Pharmaceutical Goods Price in Latvia - 2023
Contents:
- Pharmaceutical Goods Price in Latvia (CIF) - 2022
- Pharmaceutical Goods Price in Latvia (FOB) - 2022
- Pharmaceutical Goods Imports in Latvia
- Pharmaceutical Goods Exports in Latvia
Pharmaceutical Goods Price in Latvia (CIF) - 2022
In 2022, the average pharmaceutical goods import price amounted to $74,707 per ton, which is down by -4.8% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 31% against the previous year. The import price peaked at $111,359 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($230,817 per ton), while the price for Portugal ($6,897 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in Latvia (FOB) - 2022
In 2022, the average pharmaceutical goods export price amounted to $114,388 per ton, increasing by 24% against the previous year. Overall, the export price, however, recorded a pronounced descent. The pace of growth was the most pronounced in 2021 an increase of 39% against the previous year. The export price peaked at $141,382 per ton in 2012; however, from 2013 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 Russia ($231,120 per ton), while the average price for exports to Kazakhstan ($7,176 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 Russia (+25.0%), while the prices for the other major destinations experienced mixed trend patterns.
Pharmaceutical Goods Imports in Latvia
In 2022, imports of pharmaceutical goodses into Latvia dropped to 154 tons, falling by -2% on 2021. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 3.6%.
In value terms, pharmaceutical goods imports fell to $12M in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 10%. As a result, imports attained the peak of $12M, and then shrank in the following year.
Import of Pharmaceutical Goods in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 2,646 | 2,366 | 2,345 | 2,589 | -0.7% |
Belgium | 1,762 | 1,417 | 1,749 | 2,467 | 11.9% |
Lithuania | 979 | 1,478 | 1,233 | 1,116 | 4.5% |
Italy | 165 | 344 | 1,108 | 1,075 | 86.8% |
Netherlands | 109 | 234 | 519 | 623 | 78.8% |
Ireland | 1,931 | 1,804 | 973 | 600 | -32.3% |
Estonia | 462 | 490 | 506 | 561 | 6.7% |
Poland | 364 | 240 | 295 | 272 | -9.3% |
Hungary | 75.2 | 65.5 | 337 | 192 | 36.7% |
Greece | 4.7 | 8.0 | 5.7 | 183 | 238.9% |
Turkey | 36.0 | 22.3 | 41.5 | 55.4 | 15.5% |
Portugal | 11.5 | 23.0 | 23.4 | 25.3 | 30.1% |
China | 56.7 | 62.5 | 45.3 | 18.0 | -31.8% |
Others | 1,875 | 2,650 | 3,159 | 1,738 | -2.5% |
Total | 10,476 | 11,206 | 12,340 | 11,514 | 3.2% |
Top Suppliers of Pharmaceutical Goods to Latvia in 2022:
- Belgium (40.0 tons)
- Italy (24.5 tons)
- Germany (20.2 tons)
- Lithuania (15.0 tons)
- Poland (8.6 tons)
- Estonia (7.7 tons)
- Turkey (6.1 tons)
- Hungary (5.2 tons)
- Greece (3.8 tons)
- Portugal (3.7 tons)
- Netherlands (3.1 tons)
- Ireland (2.6 tons)
- China (2.3 tons)
Pharmaceutical Goods Exports in Latvia
In 2022, overseas shipments of pharmaceutical goodses decreased by -23.7% to 31 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 159%. As a result, the exports attained the peak of 47 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, pharmaceutical goods exports fell to $3.6M in 2022. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 108%.
Export of Pharmaceutical Goods in Latvia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 1,184 | 1,565 | 1,754 | 1,457 | 7.2% |
Russia | 0.7 | 774 | 1,119 | 709 | 904.3% |
Estonia | 94.4 | 163 | 194 | 570 | 82.1% |
Vietnam | N/A | N/A | N/A | 72.0 | 0% |
Ukraine | N/A | N/A | N/A | 63.0 | 0% |
Others | 245 | 660 | 705 | 691 | 41.3% |
Total | 1,524 | 3,162 | 3,771 | 3,562 | 32.7% |
Top Export Markets for Pharmaceutical Goods from Latvia in 2022:
- Lithuania (18.5 tons)
- Estonia (4.5 tons)
- Russia (3.1 tons)
- Ukraine (0.8 tons)
- Vietnam (0.6 tons)
This report provides an in-depth analysis of the blood-grouping reagents market in Latvia.
This report provides an in-depth analysis of the chemical contraceptive preparations market in Latvia.
This report provides an in-depth analysis of the medical reconstruction cements market in Latvia.
This report provides an in-depth analysis of the first-aid kit market in Latvia.
This report provides an in-depth analysis of the medical gel preparations market in Latvia.
This report provides an in-depth analysis of the x-ray examination preparations market in Latvia.
This report provides an in-depth analysis of the market for sterile medical adhesion barrier in Latvia.
This report provides an in-depth analysis of the global blood-grouping reagents market.
This report provides an in-depth analysis of the global chemical contraceptive preparations market.
This report provides an in-depth analysis of the global medical reconstruction cements market.
Discover the world's leading import markets for chemical contraceptive preparations, including key statistics and numbers. Find out which countries import the most and why.
Discover the top import markets for medical reconstruction cements and the key countries driving import demand. Explore the market insights and statistics from leading countries.
Discover the top import markets for medical gel preparations based on import value data from IndexBox. Learn about the key countries driving the global market for medical gel products.
Discover the leading countries for importing X-ray examination preparations and the key statistics behind their market values.
Explore the top import markets for sterile medical adhesion barriers around the world. Learn about the key countries driving the demand for these crucial healthcare products.
Discover the world's leading import markets for chemical contraceptive preparations, including key statistics and numbers. Find out which countries import the most and why.
Discover the top import markets for medical reconstruction cements and the key countries driving import demand. Explore the market insights and statistics from leading countries.
Discover the top import markets for medical gel preparations based on import value data from IndexBox. Learn about the key countries driving the global market for medical gel products.
Discover the leading countries for importing X-ray examination preparations and the key statistics behind their market values.
Explore the top import markets for sterile medical adhesion barriers around the world. Learn about the key countries driving the demand for these crucial healthcare products.