Pharmaceutical Goods Price in Switzerland - 2023
Contents:
- Pharmaceutical Goods Price in Switzerland (FOB) - 2023
- Pharmaceutical Goods Price in Switzerland (CIF) - 2022
- Pharmaceutical Goods Exports in Switzerland
- Pharmaceutical Goods Imports in Switzerland
Pharmaceutical Goods Price in Switzerland (FOB) - 2023
In August 2023, the average pharmaceutical goods export price amounted to $672K per ton, surging by 95% against the previous month. Over the period under review, the export price, however, continues to indicate a noticeable reduction. The export price peaked at $1.3M per ton in December 2022; however, from January 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($2.4M per ton), while the average price for exports to Indonesia ($171K per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Price in Switzerland (CIF) - 2022
In 2022, the average pharmaceutical goods import price amounted to $165,850 per ton, declining by -9.7% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 74%. Over the period under review, average import prices attained the peak figure at $444,816 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($420,760 per ton), while the price for Portugal ($10,739 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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Pharmaceutical Goods Exports in Switzerland
In 2022, exports of pharmaceutical goodses from Switzerland declined remarkably to 873 tons, waning by -49.3% against the previous year. In general, exports recorded a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of 1.7K tons, and then declined significantly in the following year.
In value terms, pharmaceutical goods exports contracted significantly to $664M in 2022. Over the period under review, exports saw a pronounced contraction. The growth pace was the most rapid in 2021 when exports increased by 28%. As a result, the exports attained the peak of $822M, and then shrank rapidly in the following year.
| Export of Pharmaceutical Goods in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 250 | 225 | 265 | 236 | -1.9% |
| Germany | 50.3 | 53.8 | 204 | 210 | 61.0% |
| Belgium | 70.7 | 64.7 | 63.8 | 72.4 | 0.8% |
| China | 43.1 | 45.8 | 51.0 | 47.0 | 2.9% |
| Netherlands | 21.1 | 15.2 | 20.4 | 19.8 | -2.1% |
| Italy | 29.8 | 30.0 | 19.7 | 15.2 | -20.1% |
| Israel | 8.5 | 8.7 | 8.6 | 7.3 | -4.9% |
| Brazil | 7.3 | 6.2 | 8.3 | 7.1 | -0.9% |
| Russia | 14.3 | 12.2 | 13.0 | 4.8 | -30.5% |
| France | 24.9 | 21.7 | 21.2 | 2.5 | -53.5% |
| Australia | 5.5 | 5.1 | 4.6 | 2.1 | -27.5% |
| Indonesia | 5.3 | 2.2 | 1.8 | 2.1 | -26.6% |
| Poland | 11.3 | 8.7 | 8.3 | 0.6 | -62.4% |
| Others | 181 | 144 | 133 | 36.6 | -41.3% |
| Total | 723 | 643 | 822 | 664 | -2.8% |
Top Export Markets for Pharmaceutical Goods from Switzerland in 2022:
- Germany (354.0 tons)
- United States (95.2 tons)
- China (81.0 tons)
- Belgium (51.8 tons)
- Italy (42.4 tons)
- Netherlands (41.8 tons)
- Russia (22.9 tons)
- Israel (18.5 tons)
- Brazil (15.6 tons)
- Australia (15.0 tons)
- Indonesia (13.3 tons)
- France (6.0 tons)
- Poland (2.9 tons)
Pharmaceutical Goods Imports in Switzerland
Pharmaceutical goods imports into Switzerland skyrocketed to 1.7K tons in 2022, jumping by 36% on 2021. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
In value terms, pharmaceutical goods imports soared to $281M in 2022. The total import value increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Pharmaceutical Goods in Switzerland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 34.7 | 37.3 | 41.2 | 82.1 | 33.3% |
| Germany | 69.9 | 63.0 | 75.1 | 77.4 | 3.5% |
| France | 19.7 | 20.5 | 26.2 | 23.6 | 6.2% |
| Italy | 10.5 | 8.8 | 10.4 | 12.9 | 7.1% |
| Hungary | 10.5 | 10.7 | 10.6 | 10.0 | -1.6% |
| China | 1.3 | 1.7 | 2.1 | 9.1 | 91.3% |
| Netherlands | 14.8 | 17.6 | 11.2 | 8.7 | -16.2% |
| Ireland | 6.9 | 8.6 | 8.6 | 7.4 | 2.4% |
| Spain | 6.9 | 6.6 | 6.5 | 6.0 | -4.6% |
| United Kingdom | 8.7 | 7.5 | 6.4 | 5.7 | -13.1% |
| Denmark | 4.7 | 4.0 | 6.0 | 5.2 | 3.4% |
| Malta | N/A | N/A | N/A | 0.9 | 0% |
| Portugal | 0.8 | 0.8 | 0.8 | 0.7 | -4.4% |
| Others | 20.1 | 18.7 | 24.5 | 31.1 | 15.7% |
| Total | 210 | 206 | 229 | 281 | 10.2% |
Top Suppliers of Pharmaceutical Goods to Switzerland in 2022:
- Germany (433.0 tons)
- China (425.1 tons)
- United States (195.2 tons)
- Italy (146.9 tons)
- France (97.3 tons)
- Portugal (62.7 tons)
- Ireland (56.2 tons)
- Netherlands (38.0 tons)
- Hungary (34.5 tons)
- United Kingdom (30.9 tons)
- Malta (30.5 tons)
- Denmark (26.1 tons)
- Spain (23.8 tons)
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