Pharmaceutical Goods Price in Belarus - 2022

Pharmaceutical Goods Price in Belarus (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $176,542 per ton, shrinking by -4.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 23%. The import price peaked at $230,539 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($433,380 per ton), while the price for Ukraine ($43,908 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 (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Belarus (FOB) - 2022

The average pharmaceutical goods export price stood at $54,680 per ton in March 2022, falling by -19.8% against the previous month. Overall, the export price continues to indicate a deep reduction. The growth pace was the most rapid in July 2021 an increase of 261% m-o-m. As a result, the export price reached the peak level of $232K per ton. From August 2021 to March 2022, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Kazakhstan ($233K per ton), while the average price for exports to Russia totaled $48,992 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+0.7%).

Pharmaceutical Goods Imports in Belarus

In 2022, approx. 177 tons of pharmaceutical goodses were imported into Belarus; surging by 9.5% against 2021. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, pharmaceutical goods imports expanded modestly to $31M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.

Import of Pharmaceutical Goods in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	7.6	6.0	6.9	6.8	-3.6%
Russia	3.5	3.3	4.2	4.1	5.4%
Hungary	3.3	3.6	3.3	3.3	0.0%
Ireland	2.7	2.3	3.1	3.1	4.7%
Japan	3.2	3.0	2.0	2.7	-5.5%
United States	3.5	2.4	2.5	2.7	-8.3%
Switzerland	2.0	1.7	2.4	2.4	6.3%
Ukraine	1.3	0.7	0.7	0.9	-11.5%
South Korea	1.0	0.8	0.9	0.9	-3.5%
Belgium	0.1	0.1	0.8	0.8	100.0%
China	0.2	0.2	0.1	0.2	0.0%
Others	3.2	2.6	3.0	3.4	2.0%
Total	31.6	26.7	29.9	31.2	-0.4%

Top Suppliers of Pharmaceutical Goods to Belarus in 2022:

Russia (50.7 tons)
Hungary (21.3 tons)
Germany (20.0 tons)
Ukraine (19.7 tons)
Ireland (19.3 tons)
Japan (9.3 tons)
Belgium (7.0 tons)
United States (6.3 tons)
Switzerland (5.6 tons)
China (3.5 tons)
South Korea (3.5 tons)

Pharmaceutical Goods Exports in Belarus

Pharmaceutical goods exports from Belarus skyrocketed to 216 tons in 2022, jumping by 117% compared with 2021. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods exports skyrocketed to $11M in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.