Indonesia: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Indonesia

The Indonesian medicaments containing corticosteroid hormones market contracted to $X in 2021, reducing by -10.9% against the previous year. In general, consumption, however, saw a strong expansion. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Production of Medicaments Containing Corticosteroid Hormones in Indonesia

In value terms, medicaments containing corticosteroid hormones production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 58%. Over the period under review, production hit record highs at $X in 2020, and then fell in the following year.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Indonesia

In 2021, approx. X tons of medicaments containing corticosteroid hormones were exported from Indonesia; increasing by 33% compared with 2020. Over the period under review, exports, however, saw a abrupt decrease. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones exports surged to $X in 2021. In general, exports, however, recorded a abrupt curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cambodia (X tons), Vietnam (X tons) and Australia (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Indonesia, together accounting for 68% 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 Cambodia (with a CAGR of +16.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing corticosteroid hormones exported from Indonesia were Australia ($X), Singapore ($X) and the Philippines ($X), together comprising 55% of total exports. These countries were followed by Hong Kong SAR, Cambodia, Vietnam, Thailand, Malaysia, South Korea, Germany and New Zealand, which together accounted for a further 41%.

Among the main countries of destination, Cambodia, with a CAGR of +15.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, flattening at the previous year. Over the period under review, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.3% 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 corticosteroid hormones export price increased by +8.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Vietnam ($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 Singapore (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Indonesia

After two years of decline, overseas purchases of medicaments containing corticosteroid hormones increased by 0.9% to X tons in 2021. In general, imports, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2016 with an increase of 16%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones imports expanded to $X in 2021. Over the period under review, imports saw a strong increase. The growth pace was the most rapid in 2018 with an increase of 44%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), Sweden (X tons) and France (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Indonesia, with a combined 54% share of total imports. The Netherlands, the United States, Italy, Switzerland, Spain, the UK, Poland, India, Denmark and Brazil lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +135.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) appeared to be the largest medicaments containing corticosteroid hormones suppliers to Indonesia, together accounting for 39% of total imports. The Netherlands, Sweden, Switzerland, Denmark, the United States, Poland, the UK, Brazil, Spain and India lagged somewhat behind, together accounting for a further 51%.

Denmark, with a CAGR of +413.6%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, increasing by 2.6% against the previous year. Overall, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 28% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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