012 to 2023. At the same time, Colombia (X%), Guatemala (X%), Ecuador (X%), Brazil (X%) and Panama (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. El Salvador (X p.p.), Colombia (X p.p.) and Guatemala (X p.p.) significantly strengthened its position in terms of the total exports, while Panama saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Panama ($X), El Salvador ($X) and Ecuador ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. Colombia, Brazil and Guatemala lagged somewhat behind, together comprising a further X%.

Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, picking up by X% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per ton), while Guatemala ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by El Salvador (X%), while the other leaders experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports in Latin America and the Caribbean

In 2023, the amount of medicaments containing penicillins or derivatives thereof imported in Latin America and the Caribbean shrank notably to X tons, with a decrease of X% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports fell modestly to $X in 2023. Total imports indicated strong growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then dropped slightly in the following year.

Imports by Country

Brazil was the key importer of medicaments containing penicillins or derivatives thereof in Latin America and the Caribbean, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Colombia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Aruba (X%), Argentina (X%), Panama (X%) and Ecuador (X%). Nicaragua (X tons) held a relatively small share of total imports.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2023. At the same time, Panama (X%) and Aruba (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Colombia experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Argentina (X%) and Nicaragua (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Aruba (X p.p.), Panama (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Nicaragua (X p.p.), Ecuador (X p.p.) and Argentina (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Aruba ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, medicaments containing penicillin imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Aruba (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, with an increase of X% against the previous year. Import price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, medicaments containing penicillin import price increased by X% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform