Report Update: Apr 1, 2024

Bangladesh - Medicaments Containing Vitamins And Provitamins - Market Analysis, Forecast, Size, Trends And Insights

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Medicaments Containing Vitamins Price in Bangladesh - 2022

Medicaments Containing Vitamins Price in Bangladesh (CIF) - 2022

In 2022, the average medicaments containing vitamins import price amounted to $9,904 per ton, growing by 4.3% against the previous year. Over the period under review, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2015 when the average import price increased by 30%. Over the period under review, average import prices reached the peak figure at $31,030 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($29,931 per ton), while the price for China ($3,163 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Medicaments Containing Vitamins Price in Bangladesh (FOB) - 2022

In 2022, the average medicaments containing vitamins export price amounted to $23,767 per ton, surging by 14% against the previous year. Overall, the export price enjoyed a notable increase. The pace of growth was the most pronounced in 2019 an increase of 68%. As a result, the export price attained the peak level of $35,199 per ton. From 2020 to 2022, 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 Vietnam ($57,950 per ton), while the average price for exports to Burundi ($6,370 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 Myanmar (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports in Bangladesh

After three years of growth, supplies from abroad of medicaments containing vitamins and provitamins decreased by -4.6% to 433 tons in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +25.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 96%.

In value terms, medicaments containing vitamins imports declined modestly to $4.3M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. As a result, imports reached the peak of $5.2M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Medicaments Containing Vitamins in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
South Korea	970	963	1,153	1,213	7.7%
China	630	1,669	766	1,013	17.2%
Singapore	928	1,013	702	N/A	-13.0%
Saudi Arabia	N/A	300	366	N/A	22.0%
Others	1,262	1,281	1,331	2,067	17.9%
Total	3,790	5,225	4,318	4,293	4.2%

Top Suppliers of Medicaments Containing Vitamins to Bangladesh in 2022:

China (320.4 tons)
South Korea (86.5 tons)

Medicaments Containing Vitamins Exports in Bangladesh

In 2022, approx. 144 tons of medicaments containing vitamins and provitamins were exported from Bangladesh; jumping by 16% on 2021 figures. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 141% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, medicaments containing vitamins exports skyrocketed to $3.4M in 2022. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Export of Medicaments Containing Vitamins in Bangladesh (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	N/A	N/A	N/A	693	0%
Myanmar	435	411	245	604	11.6%
Vietnam	332	572	601	456	11.2%
Sri Lanka	188	140	332	318	19.1%
Burundi	N/A	208	198	114	-26.0%
United States	N/A	N/A	N/A	39.9	0%
Jamaica	11.5	14.1	24.0	22.7	25.4%
Kenya	27.2	67.1	49.9	16.6	-15.2%
Zimbabwe	N/A	82.3	85.3	6.7	-71.5%
Nicaragua	88.4	83.3	N/A	N/A	-5.8%
China	110	48.9	N/A	N/A	-55.5%
Malaysia	N/A	N/A	16.8	N/A	0%
Nepal	N/A	222	0.1	N/A	-100.0%
Others	93.1	136	1,040	1,152	131.3%
Total	1,284	1,985	2,591	3,423	38.7%

Top Export Markets for Medicaments Containing Vitamins from Bangladesh in 2022:

Turkey (41.6 tons)
Burundi (17.8 tons)
Myanmar (13.6 tons)
Sri Lanka (10.6 tons)
Vietnam (7.9 tons)
United States (3.2 tons)
Jamaica (1.8 tons)
Kenya (1.3 tons)
Zimbabwe (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medicaments containing vitamins market in Bangladesh. 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 21201360 - Medicaments containing vitamins, provitamins, derivatives and intermixtures thereof, for therapeutic or prophylactic uses, put up in measured doses or for retail sale

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
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