Eastern Asia: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Eastern Asia

In 2021, the East Asian medicaments containing penicillin market was finally on the rise to reach $X after two years of decline. In general, consumption enjoyed a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Medicaments Containing Penicillin Production in Eastern Asia

In value terms, medicaments containing penicillin production expanded slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 133% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports in Eastern Asia

In 2021, overseas shipments of medicaments containing penicillins or derivatives thereof increased by 6.1% to X tons, rising for the third year in a row after three years of decline. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +36.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 41% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, medicaments containing penicillin exports expanded rapidly to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when exports increased by 20%. The level of export peaked in 2021 and is likely to continue growth in years to come.

Exports by Country

China prevails in exports structure, amounting to X tons, which was near 92% of total exports in 2021. It was distantly followed by Japan (X tons), achieving a 6.4% share of total exports.

China was also the fastest-growing in terms of the medicaments containing penicillins or derivatives thereof exports, with a CAGR of +10.1% from 2012 to 2021. Japan (-7.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +31 percentage points.

In value terms, China ($X) remains the largest medicaments containing penicillin supplier in Eastern Asia, comprising 69% of total exports. The second position in the ranking was taken by Japan ($X), with a 30% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China amounted to +15.7%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of 32% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.1%).

Medicaments Containing Penicillin Imports

Imports in Eastern Asia

In 2021, medicaments containing penicillin imports in Eastern Asia reduced modestly to X tons, with a decrease of -4.8% compared with the year before. In general, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of 177% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced slightly in the following year.

In value terms, medicaments containing penicillin imports dropped dramatically to $X in 2021. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by 139%. The level of import peaked at $X in 2020, and then fell remarkably in the following year.

Imports by Country

South Korea (X tons) and Taiwan (Chinese) (X tons) were the major importers of medicaments containing penicillins or derivatives thereof in 2021, finishing at near 45% and 34% of total imports, respectively. It was distantly followed by China (X tons) and Japan (X tons), together generating a 19% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +17.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constitutes the largest market for imported medicaments containing penicillins or derivatives thereof in Eastern Asia, comprising 52% of total imports. The second position in the ranking was taken by Japan ($X), with a 22% share of total imports. It was followed by China, with a 14% share.

In South Korea, medicaments containing penicillin imports expanded at an average annual rate of +17.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+42.8% per year) and China (-0.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, falling by -14.8% against the previous year. Import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing penicillin import price decreased by -22.8% against 2017 indices. The pace of growth was the most pronounced in 2015 an increase of 55%. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+21.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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