Pharmaceutical Goods Price in the Czech Republic - 2023

Contents:

1. Pharmaceutical Goods Price in the Czech Republic (CIF) - 2023
2. Pharmaceutical Goods Price in the Czech Republic (FOB) - 2023
3. Pharmaceutical Goods Imports in the Czech Republic
4. Pharmaceutical Goods Exports in the Czech Republic

Pharmaceutical Goods Price in the Czech Republic (CIF) - 2023

In June 2023, the average pharmaceutical goods import price amounted to $90,952 per ton, with a decrease of -5.2% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 49% month-to-month. As a result, import price attained the peak level of $105K per ton. From May 2023 to June 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($367K per ton), while the price for China ($9,269 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in the Czech Republic (FOB) - 2023

The average pharmaceutical goods export price stood at $100K per ton in June 2023, which is down by -10.7% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in May 2023 an increase of 45% month-to-month. As a result, the export price attained the peak level of $112K per ton, and then contracted in the following month.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Spain ($285K per ton), while the average price for exports to the United Arab Emirates ($46,758 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in the Czech Republic

In 2022, the amount of pharmaceutical goodses imported into the Czech Republic soared to 1.7K tons, rising by 29% on the previous year's figure. Over the period under review, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.0% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 57% against the previous year. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pharmaceutical goods imports expanded slightly to $145M in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 5.5% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to the Czech Republic in 2022:

1. Germany (365.8 tons)
2. Hungary (260.8 tons)
3. Slovakia (188.0 tons)
4. Italy (162.5 tons)
5. Spain (140.5 tons)
6. China (102.4 tons)
7. United Kingdom (90.6 tons)
8. France (71.4 tons)
9. United States (50.3 tons)
10. Costa Rica (50.1 tons)
11. Turkey (41.3 tons)
12. Austria (39.6 tons)

Pharmaceutical Goods Exports in the Czech Republic

In 2022, the amount of pharmaceutical goodses exported from the Czech Republic surged to 774 tons, picking up by 28% compared with the previous year. Overall, exports, however, recorded a relatively flat trend pattern.

In value terms, pharmaceutical goods exports soared to $66M in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Top Export Markets for Pharmaceutical Goods from the Czech Republic in 2022:

1. Poland (143.8 tons)
2. Slovakia (134.1 tons)
3. Germany (80.5 tons)
4. Italy (75.4 tons)
5. Austria (66.0 tons)
6. Belgium (38.9 tons)
7. Turkey (37.0 tons)
8. Denmark (35.2 tons)
9. Hungary (29.0 tons)
10. Bulgaria (18.8 tons)
11. United Kingdom (12.9 tons)
12. Russia (11.8 tons)
13. Ukraine (8.2 tons)

Source: IndexBox Market Intelligence Platform