Bangladesh: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Bangladesh

The Bangladeshi penicillins or streptomycins medicaments market rose slightly to $X in 2022, with an increase of 1.7% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.1% against 2019 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Bangladesh

In value terms, penicillins or streptomycins medicaments production rose slightly to $X in 2022 estimated in export price. Overall, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +9.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Bangladesh

Penicillins or streptomycins medicaments exports from Bangladesh expanded markedly to X tons in 2022, rising by 8.6% compared with the previous year. Overall, exports, however, continue to indicate a precipitous slump. The growth pace was the most rapid in 2015 with an increase of 971% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, penicillins or streptomycins medicaments exports rose remarkably to $X in 2022. In general, exports, however, faced a sharp setback. The growth pace was the most rapid in 2015 when exports increased by 617% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Tanzania (X tons) was the main destination for penicillins or streptomycins medicaments exports from Bangladesh, accounting for a 15% share of total exports. Moreover, penicillins or streptomycins medicaments exports to Tanzania exceeded the volume sent to the second major destination, the Philippines (X kg), threefold. The third position in this ranking was held by Guatemala (X kg), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tanzania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-28.5% per year) and Guatemala (-13.3% per year).

In value terms, Tanzania ($X), the Philippines ($X) and Guatemala ($X) appeared to be the largest markets for penicillins or streptomycins medicaments exported from Bangladesh worldwide, together accounting for 24% of total exports.

Tanzania, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, with an increase of 4.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 85%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (+38.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Bangladesh

For the fifth year in a row, Bangladesh recorded decline in overseas purchases of medicaments of penicillins, streptomycins or derivatives thereof, which decreased by -0.6% to X tons in 2022. In general, imports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of 161% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports rose sharply to $X in 2022. Overall, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 91%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of penicillins or streptomycins medicaments to Bangladesh, accounting for a 82% share of total imports. Moreover, penicillins or streptomycins medicaments imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from South Korea amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.9% per year) and Spain (-16.6% per year).

In value terms, South Korea ($X) constituted the largest supplier of medicaments of penicillins, streptomycins or derivatives thereof to Bangladesh, comprising 74% of total imports. The second position in the ranking was taken by Singapore ($X), with a 5.3% share of total imports. It was followed by Spain, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+28.9% per year) and Spain (-10.9% per year).

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, growing by 9.9% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments import price increased by +93.4% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 30% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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