Pharmaceutical Goods Price in Uruguay - 2022

Contents:

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

Pharmaceutical Goods Price in Uruguay (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $146,511 per ton, with an increase of 31% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue 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 Chile ($164,898 per ton), while the average price for exports to Bolivia ($30,934 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 Argentina (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Price in Uruguay (CIF) - 2022

The average pharmaceutical goods import price stood at $97,283 per ton in 2022, picking up by 3.2% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 21%. The import price peaked at $107,634 per ton in 2013; however, from 2014 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 Spain ($222,639 per ton), while the price for Malaysia ($12,524 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Exports in Uruguay

In 2022, after three years of growth, there was significant decline in shipments abroad of pharmaceutical goodses, when their volume decreased by -28.1% to 160 tons. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 69% against the previous year. As a result, the exports attained the peak of 222 tons, and then fell markedly in the following year.

In value terms, pharmaceutical goods exports reduced to $23M in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +39.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, the exports attained the peak of $25M, and then fell in the following year.

Top Export Markets for Pharmaceutical Goods from Uruguay in 2022:

1. Argentina (124.2 tons)
2. Bolivia (7.5 tons)
3. Paraguay (7.3 tons)
4. Chile (6.5 tons)
5. Free Zones (5.5 tons)
6. Guatemala (2.9 tons)
7. Venezuela (2.7 tons)

Pharmaceutical Goods Imports in Uruguay

In 2022, the amount of pharmaceutical goodses imported into Uruguay skyrocketed to 120 tons, growing by 21% against 2021. The total import volume increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed 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 skyrocketed to $12M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed 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 Uruguay in 2022:

1. United States (27.0 tons)
2. Brazil (20.7 tons)
3. Germany (14.0 tons)
4. Italy (11.0 tons)
5. Ireland (9.6 tons)
6. Dominican Republic (6.3 tons)
7. Argentina (5.8 tons)
8. United Kingdom (4.0 tons)
9. Malaysia (3.9 tons)
10. Canada (3.6 tons)
11. Spain (2.4 tons)
12. Colombia (2.3 tons)
13. China (1.8 tons)

Source: IndexBox Market Intelligence Platform