Pharmaceutical Goods Price in Austria - 2023

Pharmaceutical Goods Price in Austria (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $279,325 per ton, growing by 1.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 15% against the previous year. As a result, the export price reached the peak level of $322,346 per ton. From 2019 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 Belgium ($486,173 per ton), while the average price for exports to the Philippines ($52,254 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 Germany (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Pharmaceutical Goods Price in Austria (CIF) - 2022

In 2022, the average pharmaceutical goods import price amounted to $57,903 per ton, picking up by 23% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pharmaceutical goods import price increased by +27.8% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 29%. Over the period under review, average import prices reached the peak figure at $70,226 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($253,150 per ton), while the price for China ($10,764 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Exports in Austria

For the third year in a row, Austria recorded decline in shipments abroad of pharmaceutical goodses, which decreased by -2.7% to 1.5K tons in 2022. Overall, exports continue to indicate a deep contraction.

In value terms, pharmaceutical goods exports shrank to $418M in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 0.5% against the previous year.

Export of Pharmaceutical Goods in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belgium	71.1	65.3	83.1	97.5	11.1%
Germany	88.2	92.7	91.3	84.1	-1.6%
United States	81.3	39.2	45.2	42.7	-19.3%
Italy	15.4	14.2	17.6	16.7	2.7%
South Korea	22.3	20.4	21.0	16.1	-10.3%
Spain	7.2	8.8	7.5	13.5	23.3%
Netherlands	9.0	11.2	11.7	11.9	9.8%
Morocco	0.3	N/A	N/A	3.8	133.1%
Switzerland	3.2	3.1	2.5	3.3	1.0%
Japan	21.0	16.0	15.6	2.4	-51.5%
Hungary	2.3	2.1	2.0	2.1	-3.0%
Philippines	1.4	0.9	0.8	1.4	0.0%
Others	179	147	124	123	-11.8%
Total	502	420	422	418	-5.9%

Top Export Markets for Pharmaceutical Goods from Austria in 2022:

Germany (291.9 tons)
South Korea (212.2 tons)
Belgium (200.6 tons)
Italy (143.6 tons)
United States (97.0 tons)
Netherlands (59.0 tons)
Spain (43.7 tons)
Hungary (36.0 tons)
Morocco (33.3 tons)
Philippines (27.7 tons)
Switzerland (25.5 tons)
Japan (19.2 tons)

Pharmaceutical Goods Imports in Austria

In 2022, approx. 2.1K tons of pharmaceutical goodses were imported into Austria; dropping by -34.6% against the previous year's figure. In general, imports showed a abrupt decline. The smallest decline of -1.9% was in 2021.

In value terms, pharmaceutical goods imports declined dramatically to $124M in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1.6%.

Import of Pharmaceutical Goods in Austria (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	42.9	39.3	46.1	40.1	-2.2%
Belgium	3.7	3.3	8.6	27.3	94.7%
Netherlands	9.5	11.5	7.0	18.0	23.7%
Ireland	15.6	14.9	14.5	8.4	-18.6%
Hungary	10.0	9.2	11.2	7.5	-9.1%
Czech Republic	0.3	0.3	0.2	4.4	144.8%
United Kingdom	3.6	3.1	2.1	2.8	-8.0%
Norway	0.6	1.6	1.6	1.8	44.2%
United States	13.8	11.3	11.7	1.5	-52.3%
China	1.7	1.2	2.2	1.2	-11.0%
Turkey	0.4	0.2	0.3	0.4	0.0%
Switzerland	38.1	31.2	22.5	0.2	-82.6%
Others	28.4	24.7	26.2	10.7	-27.8%
Total	168	152	154	124	-9.6%