Pharmaceutical Goods Price in Luxembourg - 2023

Contents:

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

Pharmaceutical Goods Price in Luxembourg (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $93,452 per ton, with an increase of 20% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.0% 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 increased by +24.1% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 33%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Brazil ($777,792 per ton), while the price for Italy ($5,362 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Luxembourg (FOB) - 2022

The average pharmaceutical goods export price stood at $106,857 per ton in 2022, dropping by -39.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 315% against the previous year. Over the period under review, the average export prices attained the peak figure at $277,106 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($242,909 per ton), while the average price for exports to France ($26,587 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 Oman (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Luxembourg

For the fourth consecutive year, Luxembourg recorded growth in supplies from abroad of pharmaceutical goodses, which increased by 15% to 224 tons in 2022. The total import volume increased at an average annual rate of +14.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, pharmaceutical goods imports skyrocketed to $21M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Luxembourg in 2022:

1. Belgium (78.6 tons)
2. Germany (45.9 tons)
3. Italy (39.5 tons)
4. France (24.2 tons)
5. Netherlands (12.3 tons)
6. Austria (8.5 tons)
7. Turkey (3.4 tons)

Pharmaceutical Goods Exports in Luxembourg

Pharmaceutical goods exports from Luxembourg skyrocketed to 33 tons in 2022, increasing by 56% against the previous year's figure. In general, exports, however, recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 164% against the previous year. As a result, the exports reached the peak of 336 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pharmaceutical goods exports reduced to $3.5M in 2022. Over the period under review, exports, however, continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 92% against the previous year. As a result, the exports reached the peak of $14M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Pharmaceutical Goods from Luxembourg in 2022:

1. United States (undefined tons)
2. France (15.2 tons)
3. Belgium (11.7 tons)
4. Germany (5.3 tons)

Source: IndexBox Market Intelligence Platform