Price for Pharmaceutical Goods; Waste Pharmaceuticals in Singapore - 2022
Contents:
- Price for Pharmaceutical Goods; Waste Pharmaceuticals in Singapore (FOB) - 2022
- Price for Pharmaceutical Goods; Waste Pharmaceuticals in Singapore (CIF) - 2022
- Exports of Pharmaceutical Goods; Waste Pharmaceuticals in Singapore
- Imports of Pharmaceutical Goods; Waste Pharmaceuticals in Singapore
Price for Pharmaceutical Goods; Waste Pharmaceuticals in Singapore (FOB) - 2022
The average pharmaceutical goods; waste pharmaceuticals export price stood at $28,311 per ton in 2022, rising by 24% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth appeared the most rapid in 2013 an increase of 51% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
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 Taiwan (Chinese) ($306,252 per ton), while the average price for exports to Brunei Darussalam ($7,432 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 Taiwan (Chinese) (+96.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pharmaceutical Goods; Waste Pharmaceuticals in Singapore (CIF) - 2022
In 2022, the average pharmaceutical goods; waste pharmaceuticals import price amounted to $25,699 per ton, which is down by -24.6% against the previous year. Overall, the import price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 an increase of 113%. The import price peaked at $93,064 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($67,500 per ton), while the price for Mozambique ($2,618 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+38.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pharmaceutical Goods; Waste Pharmaceuticals in Singapore
In 2022, after three years of growth, there was significant decline in overseas shipments of pharmaceutical goods; waste pharmaceuticalses, when their volume decreased by -16.4% to 9.3 tons. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when exports increased by 397%. As a result, the exports reached the peak of 11 tons, and then declined rapidly in the following year.
In value terms, pharmaceutical goods; waste pharmaceuticals exports expanded slightly to $263K in 2022. Overall, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 523% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Export of Pharmaceutical Goods; Waste Pharmaceuticals in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | 0.1 | 0.2 | 117 | 3320.5% |
| Taiwan (Chinese) | N/A | N/A | N/A | 71.7 | 0% |
| Japan | 0.1 | 0.1 | 0.7 | 34.2 | 599.3% |
| Australia | 0.1 | 0.1 | 0.2 | 26.4 | 541.5% |
| Brunei Darussalam | N/A | 0.1 | 0.1 | 10.4 | 919.8% |
| United States | 18.3 | 39.0 | 232 | N/A | 256.1% |
| Others | 0.7 | 1.3 | 20.7 | 2.8 | 58.7% |
| Total | 19.2 | 40.7 | 254 | 263 | 139.3% |
Top Export Markets for Pharmaceutical Goods; Waste Pharmaceuticals from Singapore in 2022:
- South Korea (5.0 tons)
- Japan (1.5 tons)
- Brunei Darussalam (1.4 tons)
- Australia (1.2 tons)
- Taiwan (Chinese) (0.2 tons)
Imports of Pharmaceutical Goods; Waste Pharmaceuticals in Singapore
In 2022, purchases abroad of pharmaceutical goods; waste pharmaceuticalses decreased by -6.7% to 1.5 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 263%. As a result, imports attained the peak of 1.6 tons, and then fell in the following year.
In value terms, pharmaceutical goods; waste pharmaceuticals imports fell rapidly to $38K in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 164%. As a result, imports reached the peak of $53K, and then reduced sharply in the following year.
| Import of Pharmaceutical Goods; Waste Pharmaceuticals in Singapore (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 92.0 | 2,433 | 4,822 | 8,640 | 354.5% |
| Malaysia | 111 | 3,505 | 2,744 | 2,611 | 186.5% |
| Brazil | 10.0 | 843 | 885 | 1,361 | 414.4% |
| United Arab Emirates | 5.0 | 289 | 132 | 1,127 | 508.6% |
| Thailand | 7.0 | 212 | 864 | 974 | 418.2% |
| Saudi Arabia | 5.0 | 220 | 517 | 741 | 429.2% |
| Egypt | 2.0 | 86.0 | 432 | 600 | 569.4% |
| Guinea | N/A | 64.0 | 55.0 | 176 | 65.8% |
| Tanzania | N/A | N/A | N/A | 170 | 0% |
| Morocco | 1.0 | 5.0 | 49.0 | 114 | 384.9% |
| Algeria | N/A | 20.0 | 26.0 | 110 | 134.5% |
| Mozambique | 1.0 | 11.0 | 129 | 89.0 | 346.5% |
| Belgium | 3.0 | 98.0 | 169 | 80.0 | 198.8% |
| Others | 14,374 | 12,499 | 42,633 | 20,804 | 13.1% |
| Total | 14,611 | 20,285 | 53,457 | 37,597 | 37.0% |
Top Suppliers of Pharmaceutical Goods; Waste Pharmaceuticals to Singapore in 2022:
- Thailand (298.0 kg)
- China (128.0 kg)
- Malaysia (71.0 kg)
- Brazil (69.0 kg)
- Guinea (66.0 kg)
- Tanzania (63.0 kg)
- United Arab Emirates (54.0 kg)
- Morocco (43.0 kg)
- Algeria (42.0 kg)
- Saudi Arabia (38.0 kg)
- Mozambique (34.0 kg)
- Egypt (31.0 kg)
- Belgium (30.0 kg)
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