Price for Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka - 2022

Contents:

1. Price for Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka (CIF) - 2022
2. Price for Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka (FOB) - 2022
3. Imports of Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka
4. Exports of Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka

Price for Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka (CIF) - 2022

In 2022, the average pharmaceutical goods; waste pharmaceuticals import price amounted to $28,853 per ton, dropping by -81.9% against the previous year. In general, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 when the average import price increased by 125% against the previous year. Over the period under review, average import prices reached the maximum at $219,328 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($47,000 per ton), while the price for Turkey totaled $12,722 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+273.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka (FOB) - 2022

The average pharmaceutical goods; waste pharmaceuticals export price stood at $17,429 per ton in 2022, dropping by -16.4% against the previous year. In general, the export price, however, continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2019 an increase of 284% against the previous year. As a result, the export price reached the peak level of $24,467 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($17,667 per ton), while the average price for exports to Maldives stood at $12,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.2%).

Imports of Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka

For the fourth year in a row, Sri Lanka recorded growth in overseas purchases of pharmaceutical goods; waste pharmaceuticalses, which increased by 6.2% to 34 kg in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 167% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, pharmaceutical goods; waste pharmaceuticals imports fell notably to $981 in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 441%.

Top Suppliers of Pharmaceutical Goods; Waste Pharmaceuticals to Sri Lanka in 2022:

1. Turkey (18.0 kg)
2. United States (16.0 kg)

Exports of Pharmaceutical Goods; Waste Pharmaceuticals in Sri Lanka

In 2022, the amount of pharmaceutical goods; waste pharmaceuticalses exported from Sri Lanka totaled 7 kg, leveling off at 2021 figures. Over the period under review, exports showed a precipitous shrinkage. The smallest decline of -12.5% was in 2021.

In value terms, pharmaceutical goods; waste pharmaceuticals exports declined rapidly to $122 in 2022. In general, exports saw a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 47%.

Top Export Markets for Pharmaceutical Goods; Waste Pharmaceuticals from Sri Lanka in 2022:

1. Singapore (3.0 kg)
2. Maldives (1.0 kg)

Source: IndexBox Market Intelligence Platform