Indonesia: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Indonesia

In 2022, the Indonesian penicillins or streptomycins medicaments market increased by 0.2% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +9.4% against 2020 indices. Penicillins or streptomycins medicaments consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Indonesia

In value terms, penicillins or streptomycins medicaments production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.5% against 2020 indices. The growth pace was the most rapid in 2015 with an increase of 18%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Indonesia

In 2022, penicillins or streptomycins medicaments exports from Indonesia expanded to X tons, increasing by 3.8% against the previous year's figure. Overall, exports, however, recorded a mild contraction. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments exports fell significantly to $X in 2022. In general, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 68%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for penicillins or streptomycins medicaments exports from Indonesia, accounting for a 56% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Japan exceeded the volume sent to the second major destination, Nigeria (X tons), threefold. The third position in this ranking was held by the Philippines (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+38.6% per year) and the Philippines (+43.2% per year).

In value terms, Japan ($X) remains the key foreign market for medicaments of penicillins, streptomycins or derivatives thereof exports from Indonesia, comprising 90% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 4.2% share of total exports. It was followed by Nigeria, with a 1.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan amounted to -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+45.8% per year) and Nigeria (+25.7% per year).

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, with a decrease of -27.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then contracted significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Indonesia

In 2022, supplies from abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 102% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, penicillins or streptomycins medicaments imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X tons), Austria (X tons) and Ireland (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Indonesia, together accounting for 68% of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +34.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Indonesia were Ireland ($X), Austria ($X) and Sweden ($X), with a combined 34% share of total imports.

Among the main suppliers, Sweden, with a CAGR of +25.8%, saw the highest rates of growth with regard to the value of imports, 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, dropping by -34.6% against the previous year. In general, the import price showed a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 68% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Ireland ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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