Pharmaceutical Goods Price in Uganda - 2022

Contents:

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

Pharmaceutical Goods Price in Uganda (CIF) - 2022

The average pharmaceutical goods import price stood at $37,579 per ton in 2022, picking up by 14% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pharmaceutical goods import price increased by +47.7% against 2019 indices. The growth pace was the most rapid in 2013 an increase of 124% against the previous year. Over the period under review, average import prices hit record highs at $56,289 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +14.8% per year.

Pharmaceutical Goods Price in Uganda (FOB) - 2022

The average pharmaceutical goods export price stood at $139,754 per ton in 2022, with a decrease of -15.5% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 60% against the previous year. As a result, the export price attained the peak level of $279,227 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Rwanda ($221,000 per ton), while the average price for exports to Burundi totaled $137,999 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+681.7%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Goods Imports in Uganda

In 2022, after three years of growth, there was significant decline in overseas purchases of pharmaceutical goodses, when their volume decreased by -27.2% to 198 tons. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year.

In value terms, pharmaceutical goods imports shrank significantly to $7.4M in 2022. Over the period under review, imports, however, saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 153% against the previous year.

Top Suppliers of Pharmaceutical Goods to Uganda in 2022:

1. United Arab Emirates (197.8 tons)

Pharmaceutical Goods Exports in Uganda

In 2022, pharmaceutical goods exports from Uganda reduced dramatically to 804 kg, waning by -16.8% compared with the previous year. In general, exports, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 215%. As a result, the exports attained the peak of 966 kg, and then shrank dramatically in the following year.

In value terms, pharmaceutical goods exports dropped significantly to $112K in 2022. Overall, exports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 146%. As a result, the exports reached the peak of $160K, and then contracted markedly in the following year.

Top Export Markets for Pharmaceutical Goods from Uganda in 2022:

1. Burundi (787.0 kg)
2. Rwanda (17.0 kg)

Source: IndexBox Market Intelligence Platform