Key Market Indicators
Armenia's antibiotics import is projected to surge to approximately $228,000 by the year 2028, up from around $189,000 in 2023. This marks an average annual growth rate of 2.8%. The demand for antibiotics in Armenia has seen a steady increase of 0.5% year on year since 2004. On the export front, Armenian antibiotics are expected to reach about $2,000 by 2028, a slight decrease from $2,100 in 2023. This represents a compound annual growth rate (CAGR) decline of 0.8%. Since 2018, the supply of antibiotics from Armenia has significantly dropped, with an annual decrease of 23.4%.
