Pharmaceutical Goods Price in Germany - 2023

Contents:

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

Pharmaceutical Goods Price in Germany (FOB) - 2023

The average pharmaceutical goods export price stood at $169K per ton in June 2023, waning by -4.3% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 30% m-o-m. As a result, the export price reached the peak level of $177K per ton, and then fell in the following month.

Prices varied noticeably by the country of destination: the country with the highest price was Austria ($730K per ton), while the average price for exports to Belgium ($59,140 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 Japan (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Price in Germany (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $77,858 per ton, declining by -12% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11%. As a result, import price reached the peak level of $88,516 per ton, and then shrank 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 the United States ($148,178 per ton), while the price for Poland ($7,941 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Exports in Germany

Pharmaceutical goods exports from Germany amounted to 25K tons in 2022, surging by 3% compared with the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pharmaceutical goods exports dropped modestly to $3.5B in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $3.6B, and then declined modestly in the following year.

Top Export Markets for Pharmaceutical Goods from Germany in 2022:

1. Belgium (7.2K tons)
2. Poland (1.5K tons)
3. Japan (1.4K tons)
4. Netherlands (1.2K tons)
5. China (1.2K tons)
6. France (1.1K tons)
7. United States (0.9K tons)
8. Italy (0.9K tons)
9. United Kingdom (0.6K tons)
10. Austria (0.6K tons)
11. Sweden (0.5K tons)
12. Switzerland (0.5K tons)
13. Spain (0.4K tons)

Pharmaceutical Goods Imports in Germany

For the fourth year in a row, Germany recorded growth in purchases abroad of pharmaceutical goodses, which increased by 9.7% to 17K tons in 2022. The total import volume increased at an average annual rate of +5.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods imports shrank slightly to $1.3B in 2022. The total import value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 19%. As a result, imports attained the peak of $1.4B, and then contracted slightly in the following year.

Top Suppliers of Pharmaceutical Goods to Germany in 2022:

1. China (7.1K tons)
2. Hungary (1.9K tons)
3. United States (1.2K tons)
4. Netherlands (1.1K tons)
5. Belgium (1.0K tons)
6. Poland (0.8K tons)
7. Ireland (0.7K tons)
8. Denmark (0.6K tons)
9. France (0.6K tons)
10. Costa Rica (0.4K tons)
11. Spain (0.4K tons)
12. Switzerland (0.2K tons)

Source: IndexBox Market Intelligence Platform