Pharmaceutical Goods Price in Serbia - 2023

Contents:

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

Pharmaceutical Goods Price in Serbia (CIF) - 2022

The average pharmaceutical goods import price stood at $109,965 per ton in 2022, waning by -11.5% against the previous year. Overall, the import price showed a mild curtailment. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $132,691 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($382,332 per ton), while the price for China ($17,650 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Serbia (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $36,285 per ton, picking up by 20% against the previous year. Over the period under review, the export price showed a significant expansion. The pace of growth was the most pronounced in 2019 an increase of 266% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 Russia ($229,431 per ton), while the average price for exports to France ($2,464 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 Russia (+84.0%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Serbia

After two years of decline, overseas purchases of pharmaceutical goodses increased by 45% to 235 tons in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods imports soared to $26M 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 +10.6% 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 +56.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Serbia in 2022:

1. Italy (46.3 tons)
2. Germany (36.7 tons)
3. Dominican Republic (27.5 tons)
4. China (21.4 tons)
5. Canada (14.2 tons)
6. Belgium (12.6 tons)
7. Slovenia (12.4 tons)
8. United States (10.8 tons)
9. France (9.8 tons)
10. Ireland (7.5 tons)
11. United Kingdom (6.2 tons)
12. Slovakia (4.0 tons)
13. Switzerland (4.0 tons)

Pharmaceutical Goods Exports in Serbia

In 2022, approx. 124 tons of pharmaceutical goodses were exported from Serbia; growing by 1.7% on 2021. Overall, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 1.9%.

In value terms, pharmaceutical goods exports skyrocketed to $4.5M in 2022. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Pharmaceutical Goods from Serbia in 2022:

1. Bosnia and Herzegovina (44.2 tons)
2. Montenegro (32.3 tons)
3. Slovenia (23.2 tons)
4. Poland (7.7 tons)
5. Croatia (6.0 tons)
6. France (3.7 tons)
7. Russia (2.6 tons)
8. North Macedonia (2.0 tons)

Source: IndexBox Market Intelligence Platform