Report Update: May 1, 2024

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

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Medicaments Containing Vitamins Price in Sri Lanka - 2021

Medicaments Containing Vitamins Price in Sri Lanka (CIF) - 2022

The average medicaments containing vitamins import price stood at $23,599 per ton in 2022, dropping by -15.9% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medicaments containing vitamins import price increased by +32.0% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the peak figure at $28,047 per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($64,269 per ton), while the price for Pakistan ($8,516 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Medicaments Containing Vitamins Price in Sri Lanka (FOB) - 2022

In 2022, the average medicaments containing vitamins export price amounted to $92,428 per ton, with an increase of 67% against the previous year. In general, the export price continues to indicate a significant expansion. The growth pace was the most rapid in 2018 an increase of 109% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Maldives ($109,116 per ton), while the average price for exports to the United States ($31,700 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 India (+31.0%), while the prices for the other major destinations experienced mixed trend patterns.

Medicaments Containing Vitamins Imports in Sri Lanka

In 2022, overseas purchases of medicaments containing vitamins and provitamins were finally on the rise to reach 158 tons after two years of decline. Over the period under review, imports, however, recorded a dramatic decrease.

In value terms, medicaments containing vitamins imports declined to $3.7M in 2022. Overall, imports, however, showed a sharp descent. The pace of growth appeared the most rapid in 2020 with an increase of 9.1% against the previous year. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Medicaments Containing Vitamins in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	4,017	4,319	1,183	1,507	-27.9%
Indonesia	672	2,471	566	1,366	26.7%
Australia	19.0	42.4	26.2	350	164.1%
Bangladesh	569	346	186	318	-17.6%
Singapore	446	316	76.0	147	-30.9%
Pakistan	677	375	46.0	30.0	-64.6%
Netherlands	166	78.2	1.0	N/A	-92.2%
Malaysia	336	303	75.2	N/A	-52.7%
United Kingdom	774	750	144	N/A	-56.9%
Philippines	318	494	46.6	N/A	-61.7%
Italy	50.9	33.9	6.3	N/A	-64.8%
Others	3,232	2,770	1,626	N/A	-29.1%
Total	11,277	12,299	3,982	3,719	-30.9%

Top Suppliers of Medicaments Containing Vitamins to Sri Lanka in 2022:

India (110.7 tons)
Indonesia (21.9 tons)
Bangladesh (11.3 tons)
Australia (5.4 tons)
Singapore (4.7 tons)
Pakistan (3.5 tons)

Medicaments Containing Vitamins Exports in Sri Lanka

In 2022, after three years of growth, there was significant decline in overseas shipments of medicaments containing vitamins and provitamins, when their volume decreased by -77.7% to 210 kg. Overall, exports faced a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 120%.

In value terms, medicaments containing vitamins exports reduced rapidly to $19K in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2020 with an increase of 183%.

Export of Medicaments Containing Vitamins in Sri Lanka (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Maldives	2.3	9.0	24.9	17.3	95.9%
New Zealand	N/A	N/A	0.1	1.6	1500.0%
United States	N/A	N/A	N/A	0.5	0%
Singapore	4.2	12.1	13.5	N/A	79.3%
South Africa	N/A	1.1	0.9	N/A	-18.2%
Myanmar	5.6	10.1	10.0	N/A	33.6%
Others	0.3	2.7	2.7	N/A	200.0%
Total	12.4	35.1	52.1	19.4	16.1%

Top Export Markets for Medicaments Containing Vitamins from Sri Lanka in 2022:

Maldives (159.0 kg)
New Zealand (36.0 kg)
United States (16.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the medicaments containing vitamins 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 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:

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