Sri Lanka: Market for Hormones, Prostaglandins, Thromboxanes And Leukotrienes 2023

Market Size for Hormones, Prostaglandins, Thromboxanes And Leukotrienes in Sri Lanka

The Sri Lankan market for hormones, prostaglandins, thromboxanes and leukotrienes shrank slightly to $X in 2021, waning by -4.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a mild expansion. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Exports from Sri Lanka

In 2021, the amount of hormones, prostaglandins, thromboxanes and leukotrienes exported from Sri Lanka skyrocketed to X kg, with an increase of 90% on 2020. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 632% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes exports soared to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 582%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

India (X kg) was the main destination for hormones, prostaglandins, thromboxanes and leukotrienes exports from Sri Lanka, accounting for a 98% share of total exports. It was followed by Maldives (X kg), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +101.2%.

In value terms, India ($X) emerged as the key foreign market for hormones, prostaglandins, thromboxanes and leukotrienes exports from Sri Lanka, comprising 93% of total exports. The second position in the ranking was held by Maldives ($X), with a 7% share of total exports.

From 2012 to 2021, the average annual growth rate of value to India amounted to +109.0%.

Export Prices by Country

The average export price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per kg in 2021, waning by -37.3% against the previous year. Overall, the export price, however, posted a resilient increase. The growth pace was the most rapid in 2019 when the average export price increased by 782% against the previous year. As a result, the export price reached the peak level of $X per kg. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Maldives ($X per kg), while the average price for exports to India stood at $X per kg.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+853.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Hormones, Prostaglandins, Thromboxanes And Leukotrienes

Imports into Sri Lanka

In 2021, the amount of hormones, prostaglandins, thromboxanes and leukotrienes imported into Sri Lanka amounted to X tons, rising by 3% compared with the previous year's figure. In general, total imports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +20.3% against 2019 indices. The pace of growth was the most pronounced in 2016 when imports increased by 36%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, hormones, prostaglandins, thromboxanes and leukotrienes imports totaled $X in 2021. Overall, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +11.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 45% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main hormones, prostaglandins, thromboxanes and leukotrienes supplier to Sri Lanka, with a 92% share of total imports. Moreover, hormones, prostaglandins, thromboxanes and leukotrienes imports from China exceeded the figures recorded by the second-largest supplier, India (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-12.0% per year) and Indonesia (-22.2% per year).

In value terms, China ($X) constituted the largest supplier of hormones, prostaglandins, thromboxanes and leukotrienes to Sri Lanka, comprising 80% of total imports. The second position in the ranking was taken by India ($X), with a 5.9% share of total imports. It was followed by Indonesia, with a 0.4% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-11.2% per year) and Indonesia (-22.8% per year).

Import Prices by Country

The average import price for hormones, prostaglandins, thromboxanes and leukotrienes stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price saw a mild contraction. The growth pace was the most rapid in 2014 when the average import price increased by 42%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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