Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Vietnam - 2022

Contents:

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

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Vietnam (CIF) - 2022

In 2022, the average import price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $56,867 per ton, reducing by -7.2% against the previous year. Overall, the import price continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $73,973 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Thailand ($56,870 per ton) and the Dominican Republic ($56,868 per ton), while the price for the United States ($56,867 per ton) and France ($56,868 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-1.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $80,885 per ton, dropping by -34.9% against the previous year. Overall, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 642%. As a result, the export price attained the peak level of $163,181 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($125,600 per ton), while the average price for exports to Singapore ($57,529 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+45.3%).

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

For the fourth consecutive year, Vietnam recorded growth in supplies from abroad of pharmaceutical goods; appliances identifiable for ostomy uses, which increased by 18% to 34 tons in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 21%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses expanded significantly to $1.9M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. France (15.4 tons)
2. United States (11.8 tons)
3. Dominican Republic (3.5 tons)
4. Lithuania (2.2 tons)
5. Thailand (1.1 tons)

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

In 2022, approx. 52 kg of pharmaceutical goods; appliances identifiable for ostomy uses were exported from Vietnam; growing by 1,633% compared with the year before. Overall, exports, however, showed a abrupt downturn.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses surged to $4.2K in 2022. In general, exports, however, showed a sharp slump.

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

1. Singapore (34.0 kg)
2. United Kingdom (10.0 kg)
3. Cambodia (8.0 kg)

Source: IndexBox Market Intelligence Platform