Pharmaceutical Goods Price in Ireland - 2023

Contents:

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

Pharmaceutical Goods Price in Ireland (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $76,013 per ton, shrinking by -14.4% against the previous year. Overall, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. Over the period under review, the average export prices hit record highs at $137,956 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the UK ($134,748 per ton), while the average price for exports to Spain ($60,556 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 Netherlands (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Goods Price in Ireland (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $32,076 per ton, with a decrease of -6.7% against the previous year. Overall, the import price saw a perceptible contraction. The growth pace was the most rapid in 2019 when the average import price increased by 20%. The import price peaked at $56,327 per ton in 2020; however, from 2021 to 2022, import prices stood 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 the United States ($208,200 per ton), while the price for China ($25,947 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 (+18.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Pharmaceutical Goods Exports in Ireland

In 2022, pharmaceutical goods exports from Ireland soared to 30K tons, growing by 239% against 2021 figures. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods exports surged to $2.2B in 2022. Over the period under review, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pharmaceutical Goods from Ireland in 2022:

1. Germany (20.1K tons)
2. Netherlands (1.8K tons)
3. United States (1.4K tons)
4. United Kingdom (0.7K tons)
5. France (0.6K tons)
6. China (0.6K tons)
7. Spain (0.6K tons)
8. Italy (0.4K tons)

Pharmaceutical Goods Imports in Ireland

For the fourth consecutive year, Ireland recorded growth in overseas purchases of pharmaceutical goodses, which increased by 825% to 38K tons in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, pharmaceutical goods imports skyrocketed to $1.2B in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Pharmaceutical Goods to Ireland in 2022:

1. United Kingdom (36.7K tons)
2. Germany (0.8K tons)
3. China (0.5K tons)

Source: IndexBox Market Intelligence Platform