South-Eastern Asia: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in South-Eastern Asia

The Southeast Asian market for hormones, prostaglandins, thromboxanes and leukotrienes fell to $X in 2021, dropping by -8.4% against the previous year. Over the period under review, consumption continues to indicate a pronounced downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Hormones, Prostaglandins, Thromboxanes And Leukotrienes in South-Eastern Asia

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes production declined sharply to $X in 2021 estimated in export price. In general, production saw a pronounced contraction. The growth pace was the most rapid in 2016 when the production volume increased by 2,304% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports in South-Eastern Asia

In 2021, the amount of hormones, prostaglandins, thromboxanes and leukotrienes exported in South-Eastern Asia totaled X tons, with an increase of 4.3% compared with the previous year. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 29%. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports fell rapidly to $X in 2021. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 86% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Malaysia (X tons) was the key exporter of hormones, prostaglandins, thromboxanes and leukotrienes, constituting 57% of total exports. Singapore (X tons) ranks second in terms of the total exports with a 25% share, followed by Indonesia (17%).

From 2012 to 2021, average annual rates of growth with regard to hormones, prostaglandins, thromboxanes and leukotrienes exports from Malaysia stood at +14.0%. At the same time, Indonesia (+18.7%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +18.7% from 2012-2021. By contrast, Singapore (-10.0%) illustrated a downward trend over the same period. Malaysia (+39 p.p.) and Indonesia (+13 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -41.8% from 2012 to 2021, respectively.

In value terms, Singapore ($X) remains the largest hormones, prostaglandins, thromboxanes and leukotrienes supplier in South-Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports.

In Singapore, hormones, prostaglandins, thromboxanes and leukotrienes exports declined by an average annual rate of -13.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+9.9% per year) and Indonesia (+32.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per kg in 2021, shrinking by -58.2% against the previous year. In general, the export price faced a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the export price increased by 43%. The level of export peaked at $X per kg in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Singapore ($X per kg), while Indonesia ($X per kg) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+11.3%), while the other leaders experienced a decline in the export price figures.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded decline in purchases abroad of hormones, prostaglandins, thromboxanes and leukotrienes, which decreased by -11.3% to X tons in 2021. In general, imports showed a abrupt decline. The growth pace was the most rapid in 2014 with an increase of 38%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports rose notably to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of hormones, prostaglandins, thromboxanes and leukotrienes, namely Malaysia, the Philippines and Indonesia, represented more than two-thirds of total import. Thailand (X tons) held a 9.9% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (9.7%) and Vietnam (8.1%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of +16.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, with a combined 72% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +7.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the import price showed a prominent expansion. The pace of growth was the most pronounced in 2017 when the import price increased by 67%. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+17.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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