Hong Kong SAR, China: Antibiotic Market 2024

Antibiotic Market Size in Hong Kong SAR, China

The Hong Kong antibiotic market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, saw a deep downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Antibiotic Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of antibiotics decreased by -86.3% to X tons, falling for the third year in a row after two years of growth. Overall, exports showed a precipitous decrease. The pace of growth was the most pronounced in 2018 when exports increased by 124%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, antibiotic exports shrank notably to $X in 2021. Over the period under review, exports saw a dramatic downturn. The growth pace was the most rapid in 2018 when exports increased by 13%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for antibiotic exports from Hong Kong SAR, with a 67% share of total exports. Moreover, antibiotic exports to China exceeded the volume sent to the second major destination, Brazil (X tons), threefold. The third position in this ranking was held by Kazakhstan (X tons), with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +74.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-7.9% per year) and Kazakhstan (0.0% per year).

In value terms, China ($X) emerged as the key foreign market for antibiotics exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 26% share of total exports. It was followed by Brazil, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +136.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (0.0% per year) and Brazil (-5.2% per year).

Export Prices by Country

In 2021, the average antibiotic export price amounted to $X per ton, rising by 380% against the previous year. Overall, the export price, however, recorded a perceptible decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+35.6%), while the prices for the other major destinations experienced more modest paces of growth.

Antibiotic Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of antibiotics were finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 74%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, antibiotic imports contracted notably to $X in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of antibiotic to Hong Kong SAR, accounting for a 74% share of total imports. Moreover, antibiotic imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.5% per year) and Japan (+28.6% per year).

In value terms, India ($X) constituted the largest supplier of antibiotics to Hong Kong SAR, comprising 45% of total imports. The second position in the ranking was taken by Japan ($X), with a 22% share of total imports. It was followed by Spain, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+20.2% per year) and Spain (+7.4% per year).

Import Prices by Country

In 2021, the average antibiotic import price amounted to $X per ton, dropping by -29% against the previous year. Overall, the import price recorded a deep slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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