Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway - 2024

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway (CIF) - 2024
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway (FOB) - 2022
3. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway
4. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway (CIF) - 2024

In January 2024, the average import price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $84,114 per ton, surging by 16% against the previous month. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was the UK ($99,353 per ton), while the price for the Netherlands ($64,559 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Lithuania (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway (FOB) - 2022

The average export price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $83,410 per ton in 2022, falling by -4.8% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for pharmaceutical goods; appliances identifiable for ostomy uses increased by +45.9% against 2018 indices. The pace of growth appeared the most rapid in 2015 an increase of 99% against the previous year. As a result, the export price attained the peak level of $118,631 per ton. From 2016 to 2022, the average export prices remained at a lower figure.

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 Denmark ($120,487 per ton), while the average price for exports to Switzerland ($48,829 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 the UK (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway

Imports of pharmaceutical goods; appliances identifiable for ostomy uses into Norway stood at 360 tons in 2022, remaining relatively unchanged against 2021. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 7.3% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses fell to $28M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $32M, and then dropped in the following year.

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to Norway in 2022:

1. Hungary (93.1 tons)
2. United Kingdom (78.7 tons)
3. Denmark (55.6 tons)
4. Ireland (26.0 tons)
5. Dominican Republic (21.6 tons)
6. United States (21.4 tons)
7. Lithuania (21.1 tons)
8. Slovakia (9.1 tons)

Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Norway

For the third year in a row, Norway recorded decline in overseas shipments of pharmaceutical goods; appliances identifiable for ostomy uses, which decreased by -63.9% to 2.2 tons in 2022. Overall, exports saw a sharp reduction. The smallest decline of -18.7% was in 2021.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses fell dramatically to $184K in 2022. In general, exports faced a sharp reduction. The smallest decline of -7.7% was in 2021.

Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from Norway in 2022:

1. Sweden (1238.0 kg)
2. Netherlands (787.0 kg)
3. Denmark (80.0 kg)
4. Switzerland (70.0 kg)
5. United Kingdom (22.0 kg)

Source: IndexBox Market Intelligence Platform