Bangladesh: Chemical Contraceptive Preparations Market 2024

Chemical Contraceptive Preparations Market Size in Bangladesh

In 2021, the Bangladeshi chemical contraceptive preparations market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a sharp slump. Chemical contraceptive preparations consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Chemical Contraceptive Preparations Exports

Exports from Bangladesh

In 2021, shipments abroad of chemical contraceptive preparations based on hormones or spermicides increased by 19% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of 1,238% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, chemical contraceptive preparations exports rose sharply to $X in 2021. Over the period under review, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 2,345% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the near future.

Exports by Country

Nepal (X tons) was the main destination for chemical contraceptive preparations exports from Bangladesh, with a 61% share of total exports. Moreover, chemical contraceptive preparations exports to Nepal exceeded the volume sent to the second major destination, Sri Lanka (X tons), twofold. The third position in this ranking was held by Nigeria (X kg), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Nepal amounted to +54.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+50.2% per year) and Nigeria (-32.8% per year).

In value terms, Nepal ($X) emerged as the key foreign market for chemical contraceptive preparations based on hormones or spermicides exports from Bangladesh, comprising 73% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 21% share of total exports. It was followed by Nigeria, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nepal stood at +86.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+56.6% per year) and Nigeria (-53.2% per year).

Export Prices by Country

In 2021, the average chemical contraceptive preparations export price amounted to $X per ton, with a decrease of -4.8% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2015 when the average export price increased by 112% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belize ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chemical Contraceptive Preparations Imports

Imports into Bangladesh

In 2021, the amount of chemical contraceptive preparations based on hormones or spermicides imported into Bangladesh surged to X tons, picking up by 163% on the previous year. Overall, imports, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2018 when imports increased by 168% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, chemical contraceptive preparations imports surged to $X in 2021. Over the period under review, imports, however, faced a precipitous curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 286% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) was the main supplier of chemical contraceptive preparations to Bangladesh, accounting for a 93% share of total imports. It was followed by the United States (X kg), with a 1.6% share of total imports. The third position in this ranking was held by Germany (X kg), with a 0.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-39.8% per year) and Germany (-43.5% per year).

In value terms, India ($X) constituted the largest supplier of chemical contraceptive preparations based on hormones or spermicides to Bangladesh, comprising 65% of total imports. The second position in the ranking was held by the United States ($X), with a 4% share of total imports. It was followed by the Netherlands, with a 1% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to -26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-40.5% per year) and the Netherlands (-54.0% per year).

Import Prices by Country

The average chemical contraceptive preparations import price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price recorded a abrupt setback. The growth pace was the most rapid in 2018 an increase of 44%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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