Republic of Korea: Market for Medicaments Of Other Antibiotics 2022

Market Size for Medicaments Of Other Antibiotics in Republic of Korea

The South Korean medicaments of other antibiotics market totaled $X in 2021, almost unchanged from the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Medicaments of other antibiotics consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Medicaments Of Other Antibiotics in Republic of Korea

In value terms, medicaments of other antibiotics production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Medicaments Of Other Antibiotics

Exports from Republic of Korea

After two years of growth, overseas shipments of medicaments of other antibiotics decreased by -X% to X tons in 2021. Overall, exports saw a noticeable descent. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X tons, and then contracted rapidly in the following year.

In value terms, medicaments of other antibiotics exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Vietnam (X tons), China (X tons) and Japan (X tons) were the main destinations of medicaments of other antibiotics exports from South Korea, with a combined X% share of total exports. Bangladesh, Ukraine, Pakistan, the Philippines, Cambodia, Uganda, Myanmar, Ethiopia and Canada lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Ukraine (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments of other antibiotics exported from South Korea were Japan ($X), China ($X) and Vietnam ($X), together accounting for X% of total exports. Bangladesh, the Philippines, Pakistan, Cambodia, Canada, Uganda, Myanmar, Ethiopia and Ukraine lagged somewhat behind, together comprising a further X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 of other antibiotics export price amounted to $X per ton, jumping by X% against the previous year. Overall, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Imports of Medicaments Of Other Antibiotics

Imports into Republic of Korea

In 2021, overseas purchases of medicaments of other antibiotics decreased by -X% to X tons, falling for the second consecutive year after six years of growth. Overall, imports, however, showed a notable expansion. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments of other antibiotics imports declined notably to $X in 2021. In general, imports recorded a slight curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of medicaments of other antibiotics to South Korea, accounting for a X% share of total imports. Moreover, medicaments of other antibiotics imports from China exceeded the figures recorded by the second-largest supplier, Norway (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+X% per year) and Italy (-X% per year).

In value terms, the largest medicaments of other antibiotics suppliers to South Korea were China ($X), Italy ($X) and France ($X), together accounting for X% of total imports. Norway, the UK, Japan, Singapore and Mexico lagged somewhat behind, together accounting for a further X terms of the main suppliers, Singapore, with a CAGR of +X%, 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 more modest paces of growth.

Import Prices by Country

The average medicaments of other antibiotics import price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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