Pharmaceutical Goods Price in Oman - 2021

Contents:

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

Pharmaceutical Goods Price in Oman (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $54,209 per ton, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 when the average import price increased by 22%. As a result, import price reached the peak level of $58,615 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($192,125 per ton), while the price for China ($6,641 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Oman (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $131,229 per ton, with an increase of 3.8% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 123% against the previous year. As a result, the export price attained the peak level of $186,735 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($376,771 per ton), while the average price for exports to the United Arab Emirates ($13,609 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 Somalia (+133.5%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Oman

In 2022, overseas purchases of pharmaceutical goodses decreased by -4% to 265 tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 53% against the previous year. As a result, imports attained the peak of 308 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pharmaceutical goods imports rose rapidly to $14M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of $15M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Pharmaceutical Goods in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates4,3007,4955,6845,1366.1%
Qatar1,4981,8671,6411,5090.2%
Germany659419300646-0.7%
Ireland43.778.176.9619142.0%
United States53.64.285.9510111.9%
Netherlands11259.327333544.1%
Bahrain1921871,01027612.9%
India89.910565.919729.9%
China7.0137167189200.0%
Turkey251914477145-16.7%
Switzerland1,04529823673.4-58.7%
Italy7.316.469.450.190.0%
Canada0.731.549.636.1272.2%
Others2,7983,5033,4334,61918.2%
Total11,05715,11513,56914,3429.1%

Top Suppliers of Pharmaceutical Goods to Oman in 2022:

  1. United Arab Emirates (74.2 tons)
  2. China (28.5 tons)
  3. Bahrain (25.8 tons)
  4. Qatar (8.4 tons)
  5. India (8.4 tons)
  6. Ireland (8.0 tons)
  7. Italy (5.9 tons)
  8. United States (5.3 tons)
  9. Netherlands (4.8 tons)
  10. Canada (4.7 tons)
  11. Turkey (4.7 tons)
  12. Germany (3.4 tons)
  13. Switzerland (0.7 tons)

Pharmaceutical Goods Exports in Oman

In 2022, exports of pharmaceutical goodses from Oman skyrocketed to 44 tons, growing by 75% on the previous year's figure. Overall, exports, however, continue to indicate a noticeable slump.

In value terms, pharmaceutical goods exports skyrocketed to $5.8M in 2022. In general, exports, however, continue to indicate a abrupt downturn.

Export of Pharmaceutical Goods in Oman (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany1,8071,8132,3813,15420.4%
Yemen49.142.341.11,047177.3%
Russia3332301503441.1%
Ukraine15113110730726.7%
France12016511227131.2%
Poland83.860.262.120935.6%
Qatar3.716.170.0169257.5%
Kuwait57.041.127.966.95.5%
United Arab Emirates62.639.51.547.2-9.0%
SomaliaN/A2,067N/AN/A0%
Others4,6073,780233171-66.6%
Total7,2758,3863,1855,785-7.4%

Top Export Markets for Pharmaceutical Goods from Oman in 2022:

  1. Germany (21.6 tons)
  2. Yemen (10.8 tons)
  3. United Arab Emirates (3.5 tons)
  4. Poland (1.6 tons)
  5. Qatar (1.4 tons)
  6. Kuwait (1.3 tons)
  7. France (1.0 tons)
  8. Russia (0.9 tons)
  9. Ukraine (0.8 tons)

Source: IndexBox Market Intelligence Platform

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