Hong Kong SAR, China: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Hong Kong SAR, China

In 2022, the Hong Kong penicillins or streptomycins medicaments market decreased by -23.8% to $X, falling for the second consecutive year after four years of growth. Overall, consumption, however, saw a mild reduction. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Hong Kong SAR, China

In value terms, penicillins or streptomycins medicaments production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 46%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Hong Kong SAR, China

In 2022, shipments abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 73% to X tons, rising for the second year in a row after two years of decline. In general, exports recorded a noticeable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, penicillins or streptomycins medicaments exports surged to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 56% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for penicillins or streptomycins medicaments exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to China totaled +3.5%.

In value terms, China ($X) also remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, which is down by -18% against the previous year. Overall, the export price recorded a noticeable setback. The most prominent rate of growth was recorded in 2019 an increase of 20%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.4% per year.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Hong Kong SAR, China

In 2022, after six years of decline, there was significant growth in purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof, when their volume increased by 23% to X tons. Overall, imports, however, continue to indicate a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 31%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), Germany (X tons) and China (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Hong Kong SAR, with a combined 73% share of total imports. Austria, the UK, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +35.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the UK ($X) and China ($X) were the largest penicillins or streptomycins medicaments suppliers to Hong Kong SAR, with a combined 71% share of total imports.

Taiwan (Chinese), with a CAGR of +56.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, increasing by 12% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 92% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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