Pharmaceutical Goods Price in Sri Lanka - 2021

Contents:

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

Pharmaceutical Goods Price in Sri Lanka (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $56,262 per ton, falling by -12.6% against the previous year. Overall, the import price saw a slight slump. The pace of growth was the most pronounced in 2021 an increase of 70% against the previous year. As a result, import price reached the peak level of $64,401 per ton, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($147,169 per ton), while the price for Norway ($6,756 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Sri Lanka (FOB) - 2022

The average pharmaceutical goods export price stood at $75,491 per ton in 2022, standing approx. at the previous year. Overall, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2018 when the average export price increased by 57%. Over the period under review, the average export prices hit record highs at $96,941 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($212,830 per ton), while the average price for exports to the United Arab Emirates ($12,906 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 Nepal (+24.9%), while the prices for the other major destinations experienced a decline.

Pharmaceutical Goods Imports in Sri Lanka

In 2022, supplies from abroad of pharmaceutical goodses decreased by -27.5% to 171 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports attained the peak of 386 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pharmaceutical goods imports shrank sharply to $9.6M in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 4.4% against the previous year. As a result, imports reached the peak of $15M, and then contracted remarkably in the following year.

Top Suppliers of Pharmaceutical Goods to Sri Lanka in 2022:

1. Bangladesh (44.2 tons)
2. Hungary (25.4 tons)
3. Ireland (21.2 tons)
4. Spain (12.7 tons)
5. India (12.5 tons)
6. Germany (10.6 tons)
7. United States (10.2 tons)
8. Italy (5.2 tons)
9. Australia (4.0 tons)
10. Norway (3.9 tons)
11. China (2.6 tons)

Pharmaceutical Goods Exports in Sri Lanka

In 2022, approx. 2.9 tons of pharmaceutical goodses were exported from Sri Lanka; surging by 24% compared with 2021. Overall, exports, however, faced a abrupt setback.

In value terms, pharmaceutical goods exports surged to $223K in 2022. In general, exports, however, faced a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year.

Top Export Markets for Pharmaceutical Goods from Sri Lanka in 2022:

1. Maldives (2283.0 kg)
2. Pakistan (260.0 kg)
3. Nepal (218.0 kg)
4. United Arab Emirates (171.0 kg)

Source: IndexBox Market Intelligence Platform