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

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Italy (CIF) - 2023
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Italy (FOB) - 2022
3. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Italy
4. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Italy

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

The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $65,295 per ton in November 2023, jumping by 24% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.7%. The pace of growth appeared the most rapid in January 2023 an increase of 63% month-to-month. Over the period under review, average import prices reached the peak figure at $65,386 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the countries with the highest prices were Germany ($76,488 per ton) and Hungary ($71,436 per ton), while the price for the UK ($56,522 per ton) and the Netherlands ($60,351 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Italy (FOB) - 2022

The average export price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $65,637 per ton in 2022, dropping by -15.6% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 157%. Over the period under review, the average export prices hit record highs at $85,310 per ton in 2016; however, from 2017 to 2022, the 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 the Netherlands ($225,249 per ton), while the average price for exports to Spain ($7,390 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 Estonia (+41.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, purchases abroad of pharmaceutical goods; appliances identifiable for ostomy uses decreased by -12.3% to 1.5K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 17%. As a result, imports reached the peak of 1.7K tons, and then fell in the following year.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses shrank to $81M in 2022. The total import value increased at an average annual rate of +4.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 16% against the previous year.

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

1. Netherlands (726.9 tons)
2. Hungary (479.7 tons)
3. Germany (105.6 tons)
4. Ireland (79.8 tons)
5. United Kingdom (76.5 tons)

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

In 2022, exports of pharmaceutical goods; appliances identifiable for ostomy uses from Italy shrank to 73 tons, falling by -9.4% compared with the previous year's figure. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 172% against the previous year. As a result, the exports attained the peak of 81 tons, and then shrank in the following year.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses declined sharply to $4.8M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 198% against the previous year. As a result, the exports attained the peak of $6.3M, and then contracted markedly in the following year.

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

1. Greece (23.7 tons)
2. Australia (22.5 tons)
3. United Kingdom (13.5 tons)
4. China (4.5 tons)
5. Algeria (4.1 tons)
6. Spain (1.6 tons)
7. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform