China: Antibiotic Market 2024

Antibiotic Market Size in China

In 2021, after three years of growth, there was decline in the Chinese antibiotic market, when its value decreased by -1.2% to $X. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.0% against 2016 indices. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Antibiotic Production in China

In value terms, antibiotic production fell modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 with an increase of 33%. Antibiotic production peaked at $X in 2020, and then contracted modestly in the following year.

Antibiotic Exports

Exports from China

Antibiotic exports from China expanded modestly to X tons in 2021, surging by 1.8% against the previous year's figure. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 222% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, antibiotic exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for antibiotic exports from China, accounting for a 28% share of total exports. Moreover, antibiotic exports to India exceeded the volume sent to the second major destination, the Netherlands (X tons), fivefold. Brazil (X tons) ranked third in terms of total exports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+1.4% per year) and Brazil (-2.6% per year).

In value terms, India ($X) remains the key foreign market for antibiotics exports from China, comprising 30% of total exports. The second position in the ranking was held by Brazil ($X), with a 4.6% share of total exports. It was followed by Vietnam, with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+7.2% per year) and Vietnam (+8.4% per year).

Export Prices by Country

In 2021, the average antibiotic export price amounted to $X per ton, rising by 11% against the previous year. Overall, the export price continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2016 an increase of 202% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into China

In 2021, the amount of antibiotics imported into China declined to X tons, with a decrease of -5.2% compared with the previous year's figure. In general, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of 37% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, antibiotic imports contracted to $X in 2021. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 43%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of antibiotic to China, accounting for a 38% share of total imports. Moreover, antibiotic imports from India exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+12.3% per year) and South Korea (+2.6% per year).

In value terms, Italy ($X) constituted the largest supplier of antibiotics to China, comprising 45% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 14% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy stood at +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+0.2% per year) and South Korea (+4.2% per year).

Import Prices by Country

In 2021, the average antibiotic import price amounted to $X per ton, waning by -5.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 53% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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