ASEAN: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in ASEAN

The ASEAN penicillins or streptomycins medicaments market amounted to $X in 2022, with an increase of 2.9% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.5% against 2020 indices. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in ASEAN

In value terms, penicillins or streptomycins medicaments production reduced modestly to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.8% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 19%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in ASEAN

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof decreased by -14.2% to X tons, falling for the fourth consecutive year after seven years of growth. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -48.0% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of 34%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports declined sharply to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 63%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia (X tons) and Thailand (X tons) were the largest exporters of medicaments of penicillins, streptomycins or derivatives thereof in 2022, recording approx. 44% and 30% of total exports, respectively. Singapore (X tons) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (5%). Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest penicillins or streptomycins medicaments supplier in ASEAN, comprising 62% of total exports. The second position in the ranking was taken by Thailand ($X), with a 17% share of total exports. It was followed by Singapore, with a 15% share.

In Indonesia, penicillins or streptomycins medicaments exports shrank by an average annual rate of -2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+11.7% per year) and Singapore (+18.5% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, with a decrease of -11.2% against the previous year. In general, the export price showed a slight slump. The pace of growth was the most pronounced in 2019 an increase of 34%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in ASEAN

In 2022, purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of 34%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments imports rose sharply to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 34% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Vietnam (X tons) and the Philippines (X tons) represented the largest importers of medicaments of penicillins, streptomycins or derivatives thereof in ASEAN, together mixing up 47% of total imports. Malaysia (X tons) took the next position in the ranking, followed by Cambodia (X tons), Thailand (X tons), Indonesia (X tons) and Myanmar (X tons). All these countries together held near 49% share of total imports. Lao People's Democratic Republic (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +47.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported medicaments of penicillins, streptomycins or derivatives thereof in ASEAN, comprising 46% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total imports. It was followed by Thailand, with a 12% share.

In Vietnam, penicillins or streptomycins medicaments imports expanded at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (-0.9% per year) and Thailand (+4.3% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, falling by -8.8% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2019 an increase of 26% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform