Malaysia: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Malaysia

The Malaysian medicaments containing corticosteroid hormones market expanded modestly to $X in 2021, surging by 4.2% against the previous year. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +67.1% against 2018 indices. Medicaments containing corticosteroid hormones consumption peaked in 2021 and is likely to see steady growth in the near future.

Production of Medicaments Containing Corticosteroid Hormones in Malaysia

In value terms, medicaments containing corticosteroid hormones production contracted dramatically to $X in 2021 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 79% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Malaysia

In 2021, shipments abroad of medicaments containing corticosteroid hormones decreased by -20.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports showed a pronounced setback. The pace of growth appeared the most rapid in 2019 when exports increased by 26%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, medicaments containing corticosteroid hormones exports reduced to $X in 2021. Overall, exports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 37%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Sri Lanka (X tons), Singapore (X tons) and Ethiopia (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Malaysia, with a combined 39% share of total exports. These countries were followed by Thailand, Myanmar, Djibouti, Brunei Darussalam, the Philippines, Cambodia, Hong Kong SAR, Lao People's Democratic Republic and Australia, which together accounted for a further 53%.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +44.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sri Lanka ($X), Thailand ($X) and Ethiopia ($X) were the largest markets for medicaments containing corticosteroid hormones exported from Malaysia worldwide, with a combined 46% share of total exports. Singapore, Cambodia, Djibouti, Myanmar, Lao People's Democratic Republic, Brunei Darussalam, Australia, Hong Kong SAR and the Philippines lagged somewhat behind, together comprising a further 47%.

Among the main countries of destination, Myanmar, with a CAGR of +51.1%, saw 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

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2021, increasing by 19% against the previous year. In general, the export price, however, saw a mild decrease. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while the average price for exports to the Philippines ($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 Australia (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Malaysia

In 2021, medicaments containing corticosteroid hormones imports into Malaysia was estimated at X tons, with an increase of 12% on 2020. Over the period under review, imports showed a buoyant increase. The growth pace was the most rapid in 2014 when imports increased by 97%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, medicaments containing corticosteroid hormones imports soared to $X in 2021. Overall, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 142%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), the United States (X tons) and Sweden (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Malaysia, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +180.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing corticosteroid hormones suppliers to Malaysia were Belgium ($X), Sweden ($X) and Germany ($X), with a combined 59% share of total imports.

Sweden, with a CAGR of +155.7%, 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 15% against the previous year. Overall, the import price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 42% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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