Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India - 2023

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India (CIF) - 2023
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India (FOB) - 2023
3. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India
4. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India (CIF) - 2023

The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $46,400 per ton in November 2023, which is down by -19.7% against the previous month. In general, import price indicated tangible growth from November 2022 to November 2023: its price increased at an average monthly rate of +2.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for pharmaceutical goods; appliances identifiable for ostomy uses decreased by -19.7% against October 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 31% m-o-m. The import price peaked at $57,764 per ton in October 2023, and then contracted dramatically in the following month.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Hungary ($61,098 per ton), while the price for Singapore ($26,966 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India (FOB) - 2023

In November 2023, the average export price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $74,076 per ton, growing by 23% against the previous month. In general, the export price, however, showed a noticeable decrease. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 67% m-o-m. The export price peaked at $103K per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Mauritius ($234K per ton), while the average price for exports to Mozambique ($10,747 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India

For the fourth year in a row, India recorded growth in purchases abroad of pharmaceutical goods; appliances identifiable for ostomy uses, which increased by 33% to 233 tons in 2022. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses surged to $8.2M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.9% 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 +94.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to India in 2022:

1. Singapore (59.0 tons)
2. Denmark (58.4 tons)
3. Hungary (49.5 tons)
4. Netherlands (27.5 tons)
5. China (19.2 tons)
6. Costa Rica (7.6 tons)
7. Poland (4.9 tons)

Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in India

In 2022, the amount of pharmaceutical goods; appliances identifiable for ostomy uses exported from India rose to 39 tons, picking up by 4% on the year before. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 250%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses skyrocketed to $2.6M in 2022. Over the period under review, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 70%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from India in 2022:

1. United States (14.0 tons)
2. Hong Kong SAR (12.4 tons)
3. Bangladesh (5.3 tons)
4. Canada (1.9 tons)
5. Bhutan (1.6 tons)
6. Nepal (0.9 tons)
7. China (0.8 tons)
8. Tanzania (0.6 tons)
9. Ireland (0.4 tons)

Source: IndexBox Market Intelligence Platform