Pharmaceutical Goods Price in Russia - 2022
Contents:
- Pharmaceutical Goods Price in Russia (CIF) - 2022
- Pharmaceutical Goods Price in Russia (FOB) - 2022
- Pharmaceutical Goods Imports in Russia
- Pharmaceutical Goods Exports in Russia
Pharmaceutical Goods Price in Russia (CIF) - 2022
The average pharmaceutical goods import price stood at $167,799 per ton in 2022, remaining stable against the previous year. Overall, the import price recorded buoyant growth. The pace of growth was the most pronounced in 2016 when the average import price increased by 52%. Over the period under review, average import prices hit record highs at $170,286 per ton in 2020; however, from 2021 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 the United States ($485,846 per ton), while the price for Denmark ($40,915 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+25.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in Russia (FOB) - 2022
In 2022, the average pharmaceutical goods export price amounted to $32,618 per ton, rising by 5% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The growth pace was the most rapid in 2013 when the average export price increased by 36% against the previous year. As a result, the export price attained the peak level of $55,768 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iraq ($70,618 per ton), while the average price for exports to Kyrgyzstan ($7,866 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 Belarus (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Imports in Russia
In 2022, the amount of pharmaceutical goodses imported into Russia reduced to 2.3K tons, flattening at the previous year's figure. Overall, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 3.2%.
In value terms, pharmaceutical goods imports contracted slightly to $384M in 2022. Over the period under review, imports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 1.3% against the previous year.
| Import of Pharmaceutical Goods in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 103 | 82.7 | 87.1 | 139 | 10.5% |
| Ireland | 36.9 | 27.5 | 35.7 | 44.2 | 6.2% |
| United States | 43.3 | 35.5 | 42.8 | 39.9 | -2.7% |
| Denmark | 13.2 | 15.4 | 15.8 | 31.1 | 33.1% |
| Switzerland | 24.7 | 18.0 | 20.9 | 25.3 | 0.8% |
| South Korea | 9.5 | 9.2 | 13.4 | 20.3 | 28.8% |
| France | 22.4 | 13.0 | 9.4 | 8.2 | -28.5% |
| Italy | 26.1 | 10.8 | 6.1 | 7.9 | -32.9% |
| Belarus | 5.8 | 6.2 | 5.2 | 7.7 | 9.9% |
| Hungary | 93.2 | 87.2 | 77.3 | 7.6 | -56.6% |
| Dominican Republic | 5.1 | 4.3 | 2.5 | 2.5 | -21.2% |
| India | 5.9 | 4.0 | 3.0 | 1.2 | -41.2% |
| Canada | 13.0 | 0.1 | 0.1 | N/A | -91.2% |
| Others | 70.8 | 67.5 | 67.2 | 48.7 | -11.7% |
| Total | 473 | 381 | 386 | 384 | -6.7% |
Top Suppliers of Pharmaceutical Goods to Russia in 2022:
- Denmark (759.5 tons)
- Germany (431.7 tons)
- Ireland (393.1 tons)
- France (106.8 tons)
- South Korea (102.6 tons)
- Belarus (90.5 tons)
- United States (82.2 tons)
- Switzerland (79.7 tons)
- Italy (38.7 tons)
- Dominican Republic (26.0 tons)
- Hungary (17.9 tons)
- India (15.1 tons)
Pharmaceutical Goods Exports in Russia
In 2022, pharmaceutical goods exports from Russia reduced modestly to 546 tons, waning by -4% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 42% against the previous year. As a result, the exports attained the peak of 569 tons, and then contracted in the following year.
In value terms, pharmaceutical goods exports stood at $18M in 2022. Overall, exports continue to indicate a noticeable descent.
| Export of Pharmaceutical Goods in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 8.5 | 8.4 | 6.7 | 9.7 | 4.5% |
| Belarus | 3.3 | 3.1 | 3.7 | 3.6 | 2.9% |
| Ukraine | 1.9 | 2.4 | 2.8 | 1.5 | -7.6% |
| Iraq | 0.1 | 0.1 | 0.1 | 0.7 | 91.3% |
| Moldova | 0.2 | 0.2 | 0.2 | 0.6 | 44.2% |
| Armenia | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
| Kyrgyzstan | 0.4 | 0.4 | 0.3 | 0.2 | -20.6% |
| Uzbekistan | 0.7 | 0.3 | 0.8 | 0.1 | -47.7% |
| Azerbaijan | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Others | 4.5 | 2.8 | 2.6 | 1.0 | -39.4% |
| Total | 20.0 | 18.0 | 17.7 | 17.8 | -3.8% |
Top Export Markets for Pharmaceutical Goods from Russia in 2022:
- Kazakhstan (346.6 tons)
- Belarus (77.7 tons)
- Ukraine (39.8 tons)
- Kyrgyzstan (26.1 tons)
- Moldova (18.7 tons)
- Armenia (10.4 tons)
- Iraq (10.3 tons)
- Uzbekistan (2.7 tons)
- Azerbaijan (2.1 tons)
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