Vietnam: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Vietnam

In 2021, after two years of decline, there was growth in the Vietnamese medicaments containing penicillin market, when its value increased by 4.7% to $X. Overall, consumption, however, recorded a pronounced curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Medicaments Containing Penicillin Production in Vietnam

In value terms, medicaments containing penicillin production amounted to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 103%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from Vietnam

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof decreased by -8.8% to X tons, falling for the third consecutive year after three years of growth. Overall, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of 725% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin exports rose markedly to $X in 2021. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2014 when exports increased by 334% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for medicaments containing penicillin exports from Vietnam, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -1.7%.

In value terms, China ($X) also remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Vietnam.

From 2012 to 2021, the average annual growth rate of value to China amounted to +27.4%.

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, jumping by 24% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 56%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +29.5% per year.

Medicaments Containing Penicillin Imports

Imports into Vietnam

For the third consecutive year, Vietnam recorded growth in purchases abroad of medicaments containing penicillins or derivatives thereof, which increased by 11% to X tons in 2021. In general, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 when imports increased by 232%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin imports contracted to $X in 2021. Over the period under review, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 280% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of medicaments containing penicillin to Vietnam, accounting for a 79% share of total imports. Moreover, medicaments containing penicillin imports from Thailand exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +105.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+108.3% per year) and China (+86.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Vietnam, comprising 82% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand amounted to +87.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+101.5% per year) and China (+57.1% per year).

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, reducing by -16.5% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+21.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :