Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Serbia - 2024

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Serbia (CIF) - 2024
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Serbia (FOB) - 2022
3. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Serbia
4. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Serbia

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Serbia (CIF) - 2024

The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $46,691 per ton in December 2023, jumping by 27% against the previous month. Overall, import price indicated notable growth from January 2023 to December 2023: its price increased at an average monthly rate of +3.7% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for pharmaceutical goods; appliances identifiable for ostomy uses increased by +26.5% against November 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 73% m-o-m. As a result, import price reached the peak level of $63,170 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the Dominican Republic ($57,747 per ton), while the price for Slovakia ($31,890 per ton) was amongst the lowest.

From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $54,540 per ton in 2022, increasing by 3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $57,664 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($154,489 per ton), while the average price for exports to Montenegro amounted to $53,405 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+38.3%).

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

For the fourth consecutive year, Serbia recorded growth in supplies from abroad of pharmaceutical goods; appliances identifiable for ostomy uses, which increased by 2.9% to 51 tons in 2022. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 7.8%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses dropped modestly to $1.8M in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 20% against the previous year. As a result, imports attained the peak of $1.9M, and then dropped slightly in the following year.

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

1. Dominican Republic (26.5 tons)
2. Slovakia (13.2 tons)
3. United Kingdom (5.8 tons)
4. France (4.6 tons)
5. Bulgaria (1.2 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of pharmaceutical goods; appliances identifiable for ostomy uses, when their volume decreased by -14.7% to 4.2 tons. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 24% against the previous year.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses declined to $228K in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year. As a result, the exports attained the peak of $259K, and then fell in the following year.

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

1. Montenegro (4.1 tons)

Source: IndexBox Market Intelligence Platform