Indonesia: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Indonesia

In 2021, the Indonesian medicaments containing penicillin market increased by 9.1% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a resilient expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Medicaments Containing Penicillin Production in Indonesia

In value terms, medicaments containing penicillin production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 71%. Medicaments containing penicillin production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from Indonesia

Medicaments containing penicillin exports from Indonesia totaled X tons in 2021, with an increase of 2.6% compared with 2020. In general, exports posted notable growth. The pace of growth was the most pronounced in 2018 when exports increased by 35,472% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, medicaments containing penicillin exports contracted to $X in 2021. Overall, exports saw prominent growth. The growth pace was the most rapid in 2018 with an increase of 6,976%. The exports peaked at $X in 2020, and then shrank in the following year.

Exports by Country

Nigeria (X tons) was the main destination for medicaments containing penicillin exports from Indonesia, with a 85% share of total exports. Moreover, medicaments containing penicillin exports to Nigeria exceeded the volume sent to the second major destination, Timor-Leste (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Nigeria totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+0.4% per year) and Singapore (-23.5% per year).

In value terms, Nigeria ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Indonesia, comprising 78% of total exports. The second position in the ranking was taken by Timor-Leste ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Nigeria totaled -29.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (+4.3% per year) and Singapore (-26.6% per year).

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, with a decrease of -16.4% against the previous year. Overall, the export price, however, showed a pronounced expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 523% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while the average price for exports to Timor-Leste ($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 Timor-Leste (+4.0%), while the prices for the other major destinations experienced a decline.

Medicaments Containing Penicillin Imports

Imports into Indonesia

In 2021, the amount of medicaments containing penicillins or derivatives thereof imported into Indonesia rose notably to X tons, growing by 6.9% against 2020 figures. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 1,886%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports shrank slightly to $X in 2021. In general, imports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 233% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Bulgaria (X tons) constituted the largest medicaments containing penicillin supplier to Indonesia, accounting for a 66% share of total imports. Moreover, medicaments containing penicillin imports from Bulgaria exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from Bulgaria stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-0.3% per year) and the United States (+51.4% per year).

In value terms, the largest medicaments containing penicillin suppliers to Indonesia were Brazil ($X), Bulgaria ($X) and the United States ($X), with a combined 99% share of total imports.

Among the main suppliers, the United States, with a CAGR of +50.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, which is down by -6.7% against the previous year. Overall, the import price faced a precipitous decrease. The growth pace was the most rapid in 2014 when the average import price increased by 90%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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