Bangladesh: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Bangladesh

The Bangladeshi medicaments containing penicillin market soared to $X in 2021, rising by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption enjoyed a temperate increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from Bangladesh

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof increased by 119% to X kg, rising for the fifth year in a row after four years of decline. Overall, exports saw modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 155%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, medicaments containing penicillin exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate measured growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Sudan (X kg) was the main destination for medicaments containing penicillin exports from Bangladesh, with a 67% share of total exports. Moreover, medicaments containing penicillin exports to Sudan exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X kg), twofold.

From 2012 to 2021, the average annual growth rate of volume to Sudan totaled -1.4%.

In value terms, Sudan ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Bangladesh, comprising 96% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Sudan amounted to +4.9%.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2021, falling by -31.1% against the previous year. Over the period under review, the export price, however, posted a mild increase. The growth pace was the most rapid in 2014 when the average export price increased by 105%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Bosnia and Herzegovina stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (+6.4%).

Medicaments Containing Penicillin Imports

Imports into Bangladesh

In 2021, after two years of decline, there was significant growth in overseas purchases of medicaments containing penicillins or derivatives thereof, when their volume increased by 21% to X tons. Over the period under review, imports, however, saw a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of 165% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, medicaments containing penicillin imports surged to $X in 2021. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 464% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of medicaments containing penicillin to Bangladesh, accounting for a 65% share of total imports. Moreover, medicaments containing penicillin imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Slovenia (X kg), with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+40.4% per year) and Slovenia (-15.6% per year).

In value terms, Germany ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Bangladesh, comprising 71% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Slovenia, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+46.1% per year) and Slovenia (-18.0% per year).

Import Prices by Country

In 2021, the average medicaments containing penicillin import price amounted to $X per ton, surging by 8.1% against the previous year. Over the period under review, the import price continues to indicate buoyant growth. The growth pace was the most rapid in 2014 an increase of 112%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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 Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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