Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore - 2023
Contents:
- Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore (FOB) - 2022
- Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore (CIF) - 2022
- Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore
- Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore
Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore (FOB) - 2022
In 2022, the average export price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $55,548 per ton, with an increase of 7.8% against the previous year. Overall, the export price, however, continues to indicate a mild contraction. Over the period under review, the average export prices hit record highs at $62,950 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($95,210 per ton), while the average price for exports to Taiwan (Chinese) ($50,974 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 Malaysia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore (CIF) - 2022
The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $52,591 per ton in 2022, which is down by -14.2% against the previous year. Overall, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 21% against the previous year. As a result, import price attained the peak level of $69,059 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($96,440 per ton), while the price for the Dominican Republic ($48,612 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore
In 2022, approx. 379 tons of pharmaceutical goods; appliances identifiable for ostomy uses were exported from Singapore; which is down by -35.5% on 2021 figures. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 84%.
In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses contracted significantly to $21M in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 when exports increased by 57% against the previous year.
| Export of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 0.7 | 1.0 | 1.2 | 6.8 | 113.4% |
| Thailand | 3.5 | 2.5 | 14.0 | 3.5 | 0.0% |
| South Korea | 2.9 | 2.8 | 3.1 | 3.0 | 1.1% |
| Malaysia | 4.2 | 2.9 | 2.2 | 2.0 | -21.9% |
| Taiwan (Chinese) | 1.3 | 1.5 | 1.8 | 1.8 | 11.5% |
| Japan | N/A | N/A | 1.7 | 1.4 | -17.6% |
| Hong Kong SAR | 0.9 | 0.7 | 0.8 | 0.8 | -3.9% |
| China | 4.9 | 6.8 | 4.2 | 0.3 | -60.6% |
| United States | 19.3 | 0.2 | N/A | N/A | -99.0% |
| Others | 1.3 | 1.0 | 1.1 | 1.5 | 4.9% |
| Total | 39.1 | 19.3 | 30.3 | 21.1 | -18.6% |
Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from Singapore in 2022:
- India (133.4 tons)
- Thailand (67.8 tons)
- South Korea (57.2 tons)
- Taiwan (Chinese) (35.5 tons)
- Malaysia (21.1 tons)
- Hong Kong SAR (16.0 tons)
- Japan (15.6 tons)
- China (5.3 tons)
- United States (0.7 tons)
Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore
In 2022, overseas purchases of pharmaceutical goods; appliances identifiable for ostomy uses decreased by -7.4% to 224 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 +8.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports reached the peak of 242 tons, and then declined in the following year.
In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses declined remarkably to $12M in 2022. The total import value increased at an average annual rate of +3.8% 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 2021 with an increase of 29% against the previous year. As a result, imports attained the peak of $15M, and then declined significantly in the following year.
| Import of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | 9.2 | 9.3 | 12.4 | 8.8 | -1.5% |
| United States | 0.3 | 0.2 | 0.3 | 0.9 | 44.2% |
| Hungary | 0.1 | 0.3 | N/A | 0.6 | 81.7% |
| Denmark | 0.1 | N/A | 0.5 | 0.5 | 71.0% |
| United Kingdom | 0.2 | 0.3 | 0.6 | 0.3 | 14.5% |
| Others | 0.6 | 1.3 | 1.0 | 0.7 | 5.3% |
| Total | 10.5 | 11.5 | 14.8 | 11.8 | 4.0% |
Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to Singapore in 2022:
- Dominican Republic (181.0 tons)
- United States (11.9 tons)
- Hungary (8.9 tons)
- Denmark (8.6 tons)
- United Kingdom (2.7 tons)
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