Pharmaceutical Goods Price in Tanzania - 2022

Contents:

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

Pharmaceutical Goods Price in Tanzania (CIF) - 2022

The average pharmaceutical goods import price stood at $13,069 per ton in 2022, dropping by -49% against the previous year. Over the period under review, the import price showed a deep contraction. The growth pace was the most rapid in 2020 when the average import price increased by 62%. Over the period under review, average import prices attained the peak figure at $53,785 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat 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 Denmark ($127,927 per ton), while the price for Thailand ($1,916 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Tanzania (FOB) - 2022

The average pharmaceutical goods export price stood at $1,313 per ton in 2022, reducing by -96.9% against the previous year. Overall, the export price showed a dramatic descent. The most prominent rate of growth was recorded in 2013 an increase of 248%. As a result, the export price attained the peak level of $70,655 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($9,088 per ton), while the average price for exports to Sweden ($241 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 Malawi (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Goods Imports in Tanzania

After two years of decline, supplies from abroad of pharmaceutical goodses increased by 269% to 1.2K tons in 2022. Over the period under review, imports posted a significant increase. 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 $16M in 2022. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Tanzania in 2022:

1. Thailand (810.1 tons)
2. India (110.6 tons)
3. Germany (101.1 tons)
4. China (65.4 tons)
5. Netherlands (43.8 tons)
6. Italy (20.7 tons)
7. Denmark (19.4 tons)
8. United Arab Emirates (8.1 tons)

Pharmaceutical Goods Exports in Tanzania

In 2022, the amount of pharmaceutical goodses exported from Tanzania skyrocketed to 3.2 tons, jumping by 200% against 2021 figures. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 489% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, pharmaceutical goods exports shrank dramatically to $4.2K in 2022. Overall, exports showed strong growth. The growth pace was the most rapid in 2020 with an increase of 613% against the previous year.

Top Export Markets for Pharmaceutical Goods from Tanzania in 2022:

1. Uganda (2000.0 kg)
2. Comoros (553.0 kg)
3. Zimbabwe (195.0 kg)
4. Democratic Republic of the Congo (182.0 kg)
5. Sweden (166.0 kg)
6. Egypt (113.0 kg)

Source: IndexBox Market Intelligence Platform