Republic of Korea - Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Penicillins or Streptomycins Medicaments in South Korea - 2022
Contents:
- Price for Penicillins or Streptomycins Medicaments in South Korea (FOB) - 2022
- Price for Penicillins or Streptomycins Medicaments in South Korea (CIF) - 2022
- Exports of Penicillins or Streptomycins Medicaments in South Korea
- Imports of Penicillins or Streptomycins Medicaments in South Korea
Price for Penicillins or Streptomycins Medicaments in South Korea (FOB) - 2022
The average penicillins or streptomycins medicaments export price stood at $59,518 per ton in December 2022, picking up by 20% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in March 2022 an increase of 28% month-to-month. As a result, the export price reached the peak level of $68,075 per ton. From April 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Japan ($75,086 per ton), while the average price for exports to Pakistan ($12,730 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Penicillins or Streptomycins Medicaments in South Korea (CIF) - 2022
The average penicillins or streptomycins medicaments import price stood at $66,391 per ton in 2022, declining by -8% against the previous year. In general, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs at $78,220 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($131,399 per ton), while the price for France ($14,426 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Penicillins or Streptomycins Medicaments in South Korea
After three years of growth, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof decreased by -7.5% to 479 tons in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.9% against the previous year. As a result, the exports attained the peak of 518 tons, and then contracted in the following year.
In value terms, penicillins or streptomycins medicaments exports reduced markedly to $29M in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 19%.
| Export of Penicillins or Streptomycins Medicaments in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 20.9 | 25.1 | 30.9 | 23.9 | 4.6% |
| Bangladesh | 0.5 | 0.5 | 0.5 | 1.6 | 47.4% |
| Vietnam | 1.5 | 1.9 | 1.5 | 1.5 | 0.0% |
| Pakistan | 0.7 | 0.7 | 0.6 | 0.9 | 8.7% |
| Myanmar | 1.2 | 1.5 | N/A | 0.1 | -56.3% |
| Others | 1.2 | 1.2 | 1.0 | 0.8 | -12.6% |
| Total | 25.9 | 30.8 | 34.4 | 28.8 | 3.6% |
Top Export Markets for Penicillins or Streptomycins Medicaments from South Korea in 2022:
- Japan (315.0 tons)
- Bangladesh (52.7 tons)
- Pakistan (49.6 tons)
- Vietnam (45.0 tons)
- Myanmar (2.7 tons)
Imports of Penicillins or Streptomycins Medicaments in South Korea
For the third year in a row, South Korea recorded decline in overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof, which decreased by -5.8% to 128 tons in 2022. In general, imports showed a abrupt downturn.
In value terms, penicillins or streptomycins medicaments imports contracted to $8.5M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 23%. As a result, imports attained the peak of $9.9M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Penicillins or Streptomycins Medicaments in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.5 | 7.1 | 7.4 | 7.4 | 10.4% |
| Italy | 0.6 | 0.4 | 0.2 | 0.3 | -20.6% |
| France | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| China | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Belgium | 1.2 | 1.8 | 1.5 | N/A | 11.8% |
| Others | 0.4 | 0.3 | 0.5 | 0.5 | 7.7% |
| Total | 8.1 | 9.9 | 9.8 | 8.5 | 1.6% |
Top Suppliers of Penicillins or Streptomycins Medicaments to South Korea in 2022:
- United Kingdom (108.6 tons)
- France (11.9 tons)
- Italy (2.6 tons)
- China (2.2 tons)
This report provides an in-depth analysis of the market for penicillins or streptomycins medicaments in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21201160 - Medicaments of penicillins, streptomycins or derivatives thereof, in doses or p.r.s.
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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