Sri Lanka: Market for Medicaments Of Other Antibiotics 2022

Market Size for Medicaments Of Other Antibiotics in Sri Lanka

The Sri Lankan medicaments of other antibiotics market reduced dramatically to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a noticeable decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Exports of Medicaments Of Other Antibiotics

Exports from Sri Lanka

In 2021, shipments abroad of medicaments of other antibiotics decreased by -X% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, medicaments of other antibiotics exports rose remarkably to $X in 2021. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Venezuela (X tons) was the main destination for medicaments of other antibiotics exports from Sri Lanka, with a X% share of total exports. Moreover, medicaments of other antibiotics exports to Venezuela exceeded the volume sent to the second major destination, the Dominican Republic (X kg), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Venezuela was relatively modest.

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

Export Prices by Country

In 2021, the average medicaments of other antibiotics export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Venezuela 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 Dominican Republic (X%).

Imports of Medicaments Of Other Antibiotics

Imports into Sri Lanka

In 2021, approx. X tons of medicaments of other antibiotics were imported into Sri Lanka; shrinking by -X% on 2020 figures. Over the period under review, imports saw a drastic downturn. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, medicaments of other antibiotics imports fell notably to $X in 2021. In general, imports showed a noticeable decrease. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest medicaments of other antibiotics supplier to Sri Lanka, with a X% share of total imports. Moreover, medicaments of other antibiotics imports from India exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), fourfold. Pakistan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+X% per year) and Pakistan (+X% per year).

In value terms, the largest medicaments of other antibiotics suppliers to Sri Lanka were India ($X), Bangladesh ($X) and Indonesia ($X), with a combined X% share of total imports.

Bangladesh, with a CAGR of +X%, 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 medicaments of other antibiotics import price stood at $X per ton in 2021, waning by -X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, medicaments of other antibiotics import price increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2020, and then declined in the following year.

Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :