[PHNOM PENH POST]
THE supply of pharmaceutical products has outstripped demand, causing a
decrease in the value of drug imports during the first half of 2011,
experts say.
An increase in the number of firms importing
pharmaceutical products in 2010 led to this year’s drop, Medical Trust
Company Sales Manager Kaing Koh Seng said.
“[In the first six
months] we have seen the amount of imported drugs decrease slightly, as
there are now more local competitors vying in the market,” he said.
Figures
from Ministry of Commerce’s Camcontrol Department show the value of
drugs imported fell to US$52.1 million during the first six months of
2011, from $58.3 million in the same period last year.
Cambodia
imports medical products particularly from Vietnam, China and Thailand,
but also countries such as South Korea and Bangladesh, said Phnom
Penh-based Kaing Koh Seng.
The Kingdom’s small market size meant
economies of scale are not as easily attained for imports as they are in
other countries, which can make prices for pharmaceutical products more
expensive than in its neighbours, he added.
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