Pharmaceutical Goods Price in Slovakia - 2023

Contents:

1. Pharmaceutical Goods Price in Slovakia (CIF) - 2022
2. Pharmaceutical Goods Price in Slovakia (FOB) - 2022
3. Pharmaceutical Goods Imports in Slovakia
4. Pharmaceutical Goods Exports in Slovakia

Pharmaceutical Goods Price in Slovakia (CIF) - 2022

The average pharmaceutical goods import price stood at $62,253 per ton in 2022, growing by 7.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 72% against the previous year. Over the period under review, average import prices reached the peak figure at $77,795 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($177,800 per ton), while the price for China ($9,983 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Slovakia (FOB) - 2022

The average pharmaceutical goods export price stood at $29,028 per ton in 2022, waning by -13.8% against the previous year. Overall, the export price continues to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 45%. The export price peaked at $50,164 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($48,144 per ton), while the average price for exports to Austria ($9,954 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 Germany (+5.4%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Goods Imports in Slovakia

In 2022, the amount of pharmaceutical goodses imported into Slovakia rose markedly to 1.2K tons, increasing by 13% against 2021. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +10.8% 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 decreased by -20.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 71% against the previous year. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, pharmaceutical goods imports surged to $74M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Slovakia in 2022:

1. China (168.6 tons)
2. Czech Republic (130.0 tons)
3. Germany (121.1 tons)
4. United Kingdom (85.2 tons)
5. Hungary (54.3 tons)
6. Ireland (30.0 tons)
7. United States (25.8 tons)
8. Dominican Republic (22.6 tons)
9. Denmark (21.6 tons)
10. Netherlands (12.9 tons)
11. Italy (9.3 tons)

Pharmaceutical Goods Exports in Slovakia

In 2022, exports of pharmaceutical goodses from Slovakia expanded sharply to 1.2K tons, picking up by 14% against 2021. The total export volume increased at an average annual rate of +10.8% over the period 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 when exports increased by 19%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, pharmaceutical goods exports declined slightly to $36M in 2022. The total export value increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 10%. As a result, the exports attained the peak of $37M, and then fell in the following year.

Top Export Markets for Pharmaceutical Goods from Slovakia in 2022:

1. Netherlands (713.9 tons)
2. Poland (275.2 tons)
3. Czech Republic (184.9 tons)
4. Austria (19.8 tons)
5. Hungary (1.0 tons)

Source: IndexBox Market Intelligence Platform