Pharmaceutical Goods Price in Norway - 2023
Contents:
- Pharmaceutical Goods Price in Norway (FOB) - 2022
- Pharmaceutical Goods Price in Norway (CIF) - 2022
- Pharmaceutical Goods Exports in Norway
- Pharmaceutical Goods Imports in Norway
Pharmaceutical Goods Price in Norway (FOB) - 2022
The average pharmaceutical goods export price stood at $301,910 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price, however, showed modest growth. The pace of growth was the most pronounced in 2013 an increase of 108% against the previous year. The export price peaked at $805,970 per ton in 2014; however, from 2015 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 ($827,129 per ton), while the average price for exports to Ukraine ($27,736 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 (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Price in Norway (CIF) - 2022
The average pharmaceutical goods import price stood at $60,743 per ton in 2022, reducing by -16.5% against the previous year. In general, the import price recorded a pronounced curtailment. The pace of growth was the most pronounced in 2019 when the average import price increased by 28% against the previous year. Over the period under review, average import prices attained the peak figure at $91,577 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Germany ($172,551 per ton), while the price for China ($16,223 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Exports in Norway
In 2022, approx. 493 tons of pharmaceutical goodses were exported from Norway; growing by 5.9% against 2021. The total export volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 20%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, pharmaceutical goods exports rose sharply to $149M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Pharmaceutical Goods in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 55.0 | 54.7 | 54.6 | 49.3 | -3.6% |
| France | 9.8 | 13.6 | 16.2 | 14.2 | 13.2% |
| Germany | 8.3 | 6.8 | 6.1 | 10.0 | 6.4% |
| Ireland | 0.7 | 4.2 | 4.6 | 8.2 | 127.1% |
| Netherlands | 3.8 | 4.8 | 5.4 | 6.7 | 20.8% |
| China | 1.7 | 5.1 | N/A | 3.6 | 28.4% |
| Russia | N/A | 1.2 | 0.4 | 3.2 | 63.3% |
| United Kingdom | 6.6 | 3.8 | 3.4 | 2.9 | -24.0% |
| Sweden | 3.8 | 3.0 | 3.2 | 2.6 | -11.9% |
| Switzerland | 0.7 | 0.8 | 0.8 | 1.5 | 28.9% |
| India | 1.4 | 1.3 | 1.4 | 1.3 | -2.4% |
| Iceland | 0.4 | 0.5 | 0.6 | 0.9 | 31.0% |
| Ukraine | N/A | N/A | N/A | 0.5 | 0% |
| Others | 43.2 | 40.0 | 44.2 | 44.1 | 0.7% |
| Total | 135 | 140 | 141 | 149 | 3.3% |
Top Export Markets for Pharmaceutical Goods from Norway in 2022:
- United States (129.9 tons)
- Germany (51.2 tons)
- Ireland (36.4 tons)
- Sweden (33.1 tons)
- China (30.1 tons)
- United Kingdom (22.4 tons)
- Switzerland (19.9 tons)
- Ukraine (17.3 tons)
- France (17.2 tons)
- Netherlands (14.8 tons)
- Iceland (12.2 tons)
- India (11.5 tons)
- Russia (10.4 tons)
Pharmaceutical Goods Imports in Norway
In 2022, the amount of pharmaceutical goodses imported into Norway amounted to 1.4K tons, with an increase of 13% against the previous year's figure. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
In value terms, pharmaceutical goods imports reduced to $83M in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 11%.
| Import of Pharmaceutical Goods in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 7.1 | 8.0 | 8.6 | 9.9 | 11.7% |
| Germany | 12.0 | 10.0 | 11.6 | 9.5 | -7.5% |
| United States | 9.7 | 9.8 | 8.7 | 8.4 | -4.7% |
| Ireland | 7.9 | 7.7 | 9.0 | 7.9 | 0.0% |
| Hungary | 8.7 | 8.3 | 9.5 | 7.3 | -5.7% |
| Denmark | 5.6 | 10.2 | 10.8 | 5.5 | -0.6% |
| Netherlands | 3.9 | 4.3 | 4.0 | 5.0 | 8.6% |
| China | 2.3 | 2.8 | 3.2 | 3.6 | 16.1% |
| Sweden | 1.3 | 3.9 | 3.0 | 2.7 | 27.6% |
| France | 1.3 | 1.8 | 1.8 | 2.5 | 24.4% |
| Lithuania | N/A | 0.6 | 1.3 | 1.5 | 58.1% |
| Italy | 0.6 | 0.8 | 0.7 | 1.4 | 32.6% |
| Poland | 1.0 | 0.8 | 0.9 | 0.9 | -3.5% |
| Others | 13.3 | 14.2 | 14.8 | 16.9 | 8.3% |
| Total | 74.7 | 83.1 | 87.9 | 83.1 | 3.6% |
Top Suppliers of Pharmaceutical Goods to Norway in 2022:
- Ireland (319.2 tons)
- China (220.1 tons)
- United Kingdom (97.0 tons)
- Hungary (93.5 tons)
- Denmark (88.5 tons)
- United States (74.7 tons)
- Sweden (69.6 tons)
- Germany (55.3 tons)
- Netherlands (49.9 tons)
- Poland (46.2 tons)
- Italy (37.9 tons)
- Lithuania (25.6 tons)
- France (25.6 tons)
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