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

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

The Asian penicillins or streptomycins medicaments market contracted rapidly to $X in 2022, which is down by -21.7% against the previous year. In general, consumption, however, recorded a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, penicillins or streptomycins medicaments production reached $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 78% against the previous year. 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 Asia

For the third consecutive year, Asia recorded growth in overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof, which increased by 14% to X tons in 2022. The total export volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 30%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by 34%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

India (X tons) and China (X tons) prevails in exports structure, together constituting 85% of total exports. The following exporters - Hong Kong SAR (X tons), Pakistan (X tons) and Turkey (X tons) - each resulted at a 7.6% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Pakistan (with a CAGR of +4.5%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest penicillins or streptomycins medicaments supplier in Asia, comprising 54% of total exports. The second position in the ranking was taken by China ($X), with a 25% share of total exports. It was followed by Hong Kong SAR, with a 5.1% share.

In India, penicillins or streptomycins medicaments exports expanded at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (+9.6% per year) and Hong Kong SAR (-0.3% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, with an increase of 3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2018 an increase of 17%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in Asia

In 2022, purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof decreased by -7.7% to X tons, falling for the second year in a row after four years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 22% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports dropped significantly to $X in 2022. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2015 with an increase of 16%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), the Philippines (X tons), Iraq (X tons), China (X tons), Japan (X tons), Uzbekistan (X tons), Yemen (X tons), Malaysia (X tons), Cambodia (X tons), the United Arab Emirates (X tons), Thailand (X tons) and Azerbaijan (X tons) represented roughly 65% of total imports in 2022. Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Azerbaijan (with a CAGR of +42.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising 40% of total imports. The United Arab Emirates, the Philippines, Iraq, Thailand, Uzbekistan, Yemen, Malaysia, Cambodia, Indonesia and Azerbaijan lagged somewhat behind, together comprising a further 32%.

Azerbaijan, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 2022, shrinking by -17.3% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by 21% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, 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 ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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