Trade Analysis and expectation of Chinese traditional medicine products in 2014

Source: pharmaceutical economic news April 24, 2015 slowdown is an inevitable key word in the development of China's Pharmaceutical Foreign Trade in 2014, which just fits the new normal characteristics of China's economy: growth enters the shift period, from high growth rate to medium high growth rate As an indispensable part of China's pharmaceutical foreign trade, the growth rate of foreign trade of traditional Chinese medicine products has gradually slowed down, but the pace is more stable, and a series of factors, investment and innovation drivers have been launched According to the statistics of China Customs, in 2014, the import and export volume of traditional Chinese medicine products reached 4.63 billion US dollars, a year-on-year increase of 9.79%, a big gap compared with the year-on-year increase of 25.06% in 2013 Among them, exports amounted to US $3.592 billion, up 14.49% year on year, imports amounted to US $1.038 billion, down 3.84% year on year, both lower than the same period of previous years Although the growth rate of each category is different, the import and export volume has maintained a positive year-on-year growth, and the overall development of the industry is positive and stable The export trend is good In 2014, the export of traditional Chinese medicine products reached US $3.592 billion, up 14.49% year on year Among them, the performance of plant extracts is very eye-catching, with a year-on-year growth rate of 25.88%, and the export volume hit a new high of $1.777 billion, which is mainly affected by the recovery of traditional market, among which stevia, cinnamon oil, rutin and marigold extracts and other advantageous varieties are indispensable, and the export volume has achieved a significant growth, especially cinnamon oil extracts, with a year-on-year growth rate of nearly 271.55% And become the main driving force of market growth In addition, rutin extract also performed well, with the export volume increasing nearly 50% year on year The export of health care products also performed well, with the export volume reaching US $270 million, a year-on-year increase of 8.90%, and the growth of export volume became the main driving factor The annual export volume of Chinese herbal medicine and decoction pieces was US $1.295 billion, up 6.91% year on year, relatively stable Chinese patent medicine is the only category of traditional Chinese medicine products with a year-on-year decline in exports, with a year-on-year decline of 6.25% to US $250 million EU is an important market of Chinese patent medicine, but since May 2011, the export of Chinese patent medicine to EU has been in a low state, which to some extent also dampens the enthusiasm of Chinese patent medicine enterprises Imports were slightly weak In 2014, imports of traditional Chinese medicine products reached US $1.038 billion, down 3.84 percentage points year on year, which was significantly different from the growth rate of 23.25% in the same period of 2013 The sharp decline in the number of imports was the main reason for the weakness Data shows that, except for Chinese patent medicine, the import volume of other major categories of traditional Chinese medicine products fell by more than 20%, and that of traditional Chinese medicine, decoction pieces and health care products fell by nearly 30% In terms of varieties, imports of Chinese patent medicine, Chinese herbal medicine and decoction pieces kept growing, with imports of 337 million US dollars and 226 million US dollars, up 14.65% and 2.78% year-on-year; imports of health care products fell slightly, with imports of 169 million US dollars, down 4.57% year-on-year Although the number of imports fell significantly, the overall performance was unsatisfactory due to its price rising by more than 30%; accounting for imports 29.46% of the import price of plant extracts fell, and only US $306 million came in, down more than 20% Traditional market position is stable In 2014, China had trade with 173 countries and regions in traditional Chinese medicine Asia ranked first in the export of traditional Chinese medicine, accounting for 63.29% of China's export of traditional Chinese medicine China's export of traditional Chinese medicine to Asian countries and regions reached US $2.273 billion, up 14.3% year on year Among them, Hong Kong, Japan, South Korea, India and Indonesia are the main target markets, accounting for nearly 50% of the total exports to Asia Hong Kong continues to be the champion of traditional Chinese medicine export, with export volume of 691 million US dollars, down 1.73 percentage points, accounting for 19.25% It is gratifying that the Japanese market began to recover In 2014, China's exports to Japan reached 528 million US dollars, with a year-on-year growth rate of 16.33%, a change from the previous year's sharp decline In addition, the United States has been among the top three markets of Chinese traditional medicine export for many years in a row, and its annual performance is also remarkable Last year, Chinese traditional medicine export to the United States reached 469 million US dollars, an increase of 7.30% year-on-year, accounting for 13.05% of Chinese traditional medicine export The "one belt, one Road Silk Road Economic Belt", which was proposed by the party in the third Plenary Session of the 18th CPC Central Committee, has brought a new historical opportunity for the development of the international market of Chinese medicine, which is the major strategic conception of the "Silk Road Economic Belt" and "the 21 World Maritime Silk Road Economic Belt" One belt, one road and one belt, one road, has been increasing in total import and export trade since 2008 In 2008, the trade volume of Chinese medicine and "one belt and one way" national Chinese medicine trade was 781 million US dollars This figure climbed to 2 billion 543 million US dollars in 2014, an increase of 2.26 times In 2014, one belt, one road, the export of Chinese traditional medicine products in the country and region was 1 billion 939 million US dollars, up 22.79% over the same period, and imports of US $613 million, down 8.63% compared with the same period last year One belt, one road, one belt, one road, the most demand for Chinese medicine products is northeast Asia and the country, accounting for 38.22% of the total exports of the "one belt and one way" country and region, especially Japan, which reaches up to 528 million US dollars, and the export products are mainly extracts, Chinese herbal medicines and pieces The imports of traditional Chinese medicine products are mainly from Europe and South Asia, accounting for 33.93% and 18.60% respectively.