Pharmaceutical Goods Price in Ethiopia - 2022
Contents:
Pharmaceutical Goods Price in Ethiopia (CIF) - 2022
The average pharmaceutical goods import price stood at $50,891 per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 134% against the previous year. The import price peaked at $90,690 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Finland ($210,089 per ton), while the price for Malaysia ($977 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Imports in Ethiopia
Pharmaceutical goods imports into Ethiopia soared to 589 tons in 2022, with an increase of 23% against 2021 figures. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -25.0% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. As a result, imports attained the peak of 786 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, pharmaceutical goods imports skyrocketed to $30M in 2022. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Pharmaceutical Goods in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.8 | 5.1 | 7.2 | 15.0 | 37.3% |
| Netherlands | 1.5 | 1.3 | 7.3 | 5.5 | 54.2% |
| Finland | 3.0 | 0.3 | 5.0 | 3.0 | 0.0% |
| Thailand | 1.9 | 2.1 | 1.7 | 2.6 | 11.0% |
| China | 1.2 | 0.4 | 0.4 | 1.5 | 7.7% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Denmark | N/A | 4.1 | 0.5 | N/A | -87.8% |
| Others | 1.3 | 3.8 | 2.2 | 2.3 | 20.9% |
| Total | 14.8 | 17.0 | 24.2 | 30.0 | 26.6% |
Top Suppliers of Pharmaceutical Goods to Ethiopia in 2022:
- India (290.9 tons)
- China (137.6 tons)
- Thailand (44.7 tons)
- Netherlands (40.9 tons)
- Malaysia (16.6 tons)
- Finland (14.5 tons)
- Denmark (2.7 tons)
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