Malaysia: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Malaysia

In 2022, the Malaysian medicaments containing corticosteroid hormones market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a resilient increase. Medicaments containing corticosteroid hormones consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Malaysia

In value terms, medicaments containing corticosteroid hormones production dropped rapidly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt decrease. The growth pace was the most rapid in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Exports of Medicaments Containing Corticosteroid Hormones

Exports from Malaysia

In 2022, shipments abroad of medicaments containing corticosteroid hormones decreased by X% to X tons, falling for the third year in a row after two years of growth. In general, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones exports declined slightly to $X in 2022. Overall, exports showed a perceptible downturn. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sri Lanka (X tons), Thailand (X tons) and Singapore (X tons) were the main destinations of medicaments containing corticosteroid hormones exports from Malaysia, together accounting for X% of total exports. Cambodia, Myanmar, Hong Kong SAR, Djibouti, Brunei Darussalam, Australia and Vietnam lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Myanmar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for medicaments containing corticosteroid hormones exported from Malaysia were Thailand ($X), Sri Lanka ($X) and Cambodia ($X), with a combined X% share of total exports. Singapore, Myanmar, Djibouti, Brunei Darussalam, Hong Kong SAR, Australia and Vietnam lagged somewhat behind, together comprising a further X%.

Myanmar, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average medicaments containing corticosteroid hormones export price stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price, however, showed a slight reduction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Malaysia

In 2022, purchases abroad of medicaments containing corticosteroid hormones increased by X% to X tons, rising for the sixth year in a row after two years of decline. Over the period under review, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, medicaments containing corticosteroid hormones imports amounted to $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Sweden (X tons) constituted the largest medicaments containing corticosteroid hormones supplier to Malaysia, accounting for a X% share of total imports. Moreover, medicaments containing corticosteroid hormones imports from Sweden exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Germany (X% per year).

In value terms, Sweden ($X), Belgium ($X) and Germany ($X) appeared to be the largest medicaments containing corticosteroid hormones suppliers to Malaysia, with a combined X% share of total imports.

Sweden, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medicaments containing corticosteroid hormones import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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