China’s Antibiotic Exports Soar to Record $3.7B
IndexBox has just published a new report: ‘China – Antibiotics – Market Analysis, Forecast, Size, Trends And Insights‘. Here is a summary of the report’s key findings.
Antibiotic exports from China, the largest supplier worldwide, peaked at $3.7B in 2020. Over the past decade, China’s exports steadily grew at an average annual rate of +2.5%. India, the Netherlands and Viet Nam constitute the leading importers of antibiotics from China. Viet Nam recorded the highest growth rate of import value from China over the past decade. Last year, the average antibiotic export price amounted to $44,258 per tonne, increasing at an average annual rate of +4.4% from 2010 to 2020.
China’s Antibiotic Exports
In value terms, antibiotic exports rose from $3.6B in 2019 to $3.7B (IndexBox estimates) in 2020. The total export value increased at an average annual rate of +2.5% from 2010 to 2020.
In physical terms, antibiotic exports from China declined modestly from 100K tonnes in 2010 to 84K tonnes in 2020. Last year, exports waned by -4.2% on the previous year. China remains the world largest antibiotic exporter, accounting for 54% of the global volume.
India (23K tonnes) was the leading destination for antibiotic exports from China, accounting for a 27% share of total exports. Moreover, antibiotic exports to India exceeded the volume sent to the second major destination, the Netherlands (6.1K tonnes), fourfold. The third position in this ranking was occupied by Viet Nam (3.9K tonnes), with a 4.7% share.
In value terms, India ($986M) remains the key foreign market for antibiotic exports from China, comprising 27% of total exports. The second position in the ranking was occupied by the Netherlands ($216M), with a 5.8% share of total exports, and it was followed by Viet Nam, with a 3.9% share.
From 2010 to 2020, the average annual growth rate of value exported to India (+0.6% per year) was relatively modest. Exports to the other significant destinations recorded the following average annual rates of growth: the Netherlands (+7.4% per year) and Viet Nam (+8.4% per year).
In 2020, the average antibiotic export price amounted to $44,258 per tonne, increasing by +7.6% against the previous year. In general, the export price indicated a noticeable increase from 2010 to 2020, rising at an average annual rate of +4.4% over the last decade.
There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was South Korea ($80,132 per tonne), while the average price for exports to Indonesia ($28,191 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to the U.S., while the prices for the other significant destinations experienced more modest paces of growth.
Source: IndexBox Platform
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