Southern Asia: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Southern Asia

For the third year in a row, the South Asian medicaments containing vitamins market recorded decline in sales value, which decreased by -6% to $X in 2021. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.7% against 2018 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Medicaments Containing Vitamins Production in Southern Asia

In value terms, medicaments containing vitamins production totaled $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. The level of production peaked at $X in 2018; afterwards, it flattened through to 2021.

Medicaments Containing Vitamins Exports

Exports in Southern Asia

In 2021, after three years of decline, there was significant growth in overseas shipments of medicaments containing vitamins and provitamins, when their volume increased by 57% to X tons. The total export volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, medicaments containing vitamins exports expanded sharply to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 14%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

India dominates exports structure, resulting at X tons, which was near 98% of total exports in 2021. Pakistan (X tons) held a little share of total exports.

Exports from India increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Pakistan (+4.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +4.3% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest medicaments containing vitamins supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India was relatively modest.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, declining by -28% against the previous year. Over the period under review, the export price showed a perceptible decline. The pace of growth appeared the most rapid in 2020 when the export price increased by 11% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank significantly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.3%).

Medicaments Containing Vitamins Imports

Imports in Southern Asia

Medicaments containing vitamins imports shrank to X tons in 2021, with a decrease of -9.9% on the previous year's figure. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.9% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 39% against the previous year. The volume of import peaked at X tons in 2020, and then dropped in the following year.

In value terms, medicaments containing vitamins imports reduced markedly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 106%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Afghanistan was the key importing country with an import of about X tons, which finished at 53% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 22% share, followed by Nepal (9.2%) and Sri Lanka (6.8%). The following importers - Pakistan (X tons), Maldives (X tons) and India (X tons) - together made up 9.3% of total imports.

From 2012 to 2021, average annual rates of growth with regard to medicaments containing vitamins imports into Afghanistan stood at +4.5%. At the same time, Bangladesh (+42.3%), Maldives (+12.1%) and Sri Lanka (+6.8%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +42.3% from 2012-2021. By contrast, India (-2.3%), Nepal (-3.8%) and Pakistan (-5.3%) illustrated a downward trend over the same period. While the share of Bangladesh (+20 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-1.9 p.p.), Afghanistan (-2.5 p.p.), Pakistan (-6.7 p.p.) and Nepal (-11.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), India ($X) and Bangladesh ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 66% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +24.9%, saw the highest growth rate of 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

In 2021, the import price in Southern Asia amounted to $X per ton, reducing by -20.7% against the previous year. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 71% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+7.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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