ASEAN: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in ASEAN

The ASEAN medicaments containing vitamins market dropped modestly to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Medicaments Containing Vitamins Production in ASEAN

In value terms, medicaments containing vitamins production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Medicaments Containing Vitamins Exports

Exports in ASEAN

Medicaments containing vitamins exports fell to X tons in 2022, which is down by X% compared with 2021. Over the period under review, exports showed a perceptible downturn. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins exports dropped dramatically to $X in 2022. In general, exports recorded a slight reduction. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Thailand (X tons), Indonesia (X tons), Vietnam (X tons) and Singapore (X tons) was the major exporter of medicaments containing vitamins and provitamins in ASEAN, mixing up X% of total export. It was distantly followed by the Philippines (X tons), achieving an X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Indonesia ($X) remains the largest medicaments containing vitamins supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

In Indonesia, medicaments containing vitamins exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The level of export peaked at $X per ton in 2021, and then reduced in the following year.

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 ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Medicaments Containing Vitamins Imports

Imports in ASEAN

In 2022, approx. X tons of medicaments containing vitamins and provitamins were imported in ASEAN; falling by X% on the year before. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing vitamins imports dropped modestly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The Philippines represented the key importing country with an import of around X tons, which recorded X% of total imports. Thailand (X tons) held the second position in the ranking, followed by Vietnam (X tons), Myanmar (X tons) and Malaysia (X tons). All these countries together took approx. X% share of total imports. Indonesia (X tons) and Singapore (X tons) followed a long way behind the leaders.

The Philippines was also the fastest-growing in terms of the medicaments containing vitamins and provitamins imports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%) and Singapore (X%) displayed positive paces of growth. Indonesia experienced a relatively flat trend pattern. By contrast, Vietnam (X%), Malaysia (X%) and Myanmar (X%) illustrated a downward trend over the same period. The Philippines (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while Malaysia, Vietnam and Myanmar saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest medicaments containing vitamins importing markets in ASEAN were the Philippines ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total imports.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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