Report Update Nov 1, 2024

Sri Lanka - Antibiotics - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Antibiotic Market 2024

Antibiotic Market Size in Sri Lanka

In 2021, after four years of growth, there was significant decline in the Sri Lankan antibiotic market, when its value decreased by -47.8% to $X. Over the period under review, consumption recorded a slight downturn. Antibiotic consumption peaked at $X in 2020, and then contracted sharply in the following year.

Antibiotic Exports

Exports from Sri Lanka

In 2021, approx. X kg of antibiotics were exported from Sri Lanka; declining by -91% on the previous year's figure. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 3,667% against the previous year. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, antibiotic exports dropped markedly to $X in 2021. Over the period under review, exports, however, saw strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 4,422% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

India (X kg) was the main destination for antibiotic exports from Sri Lanka, with a 93% share of total exports. Moreover, antibiotic exports to India exceeded the volume sent to the second major destination, Maldives (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +22.8%.

In value terms, India ($X) remains the key foreign market for antibiotics exports from Sri Lanka, comprising 97% of total exports. The second position in the ranking was held by Maldives ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to +16.2%.

Export Prices by Country

The average antibiotic export price stood at $X per ton in 2021, dropping by -44.1% against the previous year. Over the period under review, the export price recorded a deep downturn. The growth pace was the most rapid in 2019 when the average export price increased by 330%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Maldives totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-5.2%).

Antibiotic Imports

Imports into Sri Lanka

In 2021, supplies from abroad of antibiotics decreased by -59.4% to X tons, falling for the second consecutive year after three years of growth. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 45% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, antibiotic imports fell notably to $X in 2021. Over the period under review, imports, however, posted a slight expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 39%. Over the period under review, imports hit record highs at $X in 2020, and then dropped markedly in the following year.

Imports by Country

India (X tons), China (X tons) and Hong Kong SAR (X tons) were the main suppliers of antibiotic imports to Sri Lanka, together accounting for 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +12.1%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), India ($X) and Hong Kong SAR ($X) were the largest antibiotic suppliers to Sri Lanka, with a combined 88% share of total imports.

Hong Kong SAR, with a CAGR of +18.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average antibiotic import price stood at $X per ton in 2021, picking up by 39% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 China ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for antibiotics in the world?

China remains the largest antibiotic consuming country worldwide, comprising approx. 23% of total volume. Moreover, antibiotic consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with a 9% share.

What are the largest producers of antibiotics in the world?

The country with the largest volume of antibiotic production was China, comprising approx. 61% of total volume. Moreover, antibiotic production in China exceeded the figures recorded by the second-largest producer, the United States, eightfold. Switzerland ranked third in terms of total production with a 4.1% share.

What are the leading suppliers of antibiotics to Sri Lanka?

In value terms, China constituted the largest supplier of antibiotic to Sri Lanka, comprising 62% of total imports. The second position in the ranking was occupied by India, with a 30% share of total imports. It was followed by Hong Kong SAR, with a 0.9% share.

What are the leading importers of antibiotics from Sri Lanka?

In value terms, India $342) remains the key foreign market for antibiotic exports from Sri Lanka, comprising 96% of total exports. The second position in the ranking was occupied by Maldives $13), with a 3.7% share of total exports.

What is the average export price for antibiotics in Sri Lanka?

The average antibiotic export price stood at $14,910 per ton in 2021, reducing by -12.4% against the previous year.

What is the average import price for antibiotics in Sri Lanka?

The average antibiotic import price stood at $71,930 per ton in 2021, with an increase of 59% against the previous year.

This report provides an in-depth analysis of the antibiotic market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21105400 - Antibiotics

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023