For retail sale medicaments with penicillins or streptomycins market in Greece

Earlier Report Observations

The market for packed penicillin and streptomycin medicaments in Greece expanded to $41.8 million in 2019 from $40.5 million the previous year, before contracting to $37.8 million in 2020. Domestic production over this period declined from $26.0 million to $21.3 million, indicating a growing reliance on imported products to meet demand.

Import values for these medicaments rose consistently from $15.8 million in 2018 to a peak of $20.8 million in 2023, after which they fell sharply to $14.8 million in 2024. Concurrently, export values remained relatively low but saw a notable increase, rising from around $1.1 million in 2019 to $2.2 million in 2024, with a significant jump observed in 2023.

Production for retail sale medicaments with penicillins or streptomycins in Greece

In value, 2017-2020, K $ US

Greece's production volume of retail sale medicaments containing penicillins or streptomycins declined for the second consecutive year. In 2020, output was valued at 21 312 thousand US dollars, marking a 14.2% decrease compared to 2019. The highest production value was recorded in 2018 at 26 015 thousand US dollars, which also saw the largest annual increase of 20.2%.

Annual dynamics of production in Greece in value, 2017-2020, K $ US

Exports for retail sale medicaments with penicillins or streptomycins from Greece

Exports in kind, t

The market exhibited significant volatility during this period. Exports reached their lowest point in 2017 and peaked in 2018, with a 2.1-fold difference between these years. In 2020, Greece's cross-border shipments of retail sale medicaments with penicillins or streptomycins amounted to 21.0 tonnes, showing a modest decline of 7.5% from the previous year. The highest export volume was recorded in 2018 at 33.5 tonnes, which also experienced the largest annual increase of 111.4%. The most substantial decline occurred in 2019, with a drop of 32.2%.

Annual dynamics of product's exports from Greece in kind, 2017-2020, t

From 2017 to 2020, Cyprus, the United Kingdom, and Vietnam consistently served as the primary destinations for Greece's exports in kind. Cyprus accounted for 43.5% of exports, the United Kingdom for 22.9%, and Vietnam for 10.8%. Together, these three countries represented 77.3% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Greece in kind, 2017-2020

Exports in value, K $ US

Following a two-year decline, Greece's export value of retail sale medicaments with penicillins or streptomycins increased in 2020. Exports totaled 1 240 thousand US dollars, reflecting a 12.8% year-over-year growth. Over the 2017-2020 period, however, exports decreased by 43.5%, with a compound annual growth rate (CAGR) of -17.3%. The lowest value was recorded in 2019 at 1 099 thousand US dollars, while the largest annual decline occurred in 2018 at 36.0%.

Annual dynamics of product's exports from Greece in value, 2017-2020, K $ US

From 2017 to 2020, Cyprus, Germany, and the United Kingdom were the main markets for Greece's exports in value terms. Cyprus accounted for 34.1% of export value, Germany for 19.3%, and the United Kingdom for 17.9%. Collectively, these three countries represented 71.2% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Greece in value, 2017-2020

Imports for retail sale medicaments with penicillins or streptomycins to Greece

Imports in kind, t

After a two-year increase, Greece's import volume of retail sale medicaments with penicillins or streptomycins declined in 2020. Imports totaled 579.7 tonnes, showing a significant drop of 12.8% year-over-year. Over the 2017-2020 period, imports grew by 26.1%, with a compound annual growth rate (CAGR) of 8.0%. The highest import volume was recorded in 2019 at 664.5 tonnes, while the largest annual increase occurred in 2018 at 30.6%.

Annual dynamics of product's imports to Greece in kind, 2017-2020, t

From 2017 to 2020, Italy, France, and Germany were the primary sources for Greece's imports in kind. Italy accounted for 35.1% of imports, France for 31.6%, and Germany for 15.6%. Together, these three countries represented 82.3% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Greece in kind, 2017-2020

Imports in value, K $ US

In 2020, Greece imported retail sale medicaments with penicillins or streptomycins valued at 15 843 thousand US dollars, marking a slight decline of 1.6% year-over-year. Over the 2017-2020 period, imports decreased by 2.1%, with a compound annual growth rate (CAGR) of -0.7%. The lowest import value was recorded in 2018 at 15 843 thousand US dollars, which also saw the largest annual decline of 12.7%. The most substantial increase occurred in 2019, with growth of 13.8%.

Annual dynamics of product's imports to Greece in value, 2017-2020, K $ US

From 2017 to 2020, Italy and France remained the key destinations for Greece's imports in value terms, jointly accounting for 88.6% of total flows. Other trading partners individually contributed much smaller shares.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Greece in value, 2017-2020