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

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

The East Asian penicillins or streptomycins medicaments market was estimated at $X in 2022, remaining constant against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.2% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Eastern Asia

In value terms, penicillins or streptomycins medicaments production totaled $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -0.9% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 26% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2022.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in Eastern Asia

In 2022, the amount of medicaments of penicillins, streptomycins or derivatives thereof exported in Eastern Asia expanded significantly to X tons, surging by 8.1% on 2021. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2022; 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 18% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports skyrocketed to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when exports increased by 30% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

China dominates exports structure, recording X tons, which was approx. 92% of total exports in 2022. It was distantly followed by Hong Kong SAR (X tons), generating a 5.8% share of total exports. South Korea (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.0% from 2012 to 2022. At the same time, South Korea (+3.6%) and Hong Kong SAR (+3.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +3.6% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest penicillins or streptomycins medicaments supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total exports.

In China, penicillins or streptomycins medicaments exports expanded at an average annual rate of +9.6% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-0.3% per year) and South Korea (-0.6% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by 15% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 an increase of 31%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the other leaders experienced a decline in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in Eastern Asia

In 2022, supplies from abroad of medicaments of penicillins, streptomycins or derivatives thereof decreased by -3.1% to X tons, falling for the fourth consecutive year after two years of growth. The total import volume increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 44%. 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 declined remarkably to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 46% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) and Japan (X tons) were the main importers of medicaments of penicillins, streptomycins or derivatives thereof in Eastern Asia, together reaching near 79% of total imports. It was distantly followed by Taiwan (Chinese) (X tons), comprising an 11% share of total imports. South Korea (X tons), Hong Kong SAR (X tons) and Democratic People's Republic of Korea (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +14.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments importing markets in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 92% share of total imports.

Taiwan (Chinese), with a CAGR of +10.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, declining by -14.8% against the previous year. Overall, the import price showed a slight contraction. The pace of growth was the most pronounced in 2016 when the import price increased by 14% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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