Pharmaceutical Goods Price in Ecuador - 2022

Contents:

1. Pharmaceutical Goods Price in Ecuador (CIF) - 2022
2. Pharmaceutical Goods Price in Ecuador (FOB) - 2022
3. Pharmaceutical Goods Imports in Ecuador
4. Pharmaceutical Goods Exports in Ecuador

Pharmaceutical Goods Price in Ecuador (CIF) - 2022

The average pharmaceutical goods import price stood at $48,534 per ton in 2022, reducing by -12.7% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 6.5%. Over the period under review, average import prices attained the peak figure at $112,125 per ton in 2012; however, from 2013 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 the Netherlands ($178,652 per ton), while the price for Peru ($7,777 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Ecuador (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $29,083 per ton, picking up by 15% against the previous year. Overall, the export price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2014 an increase of 128% against the previous year. As a result, the export price attained the peak level of $120,662 per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($43,238 per ton), while the average price for exports to Peru totaled $25,165 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Ecuador

In 2022, the amount of pharmaceutical goodses imported into Ecuador totaled 705 tons, surging by 9.8% against the year before. Over the period under review, imports, however, saw a deep reduction.

In value terms, pharmaceutical goods imports declined slightly to $34M in 2022. Overall, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 9.1% against the previous year.

Top Suppliers of Pharmaceutical Goods to Ecuador in 2022:

1. Peru (264.9 tons)
2. China (125.5 tons)
3. United States (61.4 tons)
4. Mexico (38.7 tons)
5. Brazil (29.6 tons)
6. Thailand (24.4 tons)
7. Switzerland (22.4 tons)
8. Germany (18.3 tons)
9. Colombia (15.6 tons)
10. Hungary (13.4 tons)
11. Spain (11.6 tons)

Pharmaceutical Goods Exports in Ecuador

In 2022, shipments abroad of pharmaceutical goodses decreased by -28.1% to 835 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 203% against the previous year. As a result, the exports attained the peak of 1.2 tons, and then reduced markedly in the following year.

In value terms, pharmaceutical goods exports shrank notably to $24K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, the exports reached the peak of $29K, and then fell sharply in the following year.

Top Export Markets for Pharmaceutical Goods from Ecuador in 2022:

1. Peru (654.0 kg)
2. Chile (181.0 kg)

Source: IndexBox Market Intelligence Platform