Southern Asia: Biological Product Market 2024

Biological Product Market Size in Southern Asia

The South Asian biological product market shrank to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2013 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Biological Product Production in Southern Asia

In value terms, biological product production dropped slightly to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Biological Product Exports

Exports in Southern Asia

In 2022, after three years of growth, there was significant decline in overseas shipments of biological products, when their volume decreased by X% to X tons. Overall, exports saw a slight slump. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.

In value terms, biological product exports reduced dramatically to $X in 2022. In general, exports, however, continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then shrank sharply in the following year.

Exports by Country

India dominates exports structure, recording X tons, which was near X% of total exports in 2022. Sri Lanka (X tons) took a little share of total exports.

India experienced a relatively flat trend pattern with regard to volume of exports of biological products. At the same time, Sri Lanka (X%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of India and Sri Lanka increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest biological product supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

In India, biological product exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, with an increase of X% against the previous year. Export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biological product export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while Sri Lanka totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%).

Biological Product Imports

Imports in Southern Asia

In 2022, the amount of biological products imported in Southern Asia declined dramatically to X tons, which is down by X% against the previous year. Overall, imports showed a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then shrank significantly in the following year.

In value terms, biological product imports dropped notably to $X in 2022. Over the period under review, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted remarkably in the following year.

Imports by Country

In 2022, India (X tons) represented the main importer of biological products, committing X% of total imports. It was distantly followed by Bangladesh (X tons), Afghanistan (X tons), Pakistan (X tons) and Sri Lanka (X tons), together achieving a X% share of total imports. Nepal (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported biological products in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a X% share of total imports. It was followed by Afghanistan, with a X% share.

In India, biological product imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Afghanistan (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price showed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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