Bangladesh: Market for Medicaments Containing Corticosteroid Hormones 2024

Market Size for Medicaments Containing Corticosteroid Hormones in Bangladesh

In 2021, the Bangladeshi medicaments containing corticosteroid hormones market increased by 4.1% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, saw a pronounced downturn. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Medicaments Containing Corticosteroid Hormones in Bangladesh

In value terms, medicaments containing corticosteroid hormones production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2015 with an increase of 34% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Medicaments Containing Corticosteroid Hormones

Exports from Bangladesh

In 2021, after two years of decline, there was significant growth in shipments abroad of medicaments containing corticosteroid hormones, when their volume increased by 14% to X tons. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 288%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, medicaments containing corticosteroid hormones exports soared to $X in 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 264%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Kenya (X tons) was the main destination for medicaments containing corticosteroid hormones exports from Bangladesh, accounting for a 63% share of total exports. Moreover, medicaments containing corticosteroid hormones exports to Kenya exceeded the volume sent to the second major destination, Ethiopia (X tons), fourfold. Nepal (X tons) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kenya amounted to +73.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+37.2% per year) and Nepal (+10.2% per year).

In value terms, Kenya ($X) remains the key foreign market for medicaments containing corticosteroid hormones exports from Bangladesh, comprising 31% of total exports. The second position in the ranking was taken by Nepal ($X), with a 14% share of total exports. It was followed by the Philippines, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kenya stood at +72.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+31.0% per year) and the Philippines (+34.3% per year).

Export Prices by Country

In 2021, the average medicaments containing corticosteroid hormones export price amounted to $X per ton, jumping by 63% against the previous year. In general, the export price, however, saw a noticeable descent. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Honduras ($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 Nepal (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Containing Corticosteroid Hormones

Imports into Bangladesh

In 2021, imports of medicaments containing corticosteroid hormones into Bangladesh skyrocketed to X tons, jumping by 155% on the previous year's figure. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing corticosteroid hormones imports skyrocketed to $X in 2021. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), India (X tons) and Belgium (X tons) were the main suppliers of medicaments containing corticosteroid hormones imports to Bangladesh, with a combined 66% share of total imports. The Netherlands, Singapore, Spain, the United States, South Korea, France and Italy lagged somewhat behind, together comprising a further 32%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +136.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Germany ($X) constituted the largest medicaments containing corticosteroid hormones suppliers to Bangladesh, with a combined 49% share of total imports.

In terms of the main suppliers, the United States, with a CAGR of +111.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medicaments containing corticosteroid hormones import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments containing corticosteroid hormones import price increased by +45.3% against 2019 indices. The growth pace was the most rapid in 2014 when the average import price increased by 118% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+20.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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