Pharmaceutical Goods Price in Angola - 2022
Contents:
- Pharmaceutical Goods Price in Angola (CIF) - 2022
- Pharmaceutical Goods Price in Angola (FOB) - 2022
- Pharmaceutical Goods Imports in Angola
- Pharmaceutical Goods Exports in Angola
Pharmaceutical Goods Price in Angola (CIF) - 2022
In 2022, the average pharmaceutical goods import price amounted to $19,282 per ton, standing approx. at the previous year. Overall, the import price recorded a modest expansion. The most prominent rate of growth was recorded in 2015 an increase of 53%. The import price peaked at $34,817 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Belgium ($57,138 per ton), while the price for South Africa ($6,003 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Price in Angola (FOB) - 2022
The average pharmaceutical goods export price stood at $21,941 per ton in 2022, shrinking by -60.8% against the previous year. Overall, the export price faced a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 269%. Over the period under review, the average export prices reached the peak figure at $96,773 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($210,200 per ton), while the average price for exports to Democratic Republic of the Congo ($2,523 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 the United Arab Emirates (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Imports in Angola
After three years of growth, purchases abroad of pharmaceutical goodses decreased by -4.8% to 668 tons in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +15.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of 702 tons, and then declined modestly in the following year.
In value terms, pharmaceutical goods imports declined modestly to $13M in 2022. Overall, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +13.6% 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 +46.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year.
| Import of Pharmaceutical Goods in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 4.9 | 2.5 | 3.5 | 3.3 | -12.3% |
| India | 0.7 | 2.0 | 0.7 | 3.0 | 62.4% |
| Belgium | 1.3 | 1.2 | 3.3 | 1.8 | 11.5% |
| United Arab Emirates | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| China | 0.9 | 2.3 | 2.3 | 0.6 | -12.6% |
| Thailand | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Brazil | 0.2 | N/A | 0.1 | 0.3 | 14.5% |
| South Africa | 0.1 | 0.1 | N/A | 0.2 | 26.0% |
| Others | 0.6 | 4.3 | 3.1 | 2.1 | 51.8% |
| Total | 8.8 | 12.4 | 13.4 | 12.9 | 13.6% |
Top Suppliers of Pharmaceutical Goods to Angola in 2022:
- India (185.7 tons)
- Portugal (169.6 tons)
- China (47.0 tons)
- United Arab Emirates (45.3 tons)
- South Africa (37.6 tons)
- Thailand (35.2 tons)
- Belgium (32.3 tons)
- Brazil (24.9 tons)
Pharmaceutical Goods Exports in Angola
In 2022, pharmaceutical goods exports from Angola soared to 68 kg, with an increase of 196% compared with the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.
In value terms, pharmaceutical goods exports soared to $1.5K in 2022. In general, exports, however, recorded a deep setback.
| Export of Pharmaceutical Goods in Angola (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 555 | 66.0 | 2.0 | 1,051 | 23.7% |
| Democratic Republic of the Congo | 208 | 283 | 3.0 | 111 | -18.9% |
| United States | 73.0 | 405 | 6.0 | 83.0 | 4.4% |
| United Arab Emirates | 77.0 | 154 | 16.0 | 61.0 | -7.5% |
| Sao Tome and Principe | 169 | 234 | 4.0 | 2.0 | -77.2% |
| Dominican Republic | 389 | N/A | N/A | N/A | 0% |
| Others | 520 | 554 | 1,255 | 184 | -29.3% |
| Total | 1,991 | 1,696 | 1,286 | 1,492 | -9.2% |
Top Export Markets for Pharmaceutical Goods from Angola in 2022:
- Democratic Republic of the Congo (44.0 kg)
- Portugal (5.0 kg)
- United Arab Emirates (3.0 kg)
- United States (3.0 kg)
- Sao Tome and Principe (1.0 kg)
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