Bangladesh: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in Bangladesh

The Bangladeshi medical gel preparations market reached $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2019 indices. Medical gel preparations consumption peaked in 2022 and is likely to continue growth in years to come.

Medical Gel Preparations Production in Bangladesh

In value terms, medical gel preparations production stood at $X in 2022 estimated in export price. Overall, production, however, continues to indicate a perceptible increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Medical gel preparations production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Medical Gel Preparations Exports

Exports from Bangladesh

In 2022, overseas shipments of gel preparations for human or veterinary medicine decreased by X% to X tons, falling for the fifth consecutive year after three years of growth. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, medical gel preparations exports surged to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) and Myanmar (X tons) were the main destinations of medical gel preparations exports from Bangladesh.

From 2012 to 2022, the biggest increases were recorded for Afghanistan (with a CAGR of X%).

In value terms, Afghanistan ($X) remains the key foreign market for gel preparations for human or veterinary medicine exports from Bangladesh, comprising X% of total exports. The second position in the ranking was taken by Myanmar ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Afghanistan totaled X%.

Export Prices by Country

In 2022, the average medical gel preparations export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Afghanistan ($X per ton), while the average price for exports to Myanmar amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%).

Medical Gel Preparations Imports

Imports into Bangladesh

In 2022, approx. X tons of gel preparations for human or veterinary medicine were imported into Bangladesh; with an increase of X% on 2021. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, medical gel preparations imports soared to $X in 2022. In general, imports, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) constituted the largest supplier of medical gel preparations to Bangladesh, accounting for a X% share of total imports. Moreover, medical gel preparations imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X tons), sevenfold. The third position in this ranking was held by Malaysia (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Malaysia (X% per year).

In value terms, the largest medical gel preparations suppliers to Bangladesh were Thailand ($X), the United States ($X) and Turkey ($X), together accounting for X% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical gel preparations import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :