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

Contents:

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

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

The average import price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $41,268 per ton in November 2023, rising by 2.1% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in June 2023 when the average import price increased by 54% month-to-month. Over the period under review, average import prices reached the peak figure in November 2023.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Ireland ($57,649 per ton), while the price for Hungary ($27,724 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 France (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In November 2023, the average export price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $65,286 per ton, which is down by -2.8% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 8.2% month-to-month. Over the period under review, the average export prices attained the peak figure at $67,189 per ton in October 2023, and then contracted in the following month.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From November 2022 to November 2023, the rate of growth in terms of prices for Portugal amounted to +1.0% per month.

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

In 2022, approx. 1.5K tons of pharmaceutical goods; appliances identifiable for ostomy uses were imported into Spain; increasing by 4.1% compared with 2021 figures. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 8.9%. As a result, imports attained the peak of 1.5K tons; afterwards, it flattened through to 2022.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses declined to $54M in 2022. The total import value increased at an average annual rate of +2.1% over the period 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 6.8%.

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

1. Hungary (659.7 tons)
2. Netherlands (461.2 tons)
3. Ireland (199.8 tons)
4. France (104.2 tons)
5. United Kingdom (31.6 tons)
6. Italy (13.0 tons)

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

For the fourth year in a row, Spain recorded growth in overseas shipments of pharmaceutical goods; appliances identifiable for ostomy uses, which increased by 1% to 148 tons in 2022. The total export volume increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 8.9%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses contracted to $8.6M in 2022. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 10%. As a result, the exports attained the peak of $9.4M, and then fell in the following year.

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

1. Portugal (147.0 tons)

Source: IndexBox Market Intelligence Platform