Bangladesh: Medicaments Containing Vitamins Market 2024

Medicaments Containing Vitamins Market Size in Bangladesh

The Bangladeshi medicaments containing vitamins market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed strong growth. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Medicaments Containing Vitamins Production in Bangladesh

In value terms, medicaments containing vitamins production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Medicaments containing vitamins production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Medicaments Containing Vitamins Exports

Exports from Bangladesh

In 2022, shipments abroad of medicaments containing vitamins and provitamins increased by X% to X tons, rising for the third year in a row after three years of decline. Overall, exports, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, medicaments containing vitamins exports soared to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; afterwards, it flattened through to 2022.

Exports by Country

Turkey (X tons) was the main destination for medicaments containing vitamins exports from Bangladesh, with a X% share of total exports. Moreover, medicaments containing vitamins exports to Turkey exceeded the volume sent to the second major destination, Burundi (X tons), twofold. Myanmar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Turkey stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Burundi (X% per year) and Myanmar (X% per year).

In value terms, the largest markets for medicaments containing vitamins exported from Bangladesh were Turkey ($X), Myanmar ($X) and Vietnam ($X), with a combined X% share of total exports. Sri Lanka, Burundi, the United States and Jamaica lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Jamaica, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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 medicaments containing vitamins export price amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed notable growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Burundi ($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 Myanmar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medicaments Containing Vitamins Imports

Imports into Bangladesh

In 2022, after six years of growth, there was decline in overseas purchases of medicaments containing vitamins and provitamins, when their volume decreased by X% to X tons. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then reduced slightly in the following year.

In value terms, medicaments containing vitamins imports fell to $X in 2022. Overall, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest medicaments containing vitamins supplier to Bangladesh, accounting for a X% share of total imports. Moreover, medicaments containing vitamins imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and India (X% per year).

In value terms, the largest medicaments containing vitamins suppliers to Bangladesh were South Korea ($X), China ($X) and India ($X), together comprising X% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average medicaments containing vitamins import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X 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 (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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