South-Eastern Asia: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in South-Eastern Asia

The Southeast Asian penicillins or streptomycins medicaments market stood at $X in 2022, growing by 2.9% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.5% against 2020 indices. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2022.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in South-Eastern Asia

In value terms, penicillins or streptomycins medicaments production declined modestly to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.8% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 19%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports in South-Eastern Asia

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof decreased by -14.2% to X tons, falling for the fourth consecutive year after seven years of growth. Total exports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -48.0% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by 34%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports fell markedly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 63% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) and Thailand (X tons) represented roughly 75% of total exports in 2022. It was distantly followed by Singapore (X tons) and Vietnam (X tons), together achieving a 22% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the largest penicillins or streptomycins medicaments supplier in South-Eastern Asia, comprising 62% of total exports. The second position in the ranking was held by Thailand ($X), with a 17% share of total exports. It was followed by Singapore, with a 15% share.

In Indonesia, penicillins or streptomycins medicaments exports decreased by an average annual rate of -2.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (+11.7% per year) and Singapore (+18.5% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, reducing by -11.2% against the previous year. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in 2019 when the export price increased by 34% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports in South-Eastern Asia

After two years of decline, purchases abroad of medicaments of penicillins, streptomycins or derivatives thereof increased by 18% to X tons in 2022. Over the period under review, imports showed buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments imports expanded remarkably to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 34%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Vietnam (X tons) and the Philippines (X tons) represented roughly 47% of total imports in 2022. Malaysia (X tons) held the next position in the ranking, followed by Cambodia (X tons), Thailand (X tons), Indonesia (X tons) and Myanmar (X tons). All these countries together held near 48% share of total imports. Lao People's Democratic Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of +47.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported medicaments of penicillins, streptomycins or derivatives thereof in South-Eastern Asia, comprising 46% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 17% share of total imports. It was followed by Thailand, with a 12% share.

In Vietnam, penicillins or streptomycins medicaments imports increased at an average annual rate of +5.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (-0.9% per year) and Thailand (+4.3% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, falling by -8.3% against the previous year. Over the period under review, the import price showed a noticeable shrinkage. The pace of growth was the most pronounced in 2019 an increase of 26% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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