Hong Kong SAR, China: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in the Hong Kong medicaments containing penicillin market, when its value increased by 12% to $X. In general, consumption enjoyed a strong expansion. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Medicaments Containing Penicillin Production in Hong Kong SAR, China

In value terms, medicaments containing penicillin production skyrocketed to $X in 2021 estimated in export price. Overall, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 174% against the previous year. Medicaments containing penicillin production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Medicaments Containing Penicillin Exports

Exports from Hong Kong SAR, China

Medicaments containing penicillin exports from Hong Kong SAR reduced rapidly to X kg in 2021, waning by -82% compared with 2020 figures. Overall, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 1,353%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, medicaments containing penicillin exports fell rapidly to $X in 2021. In general, exports faced a significant curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 900% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X kg), Turkey (X kg) and Brunei Darussalam (X kg) were the main destinations of medicaments containing penicillin exports from Hong Kong SAR, together accounting for 78% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +21.9%), while the other leaders experienced a decline.

In value terms, the largest markets for medicaments containing penicillin exported from Hong Kong SAR were Canada ($X), Turkey ($X) and Congo ($X), together comprising 86% of total exports.

Canada, with a CAGR of -1.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, with an increase of 38% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 335%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Brunei Darussalam ($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 Sudan (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Penicillin Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of medicaments containing penicillins or derivatives thereof were imported into Hong Kong SAR; dropping by -92.5% compared with 2020. Overall, imports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 552%. As a result, imports attained the peak of X tons, and then fell significantly in the following year.

In value terms, medicaments containing penicillin imports shrank dramatically to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 460% against the previous year. As a result, imports reached the peak of $X, and then declined sharply in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest medicaments containing penicillin supplier to Hong Kong SAR, accounting for a 83% share of total imports. Moreover, medicaments containing penicillin imports from China exceeded the figures recorded by the second-largest supplier, Australia (X kg), more than tenfold. The third position in this ranking was taken by Singapore (X kg), with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +75.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+38.9% per year) and Singapore (+15.0% per year).

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was taken by Australia ($X), with a 5.2% share of total imports. It was followed by Singapore, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +75.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+35.1% per year) and Singapore (+29.0% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, rising by 30% against the previous year. Overall, the import price saw a remarkable increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 233% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per ton) and Singapore ($X per ton), while the price for Australia ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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