Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Bangladesh - 2022

Contents:

1. Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Bangladesh (CIF) - 2022
2. Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Bangladesh

Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Bangladesh (CIF) - 2022

The average import price for hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s stood at $570,001 per ton in 2022, approximately reflecting the previous year. In general, the import price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 41% against the previous year. As a result, import price attained the peak level of $1,060,987 per ton. From 2014 to 2022, the average import prices remained 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 Singapore ($1,069,667 per ton), while the price for Spain ($433,910 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in Bangladesh

In 2022, after three years of growth, there was decline in overseas purchases of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s, when their volume decreased by -3.4% to 7.8 tons. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 4.7%. As a result, imports attained the peak of 8.1 tons, and then declined slightly in the following year.

In value terms, imports of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s fell slightly to $4.5M in 2022. The total import value increased at an average annual rate of +1.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 4.8% against the previous year. As a result, imports attained the peak of $4.6M, and then declined modestly in the following year.

Top Suppliers of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) to Bangladesh in 2022:

1. China (6.1 tons)
2. Spain (0.6 tons)
3. Italy (0.5 tons)
4. India (0.3 tons)
5. Singapore (0.1 tons)
6. Malaysia (0.1 tons)

Source: IndexBox Market Intelligence Platform