Southern Asia: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Southern Asia

The South Asian medical gel preparations market stood at $X in 2022, rising by 2.6% against the previous year. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Medical Gel Preparations Production in Southern Asia

In value terms, medical gel preparations production expanded modestly to $X in 2022 estimated in export price. The total production indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 -3.0% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 16%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Medical Gel Preparations Exports

Exports in Southern Asia

In 2022, overseas shipments of gel preparations for human or veterinary medicine increased by 32% to X tons, rising for the fourth year in a row after two years of decline. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 52%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, medical gel preparations exports surged to $X in 2022. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 95%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

India dominates exports structure, amounting to X tons, which was near 93% of total exports in 2022. It was distantly followed by Bangladesh (X tons), creating a 6% share of total exports.

India was also the fastest-growing in terms of the gel preparations for human or veterinary medicine exports, with a CAGR of +10.5% from 2012 to 2022. Bangladesh (-2.8%) illustrated a downward trend over the same period. India (+14 p.p.) significantly strengthened its position in terms of the total exports, while Bangladesh saw its share reduced by -12.3% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest medical gel preparations supplier in Southern Asia, comprising 95% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 2.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to +15.5%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, with an increase of 4.6% against the previous year. In general, the export price saw a strong expansion. The growth pace was the most rapid in 2014 when the export price increased by 81% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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 Bangladesh totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.6%).

Medical Gel Preparations Imports

Imports in Southern Asia

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported in Southern Asia; growing by 42% against the previous year. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 205% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, medical gel preparations imports skyrocketed to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 594% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

India was the largest importing country with an import of about X tons, which resulted at 49% of total imports. It was distantly followed by Sri Lanka (X tons) and Nepal (X tons), together creating a 44% share of total imports. Bangladesh (X tons) and Maldives (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +20.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported gel preparations for human or veterinary medicine in Southern Asia, comprising 81% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 6.4% share of total imports. It was followed by Bangladesh, with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +14.1%. In the other countries, the average annual rates were as follows: Sri Lanka (+11.0% per year) and Bangladesh (-4.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, which is down by -5.3% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 178% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+11.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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