In recent years, as a result of the unrelenting expansion of the pharmaceutical business, the pharmaceutical trade export has emerged as a primary area of worry for the sector. The export market showed signs of major polarization, established markets remained stagnant, while the demand in developing markets was robust. According to the figures that are pertinent to the topic, during the first half of this year, the amount of pharmaceutical items that China exported to established markets like Europe, the United States, Japan, and other countries increased by 3.27 percent. It had a market share of 55.26 percent for exports, which was a reduction of 2 percentage points when compared to the same time period the previous year. The long-term trend of double-digit growth in China’s pharmaceutical and dressing exports has come to a halt, and growth since then has been a meager 1.01 percent. As of right now, according to an examination of the most fundamental data, the China medical dressing industry as a whole revealed the characteristics of having a limited market size and product homogeneity; the industry concentration degree is low; and the value-added is not particularly high. Along with an increase in the degree of competition in the market, the level of competition among businesses has become more focused on the aspect of price competition, and the industry is now at the stage of low level competition. However, distinctive API exports expanded at a quick pace, and formulations exports are going to usher in a time of rapid expansion. According to some estimates, exports of China’s distinctive API reached $1.067 billion in the first half of the year, representing an 11.23 percent increase from the same period a year earlier. Additionally, more than eighty percent of the market was primarily accounted for by exporting to the countries of India, the United States, the European Union, Japan, and South Korea. During the first six months of this year, the value of western medicine preparation exports was $1,357,000,000,000, representing a 7.93 percent increase over the previous year. It is anticipated that the exports of pharmaceutical preparations will herald in a new era of brisk expansion in the second half of this year. In the expanding market for exports, the rate of expansion of Chinese medicine exports is the one that is accelerating the fastest. The value of total exports reached $491 million, representing a 22.49 percent increase. The majority of these gains may be attributed to an increase in the export of herbal medicine and extracts originating from China. Among them, local prices of Chinese herbal medicine have been steadily increasing over the last two years. However, in the past year, consumers from other countries lowered the amount of herbal medication they bought, particularly those from Japan, South Korea, and the other Asean countries. as a consequence of which there was a decrease in inventories during the first half of this year, which resulted in a rise in the buy quantity, which in turn increased the purchase quantity, and it will encourage the prices are additional increases simultaneously. Prices paid for Chinese exports and the number of goods sent out of the country saw respective increases of 30.44 and 8.24 percent during the first half of the year when compared to the same time in the previous year. In the second half, we anticipate that it will continue to be in the same advantageous position as it was in the first half. A large number of local pharmaceutical businesses are pessimistic about this circumstance; yet, they have chosen the appropriate path, and they are preparing to join the market. and continue to work toward optimizing the export structure, with the end goal of efficiently supporting the development of exports of items derived from Chinese medicine. rongda pharm & chem co., ltd. is primarily engaged in the research and development of pharmaceutical chemicals, as well as the manufacturing and marketing of fine chemicals, pharma intermediates, and pharm chemicals, in addition to agrochemicals. With the philosophy “to be honest, quality first, credit as our life,” we will always do our very best to serve our customers with products that are of the highest possible standard. We extend a hearty welcome to our friends from near and far who are interested in working with us.
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