Pharmaceutical Goods Price in Spain - 2023

Contents:

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

Pharmaceutical Goods Price in Spain (CIF) - 2022

The average pharmaceutical goods import price stood at $84,606 per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.1%. The pace of growth was the most pronounced in 2013 when the average import price increased by 30%. The import price peaked at $91,281 per ton in 2020; however, from 2021 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 the United States ($301,721 per ton), while the price for Turkey ($13,262 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Spain (FOB) - 2022

The average pharmaceutical goods export price stood at $84,907 per ton in 2022, picking up by 4% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pharmaceutical goods export price increased by +11.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 78% against the previous year. Over the period under review, the average export prices reached the maximum at $130,915 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($229,674 per ton), while the average price for exports to Belgium ($24,718 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 Portugal (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Spain

In 2022, imports of pharmaceutical goodses into Spain skyrocketed to 6.5K tons, increasing by 32% against the previous year. The total import volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods imports surged to $553M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Spain in 2022:

1. Germany (1722.2 tons)
2. Italy (877.0 tons)
3. Hungary (807.7 tons)
4. Denmark (568.7 tons)
5. Ireland (500.8 tons)
6. France (302.1 tons)
7. Thailand (272.0 tons)
8. China (222.3 tons)
9. Turkey (196.5 tons)
10. Lithuania (164.7 tons)
11. Dominican Republic (136.0 tons)
12. United States (134.2 tons)
13. Portugal (73.5 tons)

Pharmaceutical Goods Exports in Spain

In 2022, overseas shipments of pharmaceutical goodses decreased by -9.8% to 4.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 9.8%. As a result, the exports attained the peak of 5K tons, and then shrank in the following year.

In value terms, pharmaceutical goods exports reduced to $381M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 14%. As a result, the exports reached the peak of $406M, and then contracted in the following year.

Top Export Markets for Pharmaceutical Goods from Spain in 2022:

1. United States (561.1 tons)
2. Germany (551.2 tons)
3. Belgium (461.6 tons)
4. Portugal (370.7 tons)
5. France (278.8 tons)
6. Japan (197.1 tons)
7. Canada (188.5 tons)
8. Italy (170.8 tons)
9. United Kingdom (155.6 tons)
10. Colombia (98.7 tons)
11. Mexico (95.3 tons)
12. Brazil (90.9 tons)
13. China (71.2 tons)

Source: IndexBox Market Intelligence Platform