Pharmaceutical Goods Price in Belgium - 2023

Pharmaceutical Goods Price in Belgium (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $140,221 per ton, with an increase of 4% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 17% against the previous year. The export price peaked at $323,238 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Singapore ($302,505 per ton), while the average price for exports to France ($75,980 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 Netherlands (+2.5%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Goods Price in Belgium (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $71,913 per ton, increasing by 17% against the previous year. Overall, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. As a result, import price reached the peak level of $236,930 per ton. From 2016 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($238,341 per ton), while the price for China ($9,357 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.8%), while the prices for the other major suppliers experienced a decline.

Pharmaceutical Goods Exports in Belgium

After three years of growth, overseas shipments of pharmaceutical goodses decreased by -22.1% to 10K tons in 2022. Overall, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 102% against the previous year.

In value terms, pharmaceutical goods exports contracted significantly to $1.4B in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 37%.

Export of Pharmaceutical Goods in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	95.8	269	264	288	44.3%
Germany	134	164	205	143	2.2%
United Kingdom	96.0	89.5	121	108	4.0%
Singapore	94.8	127	115	88.2	-2.4%
Italy	77.9	92.6	108	84.6	2.8%
France	77.9	83.1	112	72.5	-2.4%
Spain	41.5	48.7	64.3	48.0	5.0%
Netherlands	34.2	41.5	51.3	39.7	5.1%
Saudi Arabia	20.3	16.4	33.1	36.5	21.6%
Russia	32.4	72.9	71.8	27.3	-5.5%
Canada	7.9	18.9	28.9	25.6	48.0%
South Africa	19.2	18.3	32.8	17.8	-2.5%
Others	380	482	546	441	5.1%
Total	1,112	1,524	1,753	1,420	8.5%

Top Export Markets for Pharmaceutical Goods from Belgium in 2022:

United States (3112.6 tons)
Germany (1730.4 tons)
France (954.1 tons)
Italy (361.6 tons)
United Kingdom (360.9 tons)
Netherlands (345.8 tons)
Singapore (291.5 tons)
Canada (242.1 tons)
Spain (192.1 tons)
Saudi Arabia (163.3 tons)
South Africa (83.7 tons)
Russia (77.8 tons)

Pharmaceutical Goods Imports in Belgium

In 2022, purchases abroad of pharmaceutical goodses decreased by -39.3% to 13K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2020 when imports increased by 28% against the previous year.

In value terms, pharmaceutical goods imports dropped significantly to $920M in 2022. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 33%.

Import of Pharmaceutical Goods in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	332	437	457	339	0.7%
Germany	226	299	397	269	6.0%
Switzerland	68.3	101	91.4	86.0	8.0%
Japan	55.8	79.3	107	56.5	0.4%
Netherlands	33.3	53.0	52.8	29.0	-4.5%
France	18.8	21.9	28.2	15.5	-6.2%
Canada	4.6	4.7	3.0	14.3	45.9%
Ireland	11.5	13.8	13.3	10.6	-2.7%
China	9.2	5.7	9.4	7.7	-5.8%
Italy	9.1	12.3	9.8	4.4	-21.5%
Spain	5.0	8.2	7.5	3.7	-9.5%
Others	92.6	116	113	84.1	-3.2%
Total	866	1,152	1,289	920	2.0%