Pharmaceutical Goods Price in Ghana - 2022

Contents:

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

Pharmaceutical Goods Price in Ghana (CIF) - 2022

The average pharmaceutical goods import price stood at $28,483 per ton in 2022, standing approx. at the previous year. In general, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 +9.4% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 69% against the previous year. As a result, import price attained the peak level of $41,643 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($130,181 per ton), while the price for China ($2,662 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Pharmaceutical Goods Price in Ghana (FOB) - 2022

In 2022, the average pharmaceutical goods export price amounted to $50,486 per ton, dropping by -3.1% against the previous year. In general, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pharmaceutical goods export price increased by +73.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The export price peaked at $52,107 per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($350,533 per ton), while the average price for exports to the UK ($6,625 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 Mali (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

Pharmaceutical Goods Imports in Ghana

In 2022, after three years of growth, there was significant decline in overseas purchases of pharmaceutical goodses, when their volume decreased by -8% to 360 tons. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +17.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 47% against the previous year.

In value terms, pharmaceutical goods imports contracted to $10M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 58% against the previous year.

Top Suppliers of Pharmaceutical Goods to Ghana in 2022:

1. China (83.4 tons)
2. India (78.8 tons)
3. Germany (78.0 tons)
4. Malaysia (25.4 tons)
5. Italy (20.6 tons)
6. United Kingdom (19.8 tons)
7. United States (15.3 tons)
8. Belgium (4.8 tons)

Pharmaceutical Goods Exports in Ghana

Pharmaceutical goods exports from Ghana skyrocketed to 1.9 tons in 2022, with an increase of 135% on the previous year. In general, exports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 513% against the previous year. As a result, the exports reached the peak of 3.1 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, pharmaceutical goods exports surged to $97K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 633%. As a result, the exports reached the peak of $152K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Pharmaceutical Goods from Ghana in 2022:

1. Burkina Faso (817.0 kg)
2. Niger (428.0 kg)
3. Nigeria (356.0 kg)
4. United States (101.0 kg)
5. Cote d'Ivoire (67.0 kg)
6. Liberia (33.0 kg)

Source: IndexBox Market Intelligence Platform