Pharmaceutical Goods Price in Nepal - 2022

Pharmaceutical Goods Price in Nepal (CIF) - 2022

The average pharmaceutical goods import price stood at $44,324 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 37%. The import price peaked at $53,714 per ton in 2013; however, from 2014 to 2022, 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 the United States ($187,634 per ton), while the price for China ($13,803 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Nepal (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $8,414 per ton, almost unchanged from the previous year. Overall, the export price continues to indicate a moderate increase. The growth pace was the most rapid in 2014 a decrease of -17.4% against the previous year. Over the period under review, the average export prices reached the peak figure at $21,636 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($27,667 per ton), while the average price for exports to Austria ($1,000 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Nepal

Pharmaceutical goods imports into Nepal fell significantly to 91 tons in 2022, with a decrease of -23.2% against the previous year. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year.

In value terms, pharmaceutical goods imports contracted significantly to $4M in 2022. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 81%.

Import of Pharmaceutical Goods in Nepal (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	2,059	920	2,638	1,797	-4.4%
Bangladesh	131	197	414	771	80.5%
United States	181	89.9	258	308	19.4%
Finland	1,902	507	337	170	-55.3%
China	43.6	50.9	91.5	165	55.8%
Ireland	878	608	733	1.6	-87.8%
Tunisia	52.1	N/A	N/A	N/A	0%
Others	917	524	784	814	-3.9%
Total	6,164	2,897	5,254	4,027	-13.2%

Top Suppliers of Pharmaceutical Goods to Nepal in 2022:

India (58.3 tons)
Bangladesh (12.9 tons)
China (12.0 tons)
United States (1.6 tons)
Finland (0.7 tons)

Pharmaceutical Goods Exports in Nepal

In 2022, the amount of pharmaceutical goodses exported from Nepal amounted to 29 kg, therefore, remained relatively stable against the previous year. Overall, exports showed a pronounced setback. The smallest decline of 99.9% was in 2021.

In value terms, pharmaceutical goods exports stood at $244 in 2022. Over the period under review, exports showed a significant decline. The smallest decline of 99.9% was in 2021.

Export of Pharmaceutical Goods in Nepal (USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
United States	220	N/A	103	-31.6%
France	194	N/A	83.0	-34.6%
Malaysia	44.0	N/A	46.0	2.2%
Canada	11.0	N/A	10.0	-4.7%
India	1.0	N/A	1.0	0.0%
Austria	1.0	N/A	1.0	0.0%
Sweden	14.0	N/A	N/A	0%
Others	N/A	N/A	N/A	0%
Total	485	N/A	244	-29.1%