Pharmaceutical Goods Price in Croatia - 2023
Contents:
- Pharmaceutical Goods Price in Croatia (CIF) - 2022
- Pharmaceutical Goods Price in Croatia (FOB) - 2022
- Pharmaceutical Goods Imports in Croatia
- Pharmaceutical Goods Exports in Croatia
Pharmaceutical Goods Price in Croatia (CIF) - 2022
The average pharmaceutical goods import price stood at $50,505 per ton in 2022, rising by 12% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2017 when the average import price increased by 24%. Over the period under review, average import prices hit record highs at $94,864 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 Belgium ($104,722 per ton), while the price for China ($5,709 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Pharmaceutical Goods Price in Croatia (FOB) - 2022
In 2022, the average pharmaceutical goods export price amounted to $28,355 per ton, picking up by 11% against the previous year. In general, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 198% against the previous year. The export price peaked at $161,756 per ton in 2018; however, from 2019 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 Slovenia ($53,819 per ton), while the average price for exports to Montenegro ($7,523 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 Serbia (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Pharmaceutical Goods Imports in Croatia
In 2022, overseas purchases of pharmaceutical goodses decreased by -10.7% to 747 tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 27% against the previous year.
In value terms, pharmaceutical goods imports contracted modestly to $38M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of $38M, leveling off in the following year.
| Import of Pharmaceutical Goods in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 5.7 | 6.4 | 8.2 | 8.8 | 15.6% |
| Germany | 4.9 | 3.8 | 5.7 | 5.1 | 1.3% |
| Belgium | 4.3 | 3.6 | 4.8 | 5.1 | 5.9% |
| France | 2.7 | 2.4 | 3.5 | 3.6 | 10.1% |
| Hungary | 2.6 | 3.4 | 2.0 | 3.4 | 9.4% |
| Poland | 3.4 | 3.3 | 3.5 | 3.2 | -2.0% |
| Italy | 1.4 | 1.3 | 1.4 | 2.1 | 14.5% |
| Austria | 2.4 | 1.8 | 2.0 | 1.1 | -22.9% |
| China | 0.2 | 0.4 | 1.0 | 0.8 | 58.7% |
| Others | 7.7 | 5.2 | 5.9 | 4.5 | -16.4% |
| Total | 35.3 | 31.6 | 37.8 | 37.7 | 2.2% |
Top Suppliers of Pharmaceutical Goods to Croatia in 2022:
- Slovenia (142.1 tons)
- China (138.8 tons)
- Hungary (120.6 tons)
- Germany (79.3 tons)
- Poland (63.3 tons)
- Belgium (48.9 tons)
- France (42.6 tons)
- Italy (42.3 tons)
- Austria (8.0 tons)
Pharmaceutical Goods Exports in Croatia
After three years of growth, overseas shipments of pharmaceutical goodses decreased by -22% to 141 tons in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 92% against the previous year.
In value terms, pharmaceutical goods exports dropped to $4M in 2022. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year.
| Export of Pharmaceutical Goods in Croatia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bosnia and Herzegovina | 986 | 829 | 1,412 | 1,168 | 5.8% |
| Slovenia | 761 | 758 | 1,196 | 1,011 | 9.9% |
| Italy | 256 | 197 | 145 | 226 | -4.1% |
| Spain | 131 | 152 | 148 | 180 | 11.2% |
| Serbia | 114 | 94.8 | 159 | 153 | 10.3% |
| North Macedonia | 20.2 | 14.4 | 38.0 | 84.1 | 60.9% |
| Montenegro | 98.9 | 48.2 | 84.4 | 81.0 | -6.4% |
| Russia | 469 | 0.1 | N/A | N/A | -100.0% |
| France | 364 | 21.2 | N/A | N/A | -94.2% |
| Others | 1,660 | 1,168 | 1,446 | 1,095 | -13.0% |
| Total | 4,860 | 3,283 | 4,628 | 3,998 | -6.3% |
Top Export Markets for Pharmaceutical Goods from Croatia in 2022:
- Bosnia and Herzegovina (70.0 tons)
- Slovenia (18.8 tons)
- Montenegro (10.8 tons)
- Italy (7.6 tons)
- Spain (7.6 tons)
- Serbia (4.6 tons)
- North Macedonia (4.4 tons)
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