China: Biological Product Market 2024

Biological Product Market Size in China

The Chinese biological product market soared to $X in 2022, jumping by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Biological product consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Biological Product Production in China

In value terms, biological product production rose modestly to $X in 2022 estimated in export price. In general, the total production indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Biological Product Exports

Exports from China

In 2022, after four years of growth, there was significant decline in shipments abroad of biological products, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, biological product exports fell markedly to $X in 2022. Overall, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Switzerland (X tons), Italy (X tons) and the United States (X tons) were the main destinations of biological product exports from China, with a combined X% share of total exports.

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

In value terms, Switzerland ($X) emerged as the key foreign market for biological products exports from China, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Switzerland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Brazil (X% per year).

Export Prices by Country

The average biological product export price stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced a decline.

Biological Product Imports

Imports into China

In 2022, overseas purchases of biological products decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank notably in the following year.

In value terms, biological product imports contracted significantly to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2021, and then fell markedly in the following year.

Imports by Country

The United States (X tons), Germany (X tons) and Switzerland (X tons) were the main suppliers of biological product imports to China, together comprising X% of total imports. Italy, Austria, Sweden, Spain, Ireland, France, Denmark, South Korea, Japan and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the United States ($X) and Germany ($X) constituted the largest biological product suppliers to China, with a combined X% share of total imports. Switzerland, France, Italy, Sweden, Austria, Spain, Japan, Denmark, South Korea and the Netherlands lagged somewhat behind, together accounting for a further X%.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average biological product import price stood at $X,004 per ton in 2022, rising by X% against the previous year. Overall, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X,228 per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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