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

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

In 2022, the Asia-Pacific penicillins or streptomycins medicaments market decreased by -2.6% to $X, falling for the fourth year in a row after two years of growth. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.5% against 2018 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

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

In value terms, penicillins or streptomycins medicaments production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 58% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in Asia-Pacific

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 14% to X tons, rising for the third year in a row after three years of decline. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 30%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports surged to $X in 2022. The total export value increased at an average annual rate of +5.6% 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 was the most pronounced in 2013 with an increase of 41% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

India (X tons) and China (X tons) dominates exports structure, together creating 90% of total exports. The following exporters - Hong Kong SAR (X tons) and Pakistan (X tons) - each recorded a 5.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +4.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest penicillins or streptomycins medicaments supplier in Asia-Pacific, comprising 57% of total exports. The second position in the ranking was held by China ($X), with a 26% share of total exports. It was followed by Hong Kong SAR, with a 5.4% share.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, growing by 4% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 an increase of 20% 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 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 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-Pacific

In 2022, after three years of decline, there was significant growth in overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof, when their volume increased by 6.9% to X tons. Total imports indicated a modest expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 -24.0% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 20% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports declined to $X in 2022. In general, imports, however, recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 when imports increased by 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), China (X tons), Japan (X tons), Malaysia (X tons), Cambodia (X tons), Australia (X tons), Thailand (X tons), Indonesia (X tons), Afghanistan (X tons), Myanmar (X tons) and Taiwan (Chinese) (X tons) represented roughly 86% of total imports in 2022.

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 ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, together comprising 55% of total imports. The Philippines, Australia, Thailand, Malaysia, Taiwan (Chinese), Cambodia, Indonesia, Afghanistan and Myanmar lagged somewhat behind, together comprising a further 32%.

Among the main importing countries, Myanmar, with a CAGR of +24.9%, recorded the highest rates of growth with regard to 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-Pacific stood at $X per ton in 2022, shrinking by -11.6% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 an increase of 9.2% 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 remained at a lower figure.

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 Japan ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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