Asia: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Asia

The Asian medicaments containing penicillin market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption saw a strong increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Medicaments Containing Penicillin Production in Asia

In value terms, medicaments containing penicillin production amounted to $X in 2021 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 127% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Medicaments Containing Penicillin Exports

Exports in Asia

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof increased by 43% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 76%. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing penicillin exports surged to $X in 2021. In general, exports, however, saw a mild curtailment. The growth pace was the most rapid in 2015 with an increase of 49%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons) and Jordan (X tons) were the main exporters of medicaments containing penicillins or derivatives thereof in 2021, amounting to near 32% and 32% of total exports, respectively. China (X tons) held the next position in the ranking, distantly followed by India (X tons). All these countries together took approx. 26% share of total exports. The following exporters - Kuwait (X tons), Pakistan (X tons) and Indonesia (X tons) - each recorded a 5.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kuwait (with a CAGR of +24.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing penicillin supplying countries in Asia were China ($X), Jordan ($X) and Saudi Arabia ($X), with a combined 81% share of total exports.

China, with a CAGR of +15.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, waning by -3.4% against the previous year. Export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing penicillin export price decreased by -27.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 41% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other leaders experienced mixed trends in the export price figures.

Medicaments Containing Penicillin Imports

Imports in Asia

In 2021, overseas purchases of medicaments containing penicillins or derivatives thereof decreased by -10.9% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 74%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, medicaments containing penicillin imports contracted to $X in 2021. Overall, imports continue to indicate a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 123%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X tons), distantly followed by Saudi Arabia (X tons), Turkey (X tons), the United Arab Emirates (X tons) and Thailand (X tons) were the major importers of medicaments containing penicillins or derivatives thereof, together mixing up 73% of total imports. Oman (X tons), Afghanistan (X tons), the Philippines (X tons), South Korea (X tons), India (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Afghanistan (with a CAGR of +60.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing penicillin importing markets in Asia were Saudi Arabia ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for 50% of total imports. These countries were followed by South Korea, India, Afghanistan, Oman, Indonesia, Vietnam, Taiwan (Chinese), Thailand and the Philippines, which together accounted for a further 31%.

Among the main importing countries, Afghanistan, with a CAGR of +49.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, picking up by 5.4% against the previous year. Overall, the import price, however, saw a abrupt contraction. The growth pace was the most rapid in 2020 when the import price increased by 28% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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