Pharmaceutical Goods Price in Venezuela - 2022

Contents:

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

Pharmaceutical Goods Price in Venezuela (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $47,149 per ton, surging by 13% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $146,807 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Ireland ($1,348,802 per ton), while the price for Mexico ($10,393 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+29.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Venezuela (FOB) - 2022

The average pharmaceutical goods export price stood at $62,474 per ton in 2022, picking up by 2.4% against the previous year. In general, the export price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 75%. Over the period under review, the average export prices attained the peak figure at $209,383 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +37.0% per year.

Pharmaceutical Goods Imports in Venezuela

For the third consecutive year, Venezuela recorded decline in supplies from abroad of pharmaceutical goodses, which decreased by -6.6% to 89 tons in 2022. Overall, imports recorded a abrupt curtailment. The smallest decline of -0.4% was in 2021.

In value terms, pharmaceutical goods imports expanded remarkably to $4.2M in 2022. In general, imports faced a abrupt descent.

Top Suppliers of Pharmaceutical Goods to Venezuela in 2022:

1. China (57.2 tons)
2. Mexico (8.4 tons)
3. India (7.1 tons)
4. United States (3.0 tons)
5. Brazil (2.7 tons)
6. Netherlands (2.2 tons)
7. Peru (1.9 tons)

Pharmaceutical Goods Exports in Venezuela

In 2022, exports of pharmaceutical goodses from Venezuela fell rapidly to 57 kg, shrinking by -48.2% compared with 2021 figures. Over the period under review, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,650%. As a result, the exports attained the peak of 110 kg, and then declined markedly in the following year.

In value terms, pharmaceutical goods exports shrank sharply to $3.6K in 2022. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 1,537% against the previous year.

Top Export Markets for Pharmaceutical Goods from Venezuela in 2022:

1. Netherlands (57.0 kg)

Source: IndexBox Market Intelligence Platform