Pharmaceutical Goods Price in Finland - 2023

Contents:

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

Pharmaceutical Goods Price in Finland (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $115,324 per ton, declining by -7.2% against the previous year. Over the period under review, the import price showed a deep slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 12% against the previous year. Over the period under review, average import prices hit record highs at $195,601 per ton in 2012; however, from 2013 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 Sweden ($526,685 per ton), while the price for Poland ($11,743 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Finland (FOB) - 2022

The average pharmaceutical goods export price stood at $327,517 per ton in 2022, jumping by 31% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2021 when the average export price increased by 33%. The export price peaked at $2,008,058 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($901,335 per ton), while the average price for exports to China ($6,520 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 Norway (+12.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Goods Imports in Finland

Pharmaceutical goods imports into Finland was estimated at 576 tons in 2022, surging by 4% against the previous year's figure. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 12%. 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 modestly to $66M in 2022. The total import value increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, imports reached the peak of $69M, and then declined in the following year.

Top Suppliers of Pharmaceutical Goods to Finland in 2022:

1. China (116.0 tons)
2. Ireland (92.1 tons)
3. United States (66.6 tons)
4. Germany (62.2 tons)
5. Poland (42.2 tons)
6. Denmark (39.0 tons)
7. United Kingdom (19.4 tons)
8. France (19.2 tons)
9. Hungary (18.5 tons)
10. Sweden (16.8 tons)
11. Dominican Republic (15.0 tons)
12. Czech Republic (10.5 tons)
13. Slovakia (10.5 tons)

Pharmaceutical Goods Exports in Finland

In 2022, shipments abroad of pharmaceutical goodses decreased by -21.8% to 34 tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a moderate increase from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -32.3% against 2020 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 67%. As a result, the exports attained the peak of 50 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pharmaceutical goods exports rose to $11M in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Pharmaceutical Goods from Finland in 2022:

1. China (undefined tons)
2. United Arab Emirates (10.3 tons)
3. Sweden (7.2 tons)
4. Germany (5.0 tons)
5. Norway (4.4 tons)
6. Estonia (3.7 tons)
7. Russia (0.9 tons)

Source: IndexBox Market Intelligence Platform