Pharmaceutical Goods Price in Uzbekistan - 2023

Contents:

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

Pharmaceutical Goods Price in Uzbekistan (CIF) - 2022

The average pharmaceutical goods import price stood at $159,436 per ton in 2022, which is down by -6.7% against the previous year. Over the period under review, import price indicated a buoyant increase from 2017 to 2022: its price increased at an average annual rate of +9.6% over the last five years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pharmaceutical goods import price increased by +78.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 40%. The import price peaked at $170,975 per ton in 2021, and then declined in the following year.

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 Hungary ($613,256 per ton), while the price for India ($43,826 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by India (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Uzbekistan (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $625,912 per ton, approximately mirroring the previous year. Over the period under review, the export price posted a significant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 2,498%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($1,082,848 per ton), while the average price for exports to Kazakhstan ($527,976 per ton) was amongst the lowest.

From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+2,728.5%).

Pharmaceutical Goods Imports in Uzbekistan

In 2022, overseas purchases of pharmaceutical goodses were finally on the rise to reach 87 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a noticeable contraction.

In value terms, pharmaceutical goods imports skyrocketed to $14M in 2022. Over the period under review, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Uzbekistan in 2022:

1. India (27.1 tons)
2. Russia (13.5 tons)
3. Belgium (12.2 tons)
4. Turkey (6.7 tons)
5. Hungary (6.1 tons)
6. Germany (4.5 tons)
7. South Korea (3.5 tons)
8. Latvia (2.7 tons)
9. Ukraine (0.1 tons)

Pharmaceutical Goods Exports in Uzbekistan

For the third year in a row, Uzbekistan recorded decline in shipments abroad of pharmaceutical goodses, which decreased by 0% to 1.1 tons in 2022. In general, exports enjoyed significant growth. The smallest decline of -48.5% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pharmaceutical goods exports amounted to $665K in 2022. Over the period under review, exports continue to indicate a significant expansion. The smallest decline of -87.1% was in 2020. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Pharmaceutical Goods from Uzbekistan in 2022:

1. Kazakhstan (871.0 kg)
2. Poland (112.0 kg)
3. Turkey (80.0 kg)

Source: IndexBox Market Intelligence Platform