Antibiotics Market Overview in Ireland
In value terms, antibiotics production contracted significantly to $ in 2019 estimated in export prices. Overall, production continues to indicate a sharp reduction. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. Over the period under review, production reached the peak level at $ in 2007; however, from 2008 to 2019, production stood at a somewhat lower figure.
The value of the antibiotics market in Ireland totaled $ in 2019, approximately reflecting 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). In general, the total consumption indicated mild growth from 2007 to 2019: its value increased at an average annual rate of +% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2010 with an increase of % year-to-year. Over the period under review, the market attained the maximum level at $ in 2016; however, from 2017 to 2019, consumption failed to regain the momentum.