Pharmaceutical Goods Price in Bolivia - 2023

Pharmaceutical Goods Price in Bolivia (CIF) - 2023

The average pharmaceutical goods import price stood at $403K per ton in October 2023, growing by 104% against the previous month. Overall, the import price recorded a measured expansion. Over the period under review, average import prices reached the maximum at $466K per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($334K per ton), while the price for the Dominican Republic ($63,651 per ton) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by the United States (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Pharmaceutical Goods Price in Bolivia (FOB) - 2022

The average pharmaceutical goods export price stood at $50,275 per ton in 2022, leveling off at the previous year. Overall, the export price faced a abrupt slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 18% against the previous year. The export price peaked at $215,639 per ton in 2013; however, from 2014 to 2022, the 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 Paraguay ($52,641 per ton), while the average price for exports to the United States totaled $400 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-10.0%).

Pharmaceutical Goods Imports in Bolivia

In 2022, the amount of pharmaceutical goodses imported into Bolivia shrank dramatically to 159 tons, with a decrease of -28.8% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports attained the peak of 223 tons, and then declined dramatically in the following year.

In value terms, pharmaceutical goods imports reduced sharply to $11M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 80%. As a result, imports attained the peak of $13M, and then contracted sharply in the following year.

Import of Pharmaceutical Goods in Bolivia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	1,888	1,795	3,309	2,293	6.7%
Germany	1,080	1,145	1,589	2,184	26.5%
United States	1,477	956	1,595	1,447	-0.7%
Peru	420	299	570	622	14.0%
Spain	314	355	514	549	20.5%
Chile	480	261	816	476	-0.3%
India	321	175	331	405	8.1%
Mexico	198	103	548	292	13.8%
Uruguay	127	188	373	256	26.3%
Colombia	355	224	260	253	-10.7%
Belgium	359	148	332	209	-16.5%
China	106	543	385	169	16.8%
Others	1,855	1,056	2,424	1,657	-3.7%
Total	8,980	7,247	13,045	10,812	6.4%

Top Suppliers of Pharmaceutical Goods to Bolivia in 2022:

Brazil (36.2 tons)
United States (36.2 tons)
Chile (13.9 tons)
India (13.6 tons)
China (13.5 tons)
Germany (11.5 tons)
Uruguay (6.7 tons)
Spain (4.4 tons)
Peru (4.1 tons)
Mexico (2.9 tons)
Belgium (2.9 tons)
Colombia (1.1 tons)

Pharmaceutical Goods Exports in Bolivia

Pharmaceutical goods exports from Bolivia amounted to 552 kg in 2022, flattening at the previous year. Over the period under review, exports showed a significant expansion. The smallest decline of -66.7% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pharmaceutical goods exports totaled $28K in 2022. In general, exports saw a significant expansion. The smallest decline of -76.5% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.