South-Eastern Asia: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in South-Eastern Asia

The Southeast Asian medicaments containing vitamins market stood at $X in 2021, picking up by 7.8% against the previous year. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.7% against 2019 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Medicaments Containing Vitamins Production in South-Eastern Asia

In value terms, medicaments containing vitamins production reached $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 61%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Medicaments Containing Vitamins Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of medicaments containing vitamins and provitamins were exported in South-Eastern Asia; which is down by -15.3% against 2020. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. As a result, the exports reached the peak of X tons, and then reduced dramatically in the following year.

In value terms, medicaments containing vitamins exports declined to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 27%. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped in the following year.

Exports by Country

Vietnam (X tons), Indonesia (X tons), Thailand (X tons) and Singapore (X tons) represented roughly 86% of total exports in 2021. It was distantly followed by the Philippines (X tons) and Malaysia (X tons), together achieving a 14% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +16.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins supplying countries in South-Eastern Asia were Indonesia ($X), Singapore ($X) and Vietnam ($X), together comprising 78% of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +9.9%, 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 an increase of 32% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.9%), while the other leaders experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of medicaments containing vitamins and provitamins increased by 11% to X tons, rising for the second consecutive year after three years of decline. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +28.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 52%. The volume of import peaked at X tons in 2016; afterwards, it flattened through to 2021.

In value terms, medicaments containing vitamins imports rose rapidly to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +122.0% against 2014 indices. The most prominent rate of growth was recorded in 2015 with an increase of 28% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

Vietnam (X tons) and the Philippines (X tons) represented roughly 53% of total imports in 2021. Myanmar (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (11%), Cambodia (10%) and Malaysia (7.9%). Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of +29.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments containing vitamins importing markets in South-Eastern Asia were Vietnam ($X), the Philippines ($X) and Thailand ($X), together accounting for 72% of total imports. These countries were followed by Malaysia, Myanmar, Cambodia and Indonesia, which together accounted for a further 23%.

Among the main importing countries, Cambodia, with a CAGR of +33.7%, 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

In 2021, the import price in South-Eastern Asia amounted to $X per ton, shrinking by -4.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 50% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Myanmar ($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 (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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