Key Market Indicators
Canadian antibiotics exports are projected to plummet to $3.6 million by 2028, a significant drop from $7 million in 2023. This decline represents an average annual decrease of 10.7%. Since 1994, Canada's supply of antibiotics has been steadily decreasing at an average yearly rate of 11.3%. On the import front, Canada is expected to see a slight decline in antibiotics imports, which are set to reach $163 million by 2028, down from $167 million in 2023. This represents an average annual decrease of 0.5%. However, looking at a broader historical context, Canadian demand for antibiotics has actually grown modestly, increasing by an average of 0.6% annually since 1994.
