Pharmaceutical Goods Price in Bahrain - 2022

Contents:

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

Pharmaceutical Goods Price in Bahrain (CIF) - 2022

The average pharmaceutical goods import price stood at $46,429 per ton in 2022, which is down by -7.4% against the previous year. Overall, the import price showed a noticeable descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 52%. Over the period under review, average import prices hit record highs at $90,939 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($238,206 per ton), while the price for China ($5,404 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Bahrain (FOB) - 2022

The average pharmaceutical goods export price stood at $12,253 per ton in 2022, waning by -48.6% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 126%. As a result, the export price attained the peak level of $26,674 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($85,515 per ton), while the average price for exports to Oman totaled $11,021 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+16.9%).

Pharmaceutical Goods Imports in Bahrain

In 2022, the amount of pharmaceutical goodses imported into Bahrain amounted to 105 tons, growing by 4.3% compared with 2021 figures. The total import volume increased at an average annual rate of +4.2% over the period 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 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, pharmaceutical goods imports dropped to $4.9M in 2022. Overall, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 0.9%.

Top Suppliers of Pharmaceutical Goods to Bahrain in 2022:

1. China (41.2 tons)
2. Italy (12.8 tons)
3. Turkey (11.6 tons)
4. United States (7.1 tons)
5. France (3.8 tons)
6. Germany (3.8 tons)
7. United Kingdom (3.7 tons)
8. Saudi Arabia (3.4 tons)
9. South Korea (2.0 tons)
10. India (1.8 tons)
11. Dominican Republic (1.8 tons)
12. United Arab Emirates (1.0 tons)
13. Ireland (0.9 tons)

Pharmaceutical Goods Exports in Bahrain

In 2022, exports of pharmaceutical goodses from Bahrain skyrocketed to 39 tons, surging by 101% compared with 2021. Overall, exports saw resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods exports rose slightly to $477K in 2022. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 120% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Pharmaceutical Goods from Bahrain in 2022:

1. Oman (38.2 tons)

Source: IndexBox Market Intelligence Platform