Medicaments Containing Penicillin Market

The global market for medicaments containing penicillin is projected to see an increase in both volume and value over the period from 2022 to 2030. Driven by rising demand worldwide, the market is expected to experience a slight uptick in performance, with a forecasted CAGR of +0.7% for volume and +2.8% for value. In 2022, global consumption and production of medicaments containing penicillin experienced a decline, with consumption at 203K tons and production at 201K tons, respectively. China emerged as the largest consumer and producer, followed by the United States and India. The market saw fluctuations in import and export volumes and prices, with countries like South Africa and the UK showing significant growth in exports. Overall, the global market for medicaments containing penicillin is expected to see moderate growth over the next decade.

Market Forecast

Driven by rising demand for medicaments containing penicillin worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.7% for the period from 2022 to 2030, which is projected to bring the market volume to 215K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market value to $22.5B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Medicaments Containing Penicillins Or Derivatives Thereof

In 2022, global medicaments containing penicillin consumption fell to 203K tons, which is down by -2.6% on the previous year's figure. In general, consumption recorded a abrupt curtailment. As a result, consumption reached the peak volume of 438K tons. From 2014 to 2022, the growth of the global consumption failed to regain momentum.

The global medicaments containing penicillin market revenue reduced slightly to $18B in 2022, waning by -2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a pronounced decrease. As a result, consumption attained the peak level of $37.7B. From 2014 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of medicaments containing penicillin consumption was China (53K tons), accounting for 26% of total volume. Moreover, medicaments containing penicillin consumption in China exceeded the figures recorded by the second-largest consumer, the United States (23K tons), twofold. The third position in this ranking was held by India (22K tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: the United States (-0.3% per year) and India (-1.1% per year).

In value terms, China ($5.7B), Japan ($3.5B) and the United States ($1.4B) constituted the countries with the highest levels of market value in 2022, together accounting for 59% of the global market.

Among the main consuming countries, China, with a CAGR of +1.4%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced mixed trends in the market figures.

The countries with the highest levels of medicaments containing penicillin per capita consumption in 2022 were France (72 kg per 1000 persons), Japan (71 kg per 1000 persons) and Italy (69 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by China (with a CAGR of -0.8%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.

Production

World Production of Medicaments Containing Penicillins Or Derivatives Thereof

In 2022, global production of medicaments containing penicillins or derivatives thereof declined modestly to 201K tons, reducing by -2.7% against the previous year's figure. Overall, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 29%. As a result, production attained the peak volume of 438K tons. From 2014 to 2022, global production growth failed to regain momentum.

In value terms, medicaments containing penicillin production contracted modestly to $18B in 2022 estimated in export price. Over the period under review, production showed a pronounced setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by 29% against the previous year. As a result, production reached the peak level of $35.9B. From 2014 to 2022, global production growth remained at a lower figure.

Production By Country

China (53K tons) remains the largest medicaments containing penicillin producing country worldwide, accounting for 26% of total volume. Moreover, medicaments containing penicillin production in China exceeded the figures recorded by the second-largest producer, the United States (22K tons), twofold. The third position in this ranking was held by India (22K tons), with an 11% share.

In China, medicaments containing penicillin production remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-0.4% per year) and India (-1.5% per year).

Imports

World Imports of Medicaments Containing Penicillins Or Derivatives Thereof

In 2022, global imports of medicaments containing penicillins or derivatives thereof skyrocketed to 6.2K tons, rising by 21% against the year before. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 28%. As a result, imports reached the peak of 10K tons. From 2016 to 2022, the growth of global imports remained at a lower figure.

In value terms, medicaments containing penicillin imports amounted to $400M in 2022. Overall, imports, however, showed a mild contraction. The pace of growth appeared the most rapid in 2015 with an increase of 17%. As a result, imports attained the peak of $622M. From 2016 to 2022, the growth of global imports remained at a somewhat lower figure.

Imports By Country

Indonesia (1.1K tons) and Saudi Arabia (1.1K tons) represented roughly 35% of total imports in 2022. The United States (419 tons) ranks next in terms of the total imports with a 6.8% share, followed by Libya (5.9%) and Turkey (5.4%). Austria (272 tons), Algeria (271 tons), the United Arab Emirates (239 tons), Nigeria (179 tons), Thailand (157 tons), Oman (152 tons), Sudan (147 tons) and Brazil (124 tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +51.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing penicillin importing markets worldwide were Saudi Arabia ($51M), Austria ($47M) and Algeria ($39M), with a combined 34% share of global imports.

Algeria, with a CAGR of +63.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average medicaments containing penicillin import price amounted to $64,469 per ton, dropping by -12.3% against the previous year. In general, the import price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $89,950 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($172,310 per ton), while Indonesia ($4,482 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+14.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Medicaments Containing Penicillins Or Derivatives Thereof

In 2022, overseas shipments of medicaments containing penicillins or derivatives thereof increased by 24% to 4.6K tons, rising for the third consecutive year after six years of decline. Over the period under review, exports, however, recorded a noticeable downturn. Over the period under review, the global exports attained the peak figure at 7.8K tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports reached $370M in 2022. In general, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.2% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by 27%. As a result, the exports reached the peak of $432M. From 2018 to 2022, the growth of the global exports failed to regain momentum.

Exports By Country

South Africa (1.1K tons) and the UK (1K tons) represented roughly 46% of total exports in 2022. Saudi Arabia (456 tons) ranks next in terms of the total exports with a 10% share, followed by China (9.7%), the United States (5.5%), Pakistan (4.7%) and India (4.6%).

From 2012 to 2022, the biggest increases were recorded for South Africa (with a CAGR of +18.3%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($105M), China ($65M) and Saudi Arabia ($28M) constituted the countries with the highest levels of exports in 2022, together comprising 54% of global exports. The United States, South Africa, India and Pakistan lagged somewhat behind, together comprising a further 4.7%.

South Africa, with a CAGR of +23.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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 2022, the average medicaments containing penicillin export price amounted to $81,022 per ton, reducing by -15.6% against the previous year. Over the period under review, the export price, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 65%. Over the period under review, the average export prices attained the maximum at $102,039 per ton in 2018; however, from 2019 to 2022, 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 China ($146,093 per ton), while Pakistan ($5,593 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+9.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform