Panama: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Panama

The Panamanian medicaments containing penicillin market expanded markedly to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Medicaments Containing Penicillin Production in Panama

In value terms, medicaments containing penicillin production rose to $X in 2022 estimated in export price. In general, production, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Panama

In 2018, approx. X tons of medicaments containing penicillins or derivatives thereof were exported from Panama; remaining relatively unchanged against the previous year's figure. Overall, exports continue to indicate a sharp descent. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2018, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin exports totaled $X in 2018. Over the period under review, exports recorded a precipitous contraction. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2018, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Dominican Republic (X tons) was the main destination for medicaments containing penicillin exports from Panama, accounting for a X% share of total exports. Moreover, medicaments containing penicillin exports to the Dominican Republic exceeded the volume sent to the second major destination, Honduras (X kg), threefold. Venezuela (X kg) ranked third in terms of total exports with an X% share.

From 2012 to 2018, the average annual rate of growth in terms of volume to the Dominican Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (X% per year) and Venezuela (X% per year).

It was followed by Venezuela, with a X% share.

From 2012 to 2018, the average annual rate of growth in terms of value to Aruba totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2018, the average medicaments containing penicillin export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The export price peaked in 2018 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Honduras ($X per ton) was amongst the lowest.

From 2012 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Jamaica (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Panama

In 2022, overseas purchases of medicaments containing penicillins or derivatives thereof increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, medicaments containing penicillin imports skyrocketed to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Colombia (X tons) constituted the largest medicaments containing penicillin supplier to Panama, with a X% share of total imports. Moreover, medicaments containing penicillin imports from Colombia exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Colombia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Free Zones (X% per year).

In value terms, Colombia ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Panama, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Colombia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Free Zones (X% per year).

Import Prices by Country

In 2022, the average medicaments containing penicillin import price amounted to $X per ton, falling by X% against the previous year. In general, the import price saw a abrupt decrease. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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