Pharmaceutical Goods Price in Myanmar - 2022
Contents:
- Pharmaceutical Goods Price in Myanmar (CIF) - 2022
- Pharmaceutical Goods Price in Myanmar (FOB) - 2022
- Pharmaceutical Goods Imports in Myanmar
- Pharmaceutical Goods Exports in Myanmar
Pharmaceutical Goods Price in Myanmar (CIF) - 2022
The average pharmaceutical goods import price stood at $2,946 per ton in 2022, reducing by -47.5% against the previous year. Overall, the import price, however, posted modest growth. The pace of growth appeared the most rapid in 2018 an increase of 69%. The import price peaked at $5,607 per ton in 2021, and then contracted notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($10,611 per ton), while the price for China ($968 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Pharmaceutical Goods Price in Myanmar (FOB) - 2022
The average pharmaceutical goods export price stood at $21,358 per ton in 2022, shrinking by -26.4% against the previous year. Overall, the export price, however, showed a strong expansion. The pace of growth was the most pronounced in 2019 an increase of 2,057% against the previous year. As a result, the export price reached the peak level of $45,049 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($21,692 per ton), while the average price for exports to the Philippines totaled $14,400 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+923.5%), while the prices for the other major destinations experienced mixed trend patterns.
Pharmaceutical Goods Imports in Myanmar
After two years of decline, supplies from abroad of pharmaceutical goodses increased by 53% to 5.5K tons in 2022. Over the period under review, imports, however, showed a precipitous curtailment.
In value terms, pharmaceutical goods imports contracted remarkably to $16M in 2022. In general, imports, however, showed a sharp decline.
| Import of Pharmaceutical Goods in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.3 | 0.1 | 2.9 | 7.5 | 192.4% |
| India | 13.1 | 15.8 | 8.1 | 3.9 | -33.2% |
| China | 5.9 | 6.1 | 1.0 | 0.8 | -48.6% |
| Thailand | 3.9 | 2.1 | 0.2 | 0.1 | -70.5% |
| Others | 32.6 | 19.1 | 7.8 | 3.8 | -51.2% |
| Total | 55.9 | 43.1 | 20.0 | 16.1 | -34.0% |
Top Suppliers of Pharmaceutical Goods to Myanmar in 2022:
- Thailand (undefinedK tons)
- Netherlands (3.9K tons)
- China (0.8K tons)
- India (0.4K tons)
Pharmaceutical Goods Exports in Myanmar
In 2022, overseas shipments of pharmaceutical goodses decreased by -68.6% to 109 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports faced a sharp reduction.
In value terms, pharmaceutical goods exports shrank dramatically to $2.3K in 2022. Over the period under review, exports showed a dramatic downturn.
| Export of Pharmaceutical Goods in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | 7.5 | 2.3 | -69.3% |
| Philippines | N/A | N/A | N/A | 0.1 | 0% |
| Poland | 0.1 | N/A | 2.3 | N/A | 379.6% |
| Thailand | 0.1 | N/A | N/A | N/A | 0% |
| Ethiopia | N/A | N/A | 0.2 | N/A | 0% |
| France | 0.9 | N/A | N/A | N/A | 0% |
| Singapore | 13.3 | N/A | N/A | N/A | 0% |
| Others | 5.1 | N/A | N/A | N/A | 0% |
| Total | 19.5 | N/A | 10.1 | 2.3 | -51.0% |
Top Export Markets for Pharmaceutical Goods from Myanmar in 2022:
- South Korea (104.0 kg)
- Philippines (5.0 kg)
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