Pharmaceutical Goods Price in Algeria - 2022

Pharmaceutical Goods Price in Algeria (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $128,423 per ton, jumping by 17% against the previous year. Overall, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% 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 +86.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 43% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($249,353 per ton), while the price for China ($14,682 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Algeria (FOB) - 2022

The average pharmaceutical goods export price stood at $133,448 per ton in 2022, shrinking by -45.6% against the previous year. Overall, the export price, however, saw temperate growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 56%. The export price peaked at $245,111 per ton in 2021, and then shrank significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritania ($584,364 per ton), while the average price for exports to the United States ($15,086 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 Mauritania (+22.8%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Goods Imports in Algeria

After two years of decline, supplies from abroad of pharmaceutical goodses increased by 2.4% to 324 tons in 2022. Overall, imports, however, continue to indicate a significant curtailment.

In value terms, pharmaceutical goods imports soared to $42M in 2022. Over the period under review, imports, however, continue to indicate a perceptible descent.

Import of Pharmaceutical Goods in Algeria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	14.8	18.3	17.6	16.9	4.5%
Ireland	3.4	2.8	3.9	6.9	26.6%
France	12.2	14.7	3.8	5.8	-22.0%
Hungary	1.4	2.0	1.0	4.5	47.6%
Turkey	0.2	0.3	0.3	0.9	65.1%
China	0.3	0.2	0.4	0.5	18.6%
Belgium	4.2	2.7	1.9	0.5	-50.8%
Jordan	0.5	0.4	0.3	0.4	-7.2%
India	1.0	0.8	0.7	0.1	-53.6%
Spain	3.1	2.2	1.2	0.1	-68.2%
Others	4.7	4.0	3.6	4.9	1.4%
Total	45.7	48.4	34.8	41.6	-3.1%

Top Suppliers of Pharmaceutical Goods to Algeria in 2022:

Germany (86.5 tons)
Hungary (68.9 tons)
France (39.5 tons)
China (35.6 tons)
Ireland (27.7 tons)
Turkey (25.7 tons)
Jordan (4.9 tons)
Belgium (3.5 tons)
India (2.3 tons)
Spain (0.5 tons)

Pharmaceutical Goods Exports in Algeria

In 2022, pharmaceutical goods exports from Algeria soared to 270 kg, growing by 58% on the previous year. Over the period under review, exports, however, recorded a perceptible descent.

In value terms, pharmaceutical goods exports declined to $36K in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 39%. As a result, the exports attained the peak of $42K, and then declined in the following year.

Export of Pharmaceutical Goods in Algeria (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mali	16.9	15.8	20.6	21.0	7.5%
Mauritania	9.2	7.1	7.6	6.4	-11.4%
United States	N/A	N/A	N/A	1.6	0%
Others	9.2	7.3	13.7	7.0	-8.7%
Total	35.2	30.2	41.9	36.0	0.8%