Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand - 2024
Contents:
- Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand (CIF) - 2024
- Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand (FOB) - 2022
- Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand
- Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand
Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand (CIF) - 2024
The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $56,103 per ton in January 2024, almost unchanged from the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 11% month-to-month. Over the period under review, average import prices attained the peak figure at $59,716 per ton in April 2023; however, from May 2023 to January 2024, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the country with the highest price was the Dominican Republic ($58,976 per ton), while the price for China ($45,571 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 the Dominican Republic (+0.9%), while the prices for the other major suppliers experienced a decline.
Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand (FOB) - 2022
The average export price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $9,475 per ton in 2022, falling by -13.7% against the previous year. Overall, the export price showed a deep reduction. The growth pace was the most rapid in 2016 when the average export price increased by 489%. As a result, the export price attained the peak level of $71,631 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.
From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to -34.6% per year.
Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand
Imports of pharmaceutical goods; appliances identifiable for ostomy uses into Thailand rose remarkably to 95 tons in 2022, growing by 9.9% on 2021 figures. The total import volume increased at an average annual rate of +10.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses surged to $5.1M in 2022. The total import value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 2.8 | 2.4 | 3.5 | 3.5 | 7.7% |
| United States | 0.9 | 0.2 | 0.2 | 0.8 | -3.9% |
| Hungary | N/A | N/A | N/A | 0.4 | 0% |
| China | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
| Denmark | 0.3 | 0.5 | 0.4 | N/A | 15.5% |
| Others | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Total | 4.3 | 3.6 | 4.3 | 5.1 | 5.9% |
Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to Thailand in 2022:
- Dominican Republic (60.7 tons)
- United States (18.5 tons)
- Hungary (7.2 tons)
- China (7.1 tons)
Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand
Exports of pharmaceutical goods; appliances identifiable for ostomy uses from Thailand fell notably to 99 kg in 2022, with a decrease of -97.2% on 2021 figures. In general, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 357,200% against the previous year. As a result, the exports attained the peak of 3.6 tons, and then fell significantly in the following year.
In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses reduced rapidly to $938 in 2022. Over the period under review, exports faced a sharp reduction. The growth pace was the most rapid in 2021 when exports increased by 653,733% against the previous year.
| Export of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | N/A | N/A | N/A | 0.9 | 0% |
| South Korea | N/A | N/A | 25.9 | N/A | 0% |
| United States | 42.1 | N/A | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 7.9 | N/A | 0% |
| South Africa | N/A | N/A | 1.1 | N/A | 0% |
| Australia | N/A | N/A | 4.3 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 42.1 | N/A | 39.2 | 0.9 | -72.2% |
Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from Thailand in 2022:
- Hong Kong SAR (99.0 kg)
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