Pharmaceutical Goods Price in Israel - 2023

Contents:

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

Pharmaceutical Goods Price in Israel (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $195,104 per ton, increasing by 2.4% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 7.1%. Over the period under review, average import prices hit record highs at $1,303,374 per ton in 2012; however, from 2013 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 Switzerland ($349,944 per ton), while the price for Turkey ($25,173 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (-12.3%), while the prices for the other major suppliers experienced a decline.

Pharmaceutical Goods Price in Israel (FOB) - 2022

The average pharmaceutical goods export price stood at $206,726 per ton in 2022, dropping by -16.4% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 29%. As a result, the export price reached the peak level of $584,623 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($313,193 per ton), while the average price for exports to Brazil ($19,595 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 Australia (+1.4%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Goods Imports in Israel

Pharmaceutical goods imports into Israel skyrocketed to 555 tons in 2022, growing by 20% compared with the previous year. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods imports soared to $108M in 2022. The total import value increased at an average annual rate of +12.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Israel in 2022:

1. United States (126.2 tons)
2. Germany (76.7 tons)
3. Ireland (51.2 tons)
4. Hungary (41.6 tons)
5. Switzerland (29.3 tons)
6. France (24.9 tons)
7. Austria (23.2 tons)
8. China (16.5 tons)
9. Dominican Republic (16.4 tons)
10. Turkey (14.0 tons)
11. Italy (13.5 tons)
12. Belgium (12.8 tons)
13. Denmark (12.7 tons)

Pharmaceutical Goods Exports in Israel

Pharmaceutical goods exports from Israel surged to 145 tons in 2022, picking up by 46% on the year before. In general, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods exports skyrocketed to $30M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 35%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Top Export Markets for Pharmaceutical Goods from Israel in 2022:

1. United States (41.7 tons)
2. Netherlands (13.6 tons)
3. China (13.3 tons)
4. France (12.7 tons)
5. Hong Kong SAR (10.6 tons)
6. Brazil (9.4 tons)
7. Italy (6.6 tons)
8. Russia (5.5 tons)
9. Australia (4.2 tons)
10. Poland (3.5 tons)
11. Germany (3.4 tons)
12. Canada (3.3 tons)

Source: IndexBox Market Intelligence Platform