Pharmaceutical Goods Price in Denmark - 2023

Contents:

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

Pharmaceutical Goods Price in Denmark (FOB) - 2023

In June 2023, the average pharmaceutical goods export price amounted to $72,182 per ton, which is down by -40.7% against the previous month. Overall, the export price continues to indicate a pronounced contraction. The growth pace was the most rapid in April 2023 an increase of 39% month-to-month. The export price peaked at $127K per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($304K per ton), while the average price for exports to Taiwan (Chinese) ($4,244 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 the United States (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Price in Denmark (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $86,258 per ton, increasing by 9.9% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.3% 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 decreased by -18.5% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 37%. Over the period under review, average import prices attained the peak figure at $105,853 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($347,721 per ton), while the price for China ($12,541 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Exports in Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of pharmaceutical goodses, which increased by 17% to 2.5K tons in 2022. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods exports skyrocketed to $267M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pharmaceutical Goods from Denmark in 2022:

1. Netherlands (717.3 tons)
2. Belgium (404.1 tons)
3. United Kingdom (197.8 tons)
4. Germany (190.1 tons)
5. Japan (115.5 tons)
6. United States (113.8 tons)
7. Norway (78.2 tons)
8. Italy (73.1 tons)
9. Ireland (48.9 tons)
10. France (19.9 tons)
11. Poland (17.6 tons)
12. Hungary (4.7 tons)

Pharmaceutical Goods Imports in Denmark

After three years of growth, purchases abroad of pharmaceutical goodses decreased by -4.3% to 1.3K tons in 2022. The total import volume increased at an average annual rate of +8.5% over the period from 2019 to 2022; however, 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 32%. As a result, imports attained the peak of 1.4K tons, and then fell in the following year.

In value terms, pharmaceutical goods imports expanded rapidly to $116M in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Top Suppliers of Pharmaceutical Goods to Denmark in 2022:

1. Germany (293.7 tons)
2. Netherlands (250.3 tons)
3. Ireland (192.2 tons)
4. China (102.1 tons)
5. Hungary (96.3 tons)
6. Sweden (77.5 tons)
7. United States (57.9 tons)
8. Italy (51.3 tons)
9. United Kingdom (45.4 tons)
10. France (45.0 tons)
11. Belgium (30.0 tons)
12. Spain (20.3 tons)

Source: IndexBox Market Intelligence Platform