Pharmaceutical Goods Price in the United Arab Emirates - 2021
Contents:
- Pharmaceutical Goods Price in the United Arab Emirates (CIF) - 2022
- Pharmaceutical Goods Price in the United Arab Emirates (FOB) - 2022
- Pharmaceutical Goods Imports in the United Arab Emirates
- Pharmaceutical Goods Exports in the United Arab Emirates
Pharmaceutical Goods Price in the United Arab Emirates (CIF) - 2022
The average pharmaceutical goods import price stood at $64,756 per ton in 2022, remaining relatively unchanged against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. Over the period under review, average import prices attained the maximum at $77,175 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($352,917 per ton), while the price for Turkey ($10,766 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in the United Arab Emirates (FOB) - 2022
The average pharmaceutical goods export price stood at $19,382 per ton in 2022, waning by -69.7% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 113%. The export price peaked at $64,062 per ton in 2021, and then reduced remarkably in the following year.
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 Benin ($36,469 per ton), while the average price for exports to Tanzania ($7,188 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 Malaysia (+39.6%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Imports in the United Arab Emirates
In 2022, approx. 1.5K tons of pharmaceutical goodses were imported into the United Arab Emirates; dropping by -11.3% compared with 2021 figures. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. As a result, imports reached the peak of 1.6K tons, and then declined in the following year.
In value terms, pharmaceutical goods imports reduced to $94M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of $105M, and then fell in the following year.
| Import of Pharmaceutical Goods in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 6.3 | 6.6 | 12.4 | 10.7 | 19.3% |
| Belgium | 5.3 | 7.5 | 7.5 | 6.9 | 9.2% |
| United States | 7.5 | 5.6 | 6.8 | 5.8 | -8.2% |
| Ireland | 5.2 | 4.6 | N/A | 5.2 | 0.0% |
| China | 3.1 | 4.1 | 6.6 | 4.5 | 13.2% |
| India | 3.6 | 2.9 | 3.6 | 4.0 | 3.6% |
| Netherlands | 4.8 | 3.5 | 4.2 | 3.5 | -10.0% |
| South Korea | 1.9 | 2.2 | 2.8 | 2.9 | 15.1% |
| United Kingdom | 2.4 | 4.3 | 2.9 | 1.2 | -20.6% |
| Italy | 0.7 | 0.5 | 0.6 | 0.9 | 8.7% |
| Turkey | 0.4 | 0.8 | 1.3 | 0.8 | 26.0% |
| Bulgaria | 0.1 | 0.4 | 1.2 | 0.7 | 91.3% |
| Poland | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
| Others | 44.6 | 40.0 | 54.8 | 46.6 | 1.5% |
| Total | 86.0 | 83.1 | 105 | 94.0 | 3.0% |
Top Suppliers of Pharmaceutical Goods to the United Arab Emirates in 2022:
- China (340.1 tons)
- Turkey (73.6 tons)
- Italy (65.1 tons)
- United States (62.0 tons)
- India (42.3 tons)
- Germany (32.0 tons)
- Ireland (27.0 tons)
- Belgium (19.7 tons)
- Netherlands (18.3 tons)
- United Kingdom (16.1 tons)
- Bulgaria (15.5 tons)
- South Korea (14.9 tons)
- Poland (14.7 tons)
Pharmaceutical Goods Exports in the United Arab Emirates
In 2022, exports of pharmaceutical goodses from the United Arab Emirates skyrocketed to 950 tons, with an increase of 596% against the year before. Over the period under review, exports enjoyed a significant 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 surged to $18M in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 168%. As a result, the exports reached the peak of $28M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Pharmaceutical Goods in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 9.7 | 0% |
| Benin | N/A | N/A | N/A | 1.4 | 0% |
| Mozambique | N/A | N/A | N/A | 1.1 | 0% |
| Tanzania | N/A | 0.1 | 0.2 | 0.7 | 164.6% |
| Oman | 7.6 | 8.5 | 7.4 | N/A | -1.3% |
| Afghanistan | 1.5 | N/A | N/A | N/A | 0% |
| Others | 1.4 | 19.5 | 1.1 | 5.5 | 57.8% |
| Total | 10.5 | 28.1 | 8.7 | 18.4 | 20.6% |
Top Export Markets for Pharmaceutical Goods from the United Arab Emirates in 2022:
- United States (669.4 tons)
- Tanzania (99.6 tons)
- Mozambique (75.0 tons)
- Benin (39.7 tons)
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