Asia: Antibiotic Market 2024

Antibiotic Market Size in Asia

The Asian antibiotic market stood at $X in 2021, surging by 2.2% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Antibiotic Production in Asia

In value terms, antibiotic production shrank to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 21% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Antibiotic Exports

Exports in Asia

Antibiotic exports declined slightly to X tons in 2021, almost unchanged from 2020. Overall, exports continue to indicate a mild setback. The most prominent rate of growth was recorded in 2017 when exports increased by 133%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, antibiotic exports reached $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 8.7%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

China was the main exporting country with an export of around X tons, which finished at 86% of total exports. It was distantly followed by India (X tons), mixing up an 11% share of total exports. Singapore (X tons) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of antibiotics. India (-1.5%) and Singapore (-5.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +2.8 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest antibiotic supplier in Asia, comprising 75% of total exports. The second position in the ranking was taken by India ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +4.5%. In the other countries, the average annual rates were as follows: India (-1.4% per year) and Singapore (+3.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, surging by 4.8% against the previous year. Overall, the export price posted perceptible growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 121%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.7%), while the other leaders experienced more modest paces of growth.

Antibiotic Imports

Imports in Asia

After two years of decline, overseas purchases of antibiotics increased by 4.7% to X tons in 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2014 when imports increased by 10% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, antibiotic imports reached $X in 2021. The total import value increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 10% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India was the key importer of antibiotics in Asia, with the volume of imports accounting for X tons, which was near 49% of total imports in 2021. Vietnam (X tons) ranks second in terms of the total imports with an 8.1% share, followed by Thailand (7.3%). Indonesia (X tons), Bangladesh (X tons), South Korea (X tons), Pakistan (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Turkey (X tons), the Philippines (X tons), Malaysia (X tons) and Iran (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to antibiotic imports into India stood at +5.3%. At the same time, Bangladesh (+8.1%), Pakistan (+5.9%), the Philippines (+5.0%) and Thailand (+2.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +8.1% from 2012-2021. Taiwan (Chinese), Japan, South Korea and Malaysia experienced a relatively flat trend pattern. By contrast, Turkey (-1.3%), Indonesia (-1.5%), Vietnam (-2.1%) and Iran (-3.0%) illustrated a downward trend over the same period. While the share of India (+14 p.p.) and Bangladesh (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Vietnam (-3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported antibiotics in Asia, comprising 41% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.2% share of total imports. It was followed by Vietnam, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value in India amounted to +7.1%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-7.3% per year) and Vietnam (+2.5% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, waning by -3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.8% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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