Sri Lanka: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in Sri Lanka

In 2021, the Sri Lankan medicaments containing penicillin market decreased by -15.2% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a slight expansion. Medicaments containing penicillin consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from Sri Lanka

In 2021, shipments abroad of medicaments containing penicillins or derivatives thereof decreased by -62.5% to X kg, falling for the fourth year in a row after three years of growth. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 220% against the previous year. As a result, the exports attained the peak of X kg. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports fell notably to $X in 2021. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 277% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) and Singapore (X kg) were the main destinations of medicaments containing penicillin exports from Sri Lanka. Moreover, medicaments containing penicillin exports in the UK exceeded the figures recorded by the second-largest exporter, Singapore, twofold.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +8.0%).

In value terms, the UK ($X) remains the key foreign market for medicaments containing penicillins or derivatives thereof exports from Sri Lanka, comprising 90% of total exports. The second position in the ranking was taken by Singapore ($X), with a 9.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +18.3%.

Export Prices by Country

In 2021, the average medicaments containing penicillin export price amounted to $X per ton, which is down by -20.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, 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 the UK ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.7%).

Medicaments Containing Penicillin Imports

Imports into Sri Lanka

In 2021, approx. X tons of medicaments containing penicillins or derivatives thereof were imported into Sri Lanka; increasing by 5.8% on the year before. In general, imports recorded mild growth. The pace of growth appeared the most rapid in 2017 with an increase of 154% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, medicaments containing penicillin imports contracted markedly to $X in 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 275%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X tons) constituted the largest supplier of medicaments containing penicillin to Sri Lanka, accounting for a 71% share of total imports. Moreover, medicaments containing penicillin imports from Malaysia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. China (X kg) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.3% per year) and China (+9.8% per year).

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to Sri Lanka, comprising 69% of total imports. The second position in the ranking was held by India ($X), with a 10% share of total imports. It was followed by Malaysia, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.3% per year) and Malaysia (-2.4% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2021, reducing by -33.7% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 93%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+7.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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