South-Eastern Asia: Antibiotic Market 2024

Antibiotic Market Size in South-Eastern Asia

The Southeast Asian antibiotic market rose rapidly to $X in 2021, surging by 13% against the previous year. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Antibiotic Production in South-Eastern Asia

In value terms, antibiotic production dropped to $X in 2021 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 248%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Antibiotic Exports

Exports in South-Eastern Asia

In 2021, the amount of antibiotics exported in South-Eastern Asia shrank significantly to X tons, with a decrease of -28.2% compared with 2020 figures. Over the period under review, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by 25%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, antibiotic exports declined remarkably to $X in 2021. Overall, exports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2017 with an increase of 62% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore dominates exports structure, recording X tons, which was approx. 85% of total exports in 2021. Malaysia (X tons) held the second position in the ranking, followed by Thailand (X tons). All these countries together took approx. 14% share of total exports.

Singapore was also the fastest-growing in terms of the antibiotics exports, with a CAGR of -5.5% from 2012 to 2021. Malaysia (-6.2%) and Thailand (-17.9%) illustrated a downward trend over the same period. While the share of Singapore (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-12 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest antibiotic supplier in South-Eastern Asia, comprising 93% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Singapore totaled +3.7%. In the other countries, the average annual rates were as follows: Malaysia (-6.6% per year) and Thailand (-10.2% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, remaining constant against the previous year. Over the period under review, the export price continues to indicate strong growth. The pace of growth appeared the most rapid in 2017 an increase of 72%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia ($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 (+9.7%), while the other leaders experienced mixed trends in the export price figures.

Antibiotic Imports

Imports in South-Eastern Asia

After three years of decline, overseas purchases of antibiotics increased by 5% to X tons in 2021. Overall, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2017 with an increase of 12%. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, antibiotic imports shrank slightly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 14%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) and Thailand (X tons) were the key importers of antibiotics in South-Eastern Asia, together achieving 62% of total imports. Indonesia (X tons) held the next position in the ranking, distantly followed by the Philippines (X tons) and Malaysia (X tons). All these countries together held near 35% share of total imports. Singapore (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +5.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest antibiotic importing markets in South-Eastern Asia were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined 84% share of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +2.5%, recorded the highest growth rate of 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 import price in South-Eastern Asia stood at $X per ton in 2021, dropping by -6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($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 (+18.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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