Sri Lanka: Market for Other Medicaments For Therapeutic Or Prophylactic Uses 2025

Market Size for Other Medicaments For Therapeutic Or Prophylactic Uses in Sri Lanka

For the third year in a row, the Sri Lankan market for other medicaments for therapeutic or prophylactic uses recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption showed strong growth. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Exports of Other Medicaments For Therapeutic Or Prophylactic Uses

Exports from Sri Lanka

In 2022, overseas shipments of other medicaments for therapeutic or prophylactic uses decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when exports increased by X%. Over the period under review, the exports of hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of other medicaments for therapeutic or prophylactic uses plummeted to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X tons), the United Arab Emirates (X tons) and the UK (X tons) were the main destinations of exports of other medicaments for therapeutic or prophylactic uses from Sri Lanka, together comprising X% of total exports. Germany, France, Canada and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), the UK ($X) and Germany ($X) constituted the largest markets for other medicaments for therapeutic or prophylactic uses exported from Sri Lanka worldwide, together accounting for X% of total exports. France, the United Arab Emirates, Canada and Japan lagged somewhat behind, together accounting for a further X%.

France, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for other medicaments for therapeutic or prophylactic uses amounted to $X per ton, dropping by X% against the previous year. In general, the export price saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nepal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Medicaments For Therapeutic Or Prophylactic Uses

Imports into Sri Lanka

In 2022, approx. X tons of other medicaments for therapeutic or prophylactic uses were imported into Sri Lanka; growing by X% against 2021. Over the period under review, imports saw buoyant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of other medicaments for therapeutic or prophylactic uses surged to $X in 2022. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of other medicaments for therapeutic or prophylactic uses to Sri Lanka, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest other medicaments for therapeutic or prophylactic uses suppliers to Sri Lanka were India ($X), China ($X) and the United States ($X), with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for other medicaments for therapeutic or prophylactic uses stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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