Prospects for the development of raw materials in China

1. The global pharmaceutical market is expected to maintain a growth rate of more than 8% in 2014, and the emerging pharmaceutical market is likely to maintain a greater growth rate. The international and domestic market demand for raw materials will continue to grow.
2. Many varieties of raw materials in China occupy a relatively high market share in the international market, and have obvious advantages in scale, which cannot be replaced by other countries in the short term.
3. Although due to the influence of multiple factors, the price of Chinese APIs has risen considerably, but these rising factors are rigid, and it is impossible to drop sharply in 2013 and affect the total export volume of China's APIs. Judging from the import of APIs in 2012, the average price has increased by 28.21%. In the case of global API prices generally rising, the comparative advantage of China's API prices still exists.
4. The efforts of Chinese companies to avoid homogeneous competition and develop specialty raw materials, and the efforts of many companies to target developed countries, actively pass high-end market certification, and continuously improve the quality of export products will expand the export space of Chinese raw materials.
5. The continuous promulgation and implementation of the country's export encouragement policy will also play an important role in promoting the export growth of raw materials.