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

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

In 2022, the Chinese penicillins or streptomycins medicaments market decreased by -1.3% to $X for the first time since 2011, thus ending a ten-year rising trend. Overall, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +116.8% against 2012 indices. Over the period under review, the market attained the maximum level at $X in 2021, and then fell slightly in the following year.

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

In value terms, penicillins or streptomycins medicaments production reached $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of 42%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from China

Penicillins or streptomycins medicaments exports from China expanded notably to X tons in 2022, with an increase of 6% against 2021 figures. The total export volume increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when exports increased by 23%. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports soared to $X in 2022. In general, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons), Tanzania (X tons) and Kenya (X tons) were the main destinations of penicillins or streptomycins medicaments exports from China, together accounting for 25% of total exports. Pakistan, Cameroon, Angola, the United States, the Philippines, the Netherlands, Mali, Madagascar, Sierra Leone and Ethiopia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +46.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for penicillins or streptomycins medicaments exported from China were Nigeria ($X), the United States ($X) and Tanzania ($X), with a combined 22% share of total exports.

The United States, with a CAGR of +74.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, growing by 21% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments export price increased by +35.9% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of 29%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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 the United States ($X per ton), while the average price for exports to Pakistan ($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 the United States (+18.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into China

In 2022, approx. X tons of medicaments of penicillins, streptomycins or derivatives thereof were imported into China; declining by -17.5% compared with the previous year's figure. Over the period under review, total imports indicated a slight increase from 2012 to 2022: its volume increased at an average annual rate of +1.0% 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 -43.2% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 66%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports reduced dramatically to $X in 2022. In general, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 80%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest penicillins or streptomycins medicaments supplier to China, accounting for a 13% share of total imports. Moreover, penicillins or streptomycins medicaments imports from Italy exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), fourfold. Argentina (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy stood at -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+301.1% per year) and Argentina (+2.3% per year).

In value terms, Italy ($X) constituted the largest supplier of medicaments of penicillins, streptomycins or derivatives thereof to China, comprising 18% of total imports. The second position in the ranking was taken by Argentina ($X), with an 8.7% share of total imports. It was followed by the United States, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Argentina (+3.0% per year) and the United States (+47.5% per year).

Import Prices by Country

In 2022, the average penicillins or streptomycins medicaments import price amounted to $X per ton, which is down by -32.1% against the previous year. Overall, the import price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :