Pharmaceutical Goods Price in Lithuania - 2023
Contents:
- Pharmaceutical Goods Price in Lithuania (FOB) - 2022
- Pharmaceutical Goods Price in Lithuania (CIF) - 2022
- Pharmaceutical Goods Exports in Lithuania
- Pharmaceutical Goods Imports in Lithuania
Pharmaceutical Goods Price in Lithuania (FOB) - 2022
In 2022, the average pharmaceutical goods export price amounted to $63,327 per ton, reducing by -5.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 36% against the previous year. The export price peaked at $215,275 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($342,910 per ton), while the average price for exports to Belgium ($9,882 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 Ireland (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Price in Lithuania (CIF) - 2022
The average pharmaceutical goods import price stood at $47,729 per ton in 2022, shrinking by -33.6% against the previous year. In general, the import price saw a abrupt decrease. The pace of growth was the most pronounced in 2014 when the average import price increased by 32% against the previous year. As a result, import price reached the peak level of $164,157 per ton. From 2015 to 2022, the average 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 Ireland ($259,292 per ton), while the price for the Czech Republic ($8,933 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Exports in Lithuania
In 2022, the amount of pharmaceutical goodses exported from Lithuania surged to 1.8K tons, rising by 29% against the previous year. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 115%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, pharmaceutical goods exports soared to $113M in 2022. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 128%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Pharmaceutical Goods in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 4.3 | 37.3 | 57.8 | 68.3 | 151.4% |
| United States | N/A | 2.3 | 9.8 | 12.4 | 132.2% |
| Belarus | 4.7 | 4.5 | 5.5 | 6.1 | 9.1% |
| Ireland | 0.1 | 1.2 | 1.1 | 3.3 | 220.8% |
| Germany | 0.5 | 0.6 | 0.4 | 1.4 | 40.9% |
| Sweden | 1.6 | 1.6 | 1.2 | 1.3 | -6.7% |
| Belgium | 0.6 | 0.7 | 0.6 | 0.5 | -5.9% |
| Others | 17.8 | 19.7 | 17.0 | 20.1 | 4.1% |
| Total | 29.7 | 67.9 | 93.4 | 113 | 56.1% |
Top Export Markets for Pharmaceutical Goods from Lithuania in 2022:
- Netherlands (1150.3 tons)
- United States (200.9 tons)
- Sweden (105.1 tons)
- Ireland (60.7 tons)
- Belgium (51.4 tons)
- Belarus (30.9 tons)
- Germany (14.9 tons)
Pharmaceutical Goods Imports in Lithuania
For the fourth year in a row, Lithuania recorded growth in supplies from abroad of pharmaceutical goodses, which increased by 73% to 933 tons in 2022. Over the period under review, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, pharmaceutical goods imports surged to $45M in 2022. The total import value increased at an average annual rate of +10.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pharmaceutical Goods in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.1 | 5.9 | 7.8 | 7.3 | 6.2% |
| Netherlands | 8.4 | 9.7 | 8.4 | 6.9 | -6.3% |
| Ireland | 3.1 | 3.1 | 3.0 | 5.6 | 21.8% |
| China | 1.7 | 1.7 | 2.3 | 5.4 | 47.0% |
| Poland | 1.4 | 1.5 | 1.9 | 3.1 | 30.3% |
| Estonia | 1.9 | 2.2 | 2.4 | 2.7 | 12.4% |
| Latvia | 0.9 | 1.4 | 1.0 | 1.1 | 6.9% |
| Italy | 1.2 | 0.8 | 0.9 | 0.9 | -9.1% |
| Czech Republic | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 8.5 | 8.8 | 10.8 | 11.4 | 10.3% |
| Total | 33.3 | 35.2 | 38.7 | 44.5 | 10.1% |
Top Suppliers of Pharmaceutical Goods to Lithuania in 2022:
- China (588.5 tons)
- Poland (94.7 tons)
- Netherlands (43.6 tons)
- Germany (36.9 tons)
- Latvia (22.8 tons)
- Ireland (21.5 tons)
- Estonia (18.9 tons)
- Italy (16.5 tons)
- Czech Republic (14.2 tons)
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