Malaysia: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Malaysia

In 2021, the Malaysian medicaments containing penicillin market increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw a prominent increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Medicaments Containing Penicillin Production in Malaysia

In value terms, medicaments containing penicillin production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 163% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from Malaysia

In 2021, the amount of medicaments containing penicillins or derivatives thereof exported from Malaysia declined significantly to X tons, with a decrease of -71.4% against the year before. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2015 when exports increased by 610%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports fell notably to $X in 2021. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2015 with an increase of 856% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Yemen (X tons) was the main destination for medicaments containing penicillin exports from Malaysia, with a 64% share of total exports. Moreover, medicaments containing penicillin exports to Yemen exceeded the volume sent to the second major destination, Sri Lanka (X kg), fourfold. The third position in this ranking was taken by Vietnam (X kg), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Yemen totaled +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (-13.6% per year) and Vietnam (+21.1% per year).

In value terms, Yemen ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Malaysia, comprising 78% of total exports. The second position in the ranking was held by the Philippines ($X), with a 4.2% share of total exports. It was followed by Oman, with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Yemen totaled +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-12.0% per year) and Oman (-8.0% per year).

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, with a decrease of -35.2% against the previous year. In general, the export price recorded a noticeable decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 63%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Sri Lanka ($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 Yemen (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Penicillin Imports

Imports into Malaysia

In 2021, medicaments containing penicillin imports into Malaysia fell markedly to X kg, waning by -68.8% compared with the previous year. Over the period under review, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 46%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin imports shrank notably to $X in 2021. Overall, imports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 42% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X kg) constituted the largest supplier of medicaments containing penicillin to Malaysia, with a 59% share of total imports. Moreover, medicaments containing penicillin imports from South Korea exceeded the figures recorded by the second-largest supplier, Turkey (X kg), fourfold. Taiwan (Chinese) (X kg) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea stood at -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-37.4% per year) and Taiwan (Chinese) (-15.4% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Malaysia, comprising 61% of total imports. The second position in the ranking was held by South Korea ($X), with a 16% share of total imports. It was followed by India, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at -17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-20.0% per year) and India (-42.7% per year).

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, posted a significant expansion. The growth pace was the most rapid in 2016 an increase of 142%. The import price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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