Pharmaceutical Goods Price in Costa Rica - 2022
Contents:
- Pharmaceutical Goods Price in Costa Rica (FOB) - 2022
- Pharmaceutical Goods Price in Costa Rica (CIF) - 2022
- Pharmaceutical Goods Exports in Costa Rica
- Pharmaceutical Goods Imports in Costa Rica
Pharmaceutical Goods Price in Costa Rica (FOB) - 2022
The average pharmaceutical goods export price stood at $47,940 per ton in 2022, picking up by 25% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The growth pace was the most rapid in 2021 an increase of 29%. The export price peaked at $95,483 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($106,705 per ton), while the average price for exports to Germany ($34,049 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 Germany (+37.5%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Price in Costa Rica (CIF) - 2022
The average pharmaceutical goods import price stood at $71,377 per ton in 2022, with an increase of 74% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, average import prices attained the maximum at $74,398 per ton in 2013; however, from 2014 to 2022, 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 the United States ($252,200 per ton), while the price for Italy ($7,015 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+28.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Exports in Costa Rica
In 2022, approx. 1.3K tons of pharmaceutical goodses were exported from Costa Rica; increasing by 58% against the year before. In general, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by 101% against the previous year. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, pharmaceutical goods exports skyrocketed to $62M in 2022. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 149%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Export of Pharmaceutical Goods in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.2 | 16.0 | 8.7 | 15.1 | 53.2% |
| Hungary | 1.6 | 8.0 | 8.2 | 14.2 | 107.0% |
| China | 0.1 | 2.7 | 2.0 | 7.5 | 321.7% |
| United Kingdom | N/A | 1.4 | 4.9 | 6.7 | 118.8% |
| United States | 1.6 | 1.1 | 1.2 | 4.1 | 36.8% |
| South Africa | 1.1 | 1.0 | 1.6 | 2.7 | 34.9% |
| South Korea | 0.9 | 1.1 | 1.7 | 2.4 | 38.7% |
| Brazil | N/A | 0.3 | 0.2 | 2.0 | 158.2% |
| Argentina | N/A | 3.8 | 0.5 | 1.8 | -31.2% |
| Japan | 0.2 | 0.6 | 0.5 | 1.5 | 95.7% |
| Honduras | 2.3 | 1.2 | 0.2 | 0.5 | -39.9% |
| Others | 4.7 | 4.6 | 2.1 | 4.0 | -5.2% |
| Total | 16.8 | 41.8 | 31.7 | 62.4 | 54.9% |
Top Export Markets for Pharmaceutical Goods from Costa Rica in 2022:
- Germany (442.4 tons)
- Hungary (294.8 tons)
- China (155.4 tons)
- United States (84.7 tons)
- United Kingdom (62.3 tons)
- South Africa (56.0 tons)
- South Korea (54.7 tons)
- Brazil (39.0 tons)
- Japan (28.1 tons)
- Argentina (26.2 tons)
- Honduras (7.5 tons)
Pharmaceutical Goods Imports in Costa Rica
In 2022, the amount of pharmaceutical goodses imported into Costa Rica soared to 789 tons, growing by 175% compared with the year before. Over the period under review, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, pharmaceutical goods imports skyrocketed to $56M in 2022. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pharmaceutical Goods in Costa Rica (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.9 | 3.1 | 2.8 | 22.8 | 80.1% |
| Brazil | 0.4 | 0.4 | 0.3 | 5.6 | 141.0% |
| Hungary | 1.6 | 1.9 | 2.4 | 4.0 | 35.7% |
| Chile | 1.0 | 0.7 | 1.0 | 3.7 | 54.7% |
| Germany | 0.5 | 0.4 | 0.6 | 3.2 | 85.7% |
| Netherlands | 0.3 | 0.2 | 0.4 | 2.9 | 113.0% |
| Colombia | 0.8 | 0.7 | 0.6 | 2.6 | 48.1% |
| Mexico | N/A | N/A | N/A | 2.5 | 0% |
| United Kingdom | N/A | N/A | N/A | 1.4 | 0% |
| Spain | 0.1 | 0.3 | 0.1 | 0.8 | 100.0% |
| Dominican Republic | 1.2 | 0.8 | 1.1 | 0.6 | -20.6% |
| Italy | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| China | 1.1 | 1.0 | 0.9 | 0.1 | -55.0% |
| Others | 1.6 | 9.8 | 1.5 | 6.0 | 55.4% |
| Total | 12.7 | 19.6 | 11.7 | 56.3 | 64.3% |
Top Suppliers of Pharmaceutical Goods to Costa Rica in 2022:
- Hungary (325.7 tons)
- Spain (107.3 tons)
- United States (90.3 tons)
- Chile (64.1 tons)
- Netherlands (29.2 tons)
- Brazil (22.6 tons)
- Italy (20.0 tons)
- Dominican Republic (18.1 tons)
- Colombia (16.4 tons)
- Mexico (15.8 tons)
- Germany (14.6 tons)
- United Kingdom (11.9 tons)
- China (2.8 tons)
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