Pharmaceutical Goods Price in Bangladesh - 2022

Contents:

1. Pharmaceutical Goods Price in Bangladesh (CIF) - 2022
2. Pharmaceutical Goods Price in Bangladesh (FOB) - 2022
3. Pharmaceutical Goods Imports in Bangladesh
4. Pharmaceutical Goods Exports in Bangladesh

Pharmaceutical Goods Price in Bangladesh (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $31,319 per ton, surging by 1.7% against the previous year. Overall, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pharmaceutical goods import price increased by +15.1% against 2020 indices. The growth pace was the most rapid in 2015 an increase of 84%. Over the period under review, average import prices attained the maximum at $36,406 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($432,380 per ton), while the price for Italy ($3,394 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Bangladesh (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $69,567 per ton, shrinking by -17.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 33%. Over the period under review, the average export prices attained the maximum at $83,944 per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($119,684 per ton), while the average price for exports to Malaysia ($29,443 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 Ethiopia (+18.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Bangladesh

In 2022, approx. 166 tons of pharmaceutical goodses were imported into Bangladesh; waning by -12.4% against the previous year's figure. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year.

In value terms, pharmaceutical goods imports dropped to $5.2M in 2022. Overall, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 28%.

Top Suppliers of Pharmaceutical Goods to Bangladesh in 2022:

1. India (71.6 tons)
2. United States (26.2 tons)
3. Brazil (14.3 tons)
4. China (9.6 tons)
5. Italy (6.8 tons)
6. France (5.9 tons)
7. South Korea (5.4 tons)
8. Malaysia (4.3 tons)
9. Germany (4.0 tons)
10. Ireland (2.5 tons)
11. Japan (2.1 tons)
12. Belgium (2.0 tons)

Pharmaceutical Goods Exports in Bangladesh

In 2022, shipments abroad of pharmaceutical goodses was finally on the rise to reach 62 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a drastic downturn.

In value terms, pharmaceutical goods exports skyrocketed to $4.3M in 2022. In general, exports, however, saw a abrupt setback.

Top Export Markets for Pharmaceutical Goods from Bangladesh in 2022:

1. Malaysia (19.9 tons)
2. Sri Lanka (19.2 tons)
3. Nepal (10.2 tons)
4. Myanmar (4.7 tons)
5. Ethiopia (2.5 tons)
6. Kenya (2.1 tons)
7. Peru (1.2 tons)

Source: IndexBox Market Intelligence Platform