Pharmaceutical Goods Price in Mexico - 2023

Contents:

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

Pharmaceutical Goods Price in Mexico (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $54,040 per ton, which is down by -43.6% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2014 an increase of 29%. Over the period under review, average import prices reached the peak figure at $95,824 per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($685,708 per ton), while the price for Spain ($10,818 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Mexico (FOB) - 2022

The average pharmaceutical goods export price stood at $42,247 per ton in 2022, picking up by 17% against the previous year. In general, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2013 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 the United States ($45,398 per ton), while the average price for exports to Venezuela ($3,317 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 the United States (+13.2%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Goods Imports in Mexico

In 2022, pharmaceutical goods imports into Mexico skyrocketed to 3.8K tons, jumping by 111% against 2021. Overall, imports continue to indicate a significant expansion. 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 $206M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Mexico in 2022:

1. United States (1483.2 tons)
2. Spain (1234.8 tons)
3. China (231.5 tons)
4. Italy (214.1 tons)
5. Ireland (152.7 tons)
6. Germany (108.1 tons)
7. United Kingdom (74.1 tons)
8. Canada (53.4 tons)

Pharmaceutical Goods Exports in Mexico

In 2022, overseas shipments of pharmaceutical goodses were finally on the rise to reach 2.3K tons after two years of decline. In general, exports, however, showed a deep reduction.

In value terms, pharmaceutical goods exports surged to $97M in 2022. Over the period under review, total exports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +4.2% 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 +48.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pharmaceutical Goods from Mexico in 2022:

1. United States (2051.2 tons)
2. Panama (147.8 tons)
3. Ecuador (58.2 tons)
4. Venezuela (27.5 tons)

Source: IndexBox Market Intelligence Platform