Pharmaceutical Goods Price in China - 2023

Contents:

1. Pharmaceutical Goods Price in China (FOB) - 2023
2. Pharmaceutical Goods Price in China (CIF) - 2022
3. Pharmaceutical Goods Exports in China
4. Pharmaceutical Goods Imports in China

Pharmaceutical Goods Price in China (FOB) - 2023

The average pharmaceutical goods export price stood at $17,306 per ton in June 2023, jumping by 17% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in August 2022 an increase of 18% against the previous month. Over the period under review, the average export prices attained the peak figure at $19,917 per ton in November 2022; however, from December 2022 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was the United States ($29,580 per ton), while the average price for exports to Germany ($5,949 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Price in China (CIF) - 2022

The average pharmaceutical goods import price stood at $225,483 per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 18%. As a result, import price reached the peak level of $228,308 per ton, and then dropped in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($540,338 per ton), while the price for the Dominican Republic ($47,177 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Exports in China

Pharmaceutical goods exports from China amounted to 47K tons in 2022, increasing by 8.8% compared with the previous year. The total export volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pharmaceutical goods exports shrank notably to $911M in 2022. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 30%. As a result, the exports reached the peak of $1.3B, and then reduced rapidly in the following year.

Top Export Markets for Pharmaceutical Goods from China in 2022:

1. United States (13.3K tons)
2. Germany (7.5K tons)
3. United Kingdom (5.2K tons)
4. Netherlands (2.3K tons)
5. Australia (2.1K tons)
6. India (1.6K tons)
7. France (1.1K tons)
8. Canada (0.7K tons)
9. Myanmar (0.3K tons)

Pharmaceutical Goods Imports in China

In 2022, pharmaceutical goods imports into China stood at 5.3K tons, remaining relatively unchanged against the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, pharmaceutical goods imports shrank to $1.2B in 2022. The total import value increased at an average annual rate of +9.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, imports reached the peak of $1.2B, leveling off in the following year.

Top Suppliers of Pharmaceutical Goods to China in 2022:

1. Germany (1786.9 tons)
2. Italy (494.1 tons)
3. United States (493.1 tons)
4. Ireland (477.2 tons)
5. Hungary (419.1 tons)
6. Dominican Republic (265.9 tons)
7. France (259.4 tons)
8. Japan (212.1 tons)
9. Canada (91.8 tons)
10. South Korea (71.1 tons)
11. United Kingdom (45.4 tons)
12. Spain (10.8 tons)
13. Thailand (0.4 tons)

Source: IndexBox Market Intelligence Platform