Pharmaceutical Goods Price in Hong Kong SAR - 2023
Contents:
- Pharmaceutical Goods Price in Hong Kong SAR (CIF) - 2023
- Pharmaceutical Goods Price in Hong Kong SAR (FOB) - 2023
- Pharmaceutical Goods Imports in Hong Kong SAR
- Pharmaceutical Goods Exports in Hong Kong SAR
Pharmaceutical Goods Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average pharmaceutical goods import price amounted to $140K per ton, shrinking by -5.2% against the previous month. Overall, the import price continues to indicate a drastic downturn. The pace of growth appeared the most rapid in January 2023 when the average import price increased by 21% month-to-month. Over the period under review, average import prices reached the maximum at $445K per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Ireland ($222K per ton), while the price for the UK ($39,807 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in Hong Kong SAR (FOB) - 2023
The average pharmaceutical goods export price stood at $127K per ton in June 2023, declining by -18.1% against the previous month. In general, the export price showed a slight decline. The pace of growth was the most pronounced in July 2022 an increase of 32% m-o-m. As a result, the export price reached the peak level of $207K per ton. From August 2022 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Vietnam ($312K per ton), while the average price for exports to Macao SAR ($83,341 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 Vietnam (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Imports in Hong Kong SAR
After two years of decline, supplies from abroad of pharmaceutical goodses increased by 11% to 661 tons in 2022. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, pharmaceutical goods imports totaled $96M in 2022. In general, imports, however, showed a drastic downturn.
| Import of Pharmaceutical Goods in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 65.8 | 47.2 | 31.9 | 40.3 | -15.1% |
| Germany | 11.5 | 9.9 | 13.2 | 11.5 | 0.0% |
| Singapore | 10.3 | 9.2 | 12.7 | 8.8 | -5.1% |
| United States | 8.7 | 5.3 | 4.1 | 6.9 | -7.4% |
| Netherlands | 2.1 | 2.0 | 7.4 | 6.4 | 45.0% |
| Ireland | 5.3 | 9.0 | 0.6 | 5.6 | 1.9% |
| China | 5.0 | 4.0 | 6.1 | 5.1 | 0.7% |
| Italy | 4.2 | 6.8 | 4.3 | 2.9 | -11.6% |
| Denmark | 1.2 | 1.9 | 1.5 | 1.8 | 14.5% |
| Japan | 1.2 | 1.2 | 1.6 | 1.0 | -5.9% |
| United Kingdom | 0.3 | 0.3 | 0.6 | 0.7 | 32.6% |
| Others | 7.4 | 6.2 | 7.8 | 5.1 | -11.7% |
| Total | 123 | 103 | 91.7 | 96.1 | -7.9% |
Top Suppliers of Pharmaceutical Goods to Hong Kong SAR in 2022:
- France (243.8 tons)
- China (85.4 tons)
- United States (63.2 tons)
- Germany (57.5 tons)
- Singapore (32.3 tons)
- Denmark (29.8 tons)
- United Kingdom (29.6 tons)
- Ireland (25.3 tons)
- Netherlands (23.3 tons)
- Japan (15.8 tons)
- Italy (14.0 tons)
Pharmaceutical Goods Exports in Hong Kong SAR
In 2022, overseas shipments of pharmaceutical goodses increased by 22% to 569 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a abrupt decline.
In value terms, pharmaceutical goods exports rose markedly to $72M in 2022. In general, exports, however, recorded a abrupt decrease.
| Export of Pharmaceutical Goods in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.8 | 18.2 | 20.4 | 32.4 | 2.8% |
| Taiwan (Chinese) | 8.0 | 8.2 | 9.3 | 9.2 | 4.8% |
| Thailand | 4.1 | 5.2 | 6.1 | 6.4 | 16.0% |
| Vietnam | 6.6 | 8.1 | 2.4 | 4.8 | -10.1% |
| South Korea | 26.9 | 22.6 | 10.2 | 4.7 | -44.1% |
| India | 2.1 | 1.7 | 3.1 | 2.8 | 10.1% |
| Macao SAR | 2.6 | 2.0 | 3.3 | 2.0 | -8.4% |
| Malaysia | 1.0 | 1.0 | 1.0 | 1.7 | 19.3% |
| Australia | 3.1 | 1.8 | 2.2 | 1.6 | -19.8% |
| Singapore | 1.0 | 0.6 | 0.7 | 0.9 | -3.5% |
| Others | 3.6 | 4.5 | 4.5 | 5.2 | 13.0% |
| Total | 88.8 | 73.9 | 63.2 | 71.8 | -6.8% |
Top Export Markets for Pharmaceutical Goods from Hong Kong SAR in 2022:
- China (261.4 tons)
- Taiwan (Chinese) (73.7 tons)
- Thailand (48.5 tons)
- Vietnam (36.4 tons)
- South Korea (33.8 tons)
- Macao SAR (22.8 tons)
- India (21.3 tons)
- Malaysia (15.5 tons)
- Australia (11.5 tons)
- Singapore (8.7 tons)
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