Pharmaceutical Goods Price in Chile - 2023

Contents:

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

Pharmaceutical Goods Price in Chile (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $73,319 per ton, shrinking by -2.4% against the previous year. Over the period under review, the import price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 0.3%. The import price peaked at $143,881 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 Mexico ($132,660 per ton), while the price for Turkey ($8,517 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Chile (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $59,270 per ton, growing by 8.6% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 39%. The export price peaked at $102,813 per ton in 2016; however, from 2017 to 2022, the 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 ($87,101 per ton), while the average price for exports to Bolivia ($21,003 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 Venezuela (+33.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Chile

For the fourth consecutive year, Chile recorded growth in overseas purchases of pharmaceutical goodses, which increased by 4.8% to 1.6K tons in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pharmaceutical goods imports rose modestly to $114M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.6% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 43%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Pharmaceutical Goods to Chile in 2022:

1. China (495.7 tons)
2. United States (159.3 tons)
3. Germany (159.3 tons)
4. Ireland (147.8 tons)
5. Brazil (92.7 tons)
6. Mexico (64.2 tons)
7. India (53.4 tons)
8. Spain (53.1 tons)
9. Dominican Republic (50.4 tons)
10. Italy (48.8 tons)
11. Switzerland (35.6 tons)
12. Hungary (34.6 tons)
13. Turkey (23.4 tons)

Pharmaceutical Goods Exports in Chile

In 2022, pharmaceutical goods exports from Chile reduced rapidly to 76 tons, waning by -34.1% compared with the previous year. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, the exports reached the peak of 115 tons, and then contracted notably in the following year.

In value terms, pharmaceutical goods exports reduced rapidly to $4.5M in 2022. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 6% against the previous year. As a result, the exports reached the peak of $6.3M, and then fell rapidly in the following year.

Top Export Markets for Pharmaceutical Goods from Chile in 2022:

1. Costa Rica (25.5 tons)
2. Paraguay (10.9 tons)
3. Peru (10.0 tons)
4. Vietnam (9.2 tons)
5. Bolivia (7.5 tons)
6. Colombia (4.2 tons)
7. Panama (2.6 tons)
8. Thailand (1.7 tons)

Source: IndexBox Market Intelligence Platform