Allopathic Medicines Import in Indonesia: A Comprehensive Exploration

Key Summary:

• Indonesia's pharmaceutical market was worth IDR 141.6 billion (USD 10.11 billion) in 2021 and is expected to top $4.5 billion by 2028.

• As per Allopathic Medicines Import Data, the imports in 2022 totaled $4.36 billion, a modest decrease from 2021.

• The United States and China are the top importers of allopathic drugs in Indonesia.

• Indonesia exported the majority of its pharmaceutical products to the Philippines.

• The major importers of allopathic drugs into Indonesia are the United States, Germany, Belgium, Switzerland, and France.

• There are 27 active medicinal medication importers in Indonesia, with PT SOHO INDUSTRI PHARMASI accounting for the majority of imports.

• The HS code for allopathic drugs is 3004, which includes medications for therapeutic or prophylactic purposes.
   

Did you know? The allopathic medicine business is vital to the Indonesian economy. Knowing that the changing nature of allopathic medicine imports in Indonesia is a critical component that can help alter your pharmaceutical industry. Obtaining Indonesian pharmaceutical import market statistics allows you to identify prospective possibilities and risks. In this post, we will discuss critical components of the pharmaceutical import market and the most recent allopathic medicines import data.

How big is the pharmaceutical industry in Indonesia?

With its large population and expanding healthcare demands, Indonesia heavily relies on pharmaceutical imports to meet the demand for critical pharmaceuticals and healthcare items. The allopathic sector in Indonesia has overgrown, attracting domestic and international players. Indonesia's contribution as one of the pioneers is noteworthy. It is because Indonesia, with a population of 260 million, is one of Asia's fastest-growing pharmaceutical marketplaces. 

Explore the table below for Allopathic Medicines Import Data!

According to Indonesia Trade data, with a market value of approximately IDR 141.6 billion, or USD 10.11 billion in 2021, Indonesia is the largest pharmaceutical market in ASEAN.

The pharmaceutical market was valued at 2.6 billion dollars in 2022 and is predicted to grow to more than 4.5 billion by 2028. According to Allopathic Medicines trade data, Indonesia imported around US$4.36 billion of pharmaceutical items in 2022. It marks a modest decrease from last year when imports totaled US$4.42 billion.

Allopathic Medicines Imported in Indonesia: A Brief Overview

As per Allopathic Medicines Import Data, Indonesia imported about 16.2 percent of its pharmaceutical items from the United States In 2022. China followed with approximately 13.6%. On the other hand, the Philippines received most of Indonesia's pharmaceutical product exports. The value of Indonesia's allopathic medicine imports has risen considerably in recent years. In 2021, it reached USD 12.24 billion; in 2022, it increased to USD 13.79 billion.

Import Destinations for Allopathic Medicines in Indonesia:

According to Allopathic Medicines Importers Data, the top 5 allopathic medicine importers are:

• United States ($145 billion).

• Germany ($76.6 billion).

• Belgium ($44 billion).

• Switzerland ($40.2 billion).

• France ($ 34.9 billion)
   

Let’s explore the table for allopathic medicine importers!

Many countries import substantial pharmaceuticals to meet their population's demands. The United States is the world's top pharmaceutical importer due to its enormous population and high healthcare spending levels. Germany, Belgium, Switzerland, and France are the biggest allopathic importers due to their robust healthcare standards and economies.

Finally, the import of allopathic drugs contributes significantly to satisfying the Indonesian population's health care demands. While this dependency presents issues, it also allows Indonesia to enhance access to crucial medicines and strengthen its domestic pharmaceutical industry. Also, it is critical to analyze Indonesia’s market reports, which include pharmaceutical import data or allopathic medicines import data.

Point to be Noted:

• According to Allopathic Medicines Import Data, In the Indonesia Medicine Drug Buyers & Importers list, there are 27 active medicine drug importers in Indonesia, importing from 16 suppliers.

• PT SOHO INDUSTRI PHARMASI had the largest import market share with 24 shipments.

Allopathic medicines: HS code for Import and Export

As we know, HS codes are significant for traders entering the import and export industry. Traders can analyze specific HS codes as per their requirements. Here is the Allopathic Medicines Hs Code:

So, Indonesia's pharmaceutical import export data solutions are tailored to your specific quality, volume, seasonality, and location requirements. Along with this, we assist you in obtaining thorough information on important export and import sectors, such as updated HS codes, product descriptions, duty, quantity, price, etc.

Top Allopathic Medicines Importers in Indonesia:

These are the top importers of allopathic medicine products in Indonesia:

• eWorldTrade

• Tempo Scan Pacific

• Kimia Farma

• Darya-Varia Laboratoria

• Merck

• Indofarma

• Sanbe Farma

• Kalbe Farma
   

The above list illustrates the diversified landscape of allopathic medicine importers in Indonesia, which includes worldwide firms such as Merck, domestic giants such as Kalbe Farma, and specialized distributors such as eWorldTrade. This diversity reflects the dynamic nature of the Indonesian pharmaceutical sector, fueled by a significant population, increased healthcare access, and government backing.

The Importance of Medicine Raw Material Import Data

Businesses may benefit from importing pharmaceutical items in various ways, including increased product availability, cost-effectiveness, and the ability to satisfy market demands. 

However, it isn't easy to make informed decisions without trustworthy data. Identifying critical raw materials and their import sources aids in detecting future shortages and disruptions in pharmaceutical production, allowing for proactive efforts to ensure continued supply. Analyzing import trends and prices aids in determining the affordability and prospective price changes of finished medications, hence informing drug pricing and healthcare access policies.

Here's where pharmaceutical import data comes in. Traders can acquire insights into import trends, top importers, product categories, market fluctuations, market trends, HS codes, and other information by using Indonesia TradeData.com's comprehensive and accurate importer data. Indonesia's allopathic medicines import data gives organizations access to importer data, allowing them to analyze importers' profiles, track their importing activity, and form profitable partnerships.

Also read:- Emerging Markets and Opportunities for Pharmaceutical Export From India

How to find Allopathic Medicines Import Data?

To obtain accurate and up-to-date allopathic medicines import data or HS codes for pharmaceutical items, go to Indonesia Trade Data.com and access the real-time pharma products database. We provide Indonesia import and export data, including HS codes. 

In conclusion, as Indonesia invests in healthcare and pharmaceuticals, the industry is prepared for expansion and innovation. Overcoming regulatory difficulties and capitalizing on market opportunities will be critical to pharmaceutical importers' success in Indonesia's changing healthcare environment. Contact our business consultants if you need help locating allopathic importers data. We have considerable industry expertise and can assist you in identifying potential buyers and expanding your international trade business. So, what are you waiting for? Book your free live demo today!

Frequently Asked Questions(FAQ's)

1. Who are the top 5 importers of pharmaceuticals?

According to pharmaceutical import data, the top importers of pharmaceutical products are the United States ($145 billion), Germany ($76.6 billion), Belgium ($44 billion), Switzerland ($40.2 billion), and France ($34.9 billion).

2. Who is the largest importer of pharmaceuticals in Indonesia?

As per Indonesia Trade Data,the top 10 importers of pharmaceutical products in Indonesia are:

• Sanbe Farma

• Kalbe Farma

• Tempo Scan Pacific

• Kimia Farma

3. How big is the pharmaceutical industry in Indonesia?

With a market value of approximately IDR 141.6 billion, or USD 10.11 billion in 2021, Indonesia is the biggest pharmaceutical market in ASEAN.

4. What is the pharmaceutical market outlook for Indonesia in 2023?

According to Indonesia Trade Data, Indonesia's GDP is predicted to grow by 4.8% in 2023 and 5.0% in 2024 as the commodity boom fades and domestic demand normalizes. 

5. What are the top 3 supplier countries for allopathic? 

• The United States leads in innovation and output.

• China is rapidly growing its worldwide pharmaceutical markets.

• Germany is known for its high-quality medications.

6. What are the top 3 Importing countries for allopathic?

As per the allopathic importers data, the United States, Germany and Belgium are the three importing countries for allopathic.

7. Who is the largest importer of pharmaceuticals?

Based on Allopathic Medicines Import Data, the leading importers of pharmaceutical products were the United States ($168 billion), Germany ($71.1 billion), Switzerland ($48.5 billion), Belgium ($46.9 billion), and China ($37.4 billion) in 2022.

8. Which Medicine raw materials products are imported from Indonesia?

Polyphthalamide, Acrylonitrile Styrene Acrylate, Phenolic Moulding Compound, Starex Asa Resin, and Victrex Peek Polymer are some of the most common products made from raw ingredients in medicine.

9. How can I obtain import market intelligence for medicine raw materials?

Seair Exim Solutions provides Indonesia Medicine raw materials import market intelligence for the past ten years, including buyer, supplier, price, and volume.