Eastern Asia: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Eastern Asia

The East Asian chemical contraceptive preparations market surged to $X in 2021, increasing by 18% against the previous year. Overall, consumption showed a prominent expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in the immediate term.

Chemical Contraceptive Preparations Production in Eastern Asia

In value terms, chemical contraceptive preparations production totaled $X in 2021 estimated in export price. In general, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 596,689% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Chemical Contraceptive Preparations Exports

Exports in Eastern Asia

In 2021, the amount of chemical contraceptive preparations based on hormones or spermicides exported in Eastern Asia soared to X tons, rising by 87% compared with the previous year's figure. Overall, exports saw a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of 276% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, chemical contraceptive preparations exports expanded significantly to $X in 2021. Over the period under review, exports recorded strong growth. The growth pace was the most rapid in 2014 with an increase of 59% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

China was the major exporter of chemical contraceptive preparations based on hormones or spermicides in Eastern Asia, with the volume of exports reaching X tons, which was near 87% of total exports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), mixing up an 11% share of total exports. Hong Kong SAR (X tons) took a relatively small share of total exports.

Exports from China increased at an average annual rate of +13.8% from 2012 to 2021. At the same time, Taiwan (Chinese) (+36.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +36.3% from 2012-2021. Hong Kong SAR experienced a relatively flat trend pattern. While the share of China (+13 p.p.) and Taiwan (Chinese) (+9.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-3.6 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest chemical contraceptive preparations supplier in Eastern Asia, comprising 97% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.5% share of total exports.

In China, chemical contraceptive preparations exports expanded at an average annual rate of +16.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+26.2% per year) and Hong Kong SAR (-0.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, reducing by -41.7% against the previous year. Over the period under review, the export price, however, recorded measured growth. The pace of growth was the most pronounced in 2020 when the export price increased by 87% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.5%), while the other leaders experienced mixed trends in the export price figures.

Chemical Contraceptive Preparations Imports

Imports in Eastern Asia

In 2021, purchases abroad of chemical contraceptive preparations based on hormones or spermicides increased by 21% to X tons, rising for the third year in a row after two years of decline. In general, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 86%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, chemical contraceptive preparations imports surged to $X in 2021. Overall, imports continue to indicate a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China was the main importer of chemical contraceptive preparations based on hormones or spermicides in Eastern Asia, with the volume of imports reaching X tons, which was approx. 52% of total imports in 2021. It was distantly followed by South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons), together achieving a 44% share of total imports. Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported chemical contraceptive preparations based on hormones or spermicides in Eastern Asia, comprising 80% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9% share of total imports. It was followed by Japan, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +26.9%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+4.5% per year) and Japan (+2.6% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, surging by 31% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 an increase of 74%. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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