Antibiotics Market Overview in Denmark
In value terms, antibiotics production soared to $ in 2019 estimated in export prices. Over the period under review, the total production indicated moderate growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.
The size of the antibiotics market in Denmark reduced to $ in 2019, shrinking by -% 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). Overall, consumption continues to indicate a perceptible downturn. The pace of growth was the most pronounced in 2011 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to 2019, consumption failed to regain the momentum.