Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China - 2023

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China (CIF) - 2023
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China (FOB) - 2022
3. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China
4. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China (CIF) - 2023

In December 2023, the average import price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $80,089 per ton, leveling off at the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 17% m-o-m. The import price peaked at $84,463 per ton in February 2023; however, from March 2023 to December 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Costa Rica ($131K per ton), while the price for Denmark ($33,289 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China (FOB) - 2022

In 2022, the average export price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $27,586 per ton, waning by -2.4% against the previous year. Overall, the export price recorded a slight decline. The pace of growth appeared the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, the average export prices reached the maximum at $35,214 per ton in 2017; however, from 2018 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 Hungary ($43,100 per ton), while the average price for exports to the United States ($13,208 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 Philippines (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China

In 2022, imports of pharmaceutical goods; appliances identifiable for ostomy uses into China reached 875 tons, picking up by 10% compared with the previous year. The total import volume increased at an average annual rate of +12.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 19% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses reduced to $71M in 2022. The total import value increased at an average annual rate of +11.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year.

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to China in 2022:

1. Hungary (387.0 tons)
2. Dominican Republic (261.3 tons)
3. Costa Rica (141.0 tons)
4. Denmark (31.3 tons)
5. Japan (28.6 tons)

Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in China

In 2022, approx. 879 tons of pharmaceutical goods; appliances identifiable for ostomy uses were exported from China; picking up by 33% against 2021. The total export volume increased at an average annual rate of +12.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses surged to $24M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from China in 2022:

1. United States (291.1 tons)
2. Hungary (220.0 tons)
3. Netherlands (41.2 tons)
4. Russia (24.6 tons)
5. Philippines (22.7 tons)
6. Peru (22.5 tons)
7. India (18.6 tons)
8. Mexico (16.7 tons)
9. Japan (14.4 tons)
10. Sri Lanka (9.6 tons)
11. Cuba (4.8 tons)
12. Turkey (4.4 tons)

Source: IndexBox Market Intelligence Platform