Pharmaceutical Goods Price in France - 2023
Contents:
- Pharmaceutical Goods Price in France (CIF) - 2022
- Pharmaceutical Goods Price in France (FOB) - 2023
- Pharmaceutical Goods Imports in France
- Pharmaceutical Goods Exports in France
Pharmaceutical Goods Price in France (CIF) - 2022
In 2022, the average pharmaceutical goods import price amounted to $47,435 per ton, falling by -21.9% against the previous year. Overall, the import price recorded a abrupt decline. The growth pace was the most rapid in 2020 an increase of 7.2%. The import price peaked at $91,744 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($119,933 per ton), while the price for Turkey ($3,807 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in France (FOB) - 2023
In June 2023, the average pharmaceutical goods export price amounted to $99,169 per ton, dropping by -10.8% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in April 2023 when the average export price increased by 43% month-to-month. As a result, the export price attained the peak level of $128K per ton. From May 2023 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Switzerland ($472K per ton), while the average price for exports to Vietnam ($43,652 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Imports in France
In 2022, approx. 23K tons of pharmaceutical goodses were imported into France; increasing by 101% on 2021 figures. Overall, imports recorded a significant expansion. 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 $1.1B in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.8% 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 +66.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pharmaceutical Goods in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 89.6 | 96.4 | 98.3 | 567 | 85.0% |
| Netherlands | 89.5 | 114 | 135 | 117 | 9.3% |
| Belgium | 6.6 | 70.7 | 95.7 | 88.7 | 137.8% |
| Ireland | 75.0 | 43.4 | 49.5 | 51.0 | -12.1% |
| Hungary | 38.8 | 47.4 | 51.8 | 49.7 | 8.6% |
| Italy | 52.4 | 68.8 | 52.2 | 44.0 | -5.7% |
| United States | 52.7 | 29.0 | 33.9 | 27.7 | -19.3% |
| Spain | 12.1 | 15.3 | 15.0 | 21.3 | 20.7% |
| Canada | 34.7 | 26.4 | 27.6 | 18.5 | -18.9% |
| Tunisia | 6.9 | 8.1 | 10.6 | 12.0 | 20.3% |
| China | 7.1 | 5.6 | 5.9 | 6.4 | -3.4% |
| Turkey | 1.8 | 2.2 | 2.2 | 2.7 | 14.5% |
| Bulgaria | 2.9 | 2.3 | 2.8 | 2.2 | -8.8% |
| Others | 201 | 130 | 117 | 87.9 | -24.1% |
| Total | 671 | 659 | 697 | 1,096 | 17.8% |
Top Suppliers of Pharmaceutical Goods to France in 2022:
- Germany (13.2K tons)
- Italy (1.9K tons)
- Tunisia (1.4K tons)
- Netherlands (1.2K tons)
- Belgium (0.9K tons)
- Turkey (0.7K tons)
- Hungary (0.7K tons)
- China (0.6K tons)
- Ireland (0.5K tons)
- Canada (0.4K tons)
- United States (0.4K tons)
- Spain (0.4K tons)
- Bulgaria (0.2K tons)
Pharmaceutical Goods Exports in France
In 2022, exports of pharmaceutical goodses from France expanded remarkably to 6.2K tons, with an increase of 5.4% compared with the year before. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 18% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, pharmaceutical goods exports contracted slightly to $524M in 2022. In general, exports, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of 6.1%.
| Export of Pharmaceutical Goods in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 35.4 | 32.1 | 57.5 | 53.1 | 14.5% |
| Spain | 106 | 84.5 | 57.7 | 44.9 | -24.9% |
| Italy | 46.8 | 51.8 | 46.6 | 44.6 | -1.6% |
| Netherlands | 38.4 | 46.0 | 51.3 | 40.1 | 1.5% |
| Germany | 39.3 | 36.6 | 27.7 | 37.3 | -1.7% |
| United States | 71.4 | 22.4 | 45.5 | 35.6 | -20.7% |
| Hong Kong SAR | 66.1 | 47.3 | 34.5 | 35.4 | -18.8% |
| Switzerland | 22.5 | 30.0 | 33.6 | 23.8 | 1.9% |
| South Korea | 3.6 | 8.6 | 14.5 | 19.0 | 74.1% |
| China | 1.9 | 3.7 | 4.9 | 14.2 | 95.5% |
| Bulgaria | 0.5 | 0.3 | 0.4 | 7.7 | 148.8% |
| Vietnam | 2.4 | 8.1 | 10.3 | 6.3 | 37.9% |
| Hungary | 3.9 | 5.8 | 14.2 | 5.5 | 12.1% |
| Others | 162 | 129 | 139 | 157 | -1.0% |
| Total | 600 | 506 | 537 | 524 | -4.4% |
Top Export Markets for Pharmaceutical Goods from France in 2022:
- Belgium (1327.5 tons)
- Spain (700.4 tons)
- Netherlands (452.6 tons)
- Italy (398.9 tons)
- Germany (394.8 tons)
- Hungary (363.5 tons)
- Hong Kong SAR (287.2 tons)
- South Korea (202.0 tons)
- Bulgaria (136.3 tons)
- United States (134.4 tons)
- Switzerland (130.5 tons)
- Vietnam (120.2 tons)
- China (115.5 tons)
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