Antibiotics Market Overview in Romania
In value terms, antibiotics production expanded to $ in 2019 estimated in export prices. Overall, the total production indicated a moderate increase 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. Based on 2019 figures, production increased by +% against 2017 indices. The pace of growth was the most pronounced in 2015 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to 2019, production stood at a somewhat lower figure.
The revenue of the antibiotics market in Romania contracted 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). The market value increased at an average annual rate of +% over the period from 2007 to 2019; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $, and then contracted in the following year.