Pharmaceutical Goods Price in Malaysia - 2021
Contents:
- Pharmaceutical Goods Price in Malaysia (CIF) - 2022
- Pharmaceutical Goods Price in Malaysia (FOB) - 2022
- Pharmaceutical Goods Imports in Malaysia
- Pharmaceutical Goods Exports in Malaysia
Pharmaceutical Goods Price in Malaysia (CIF) - 2022
In 2022, the average pharmaceutical goods import price amounted to $17,244 per ton, dropping by -9.6% against the previous year. Overall, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2021 an increase of 46%. The import price peaked at $56,359 per ton in 2013; however, from 2014 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 Germany ($49,816 per ton), while the price for China ($5,655 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (-2.6%), while the prices for the other major suppliers experienced a decline.
Pharmaceutical Goods Price in Malaysia (FOB) - 2022
The average pharmaceutical goods export price stood at $52,761 per ton in 2022, waning by -4.3% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 +62.6% against 2012 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 18%. As a result, the export price attained the peak level of $55,142 per ton, and then dropped modestly in the following year.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +9.7% per year.
Pharmaceutical Goods Imports in Malaysia
In 2022, approx. 1.7K tons of pharmaceutical goodses were imported into Malaysia; picking up by 7.7% on the year before. Over the period under review, imports, however, recorded a slight slump. The growth pace was the most rapid in 2020 with an increase of 24%. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, pharmaceutical goods imports reduced modestly to $29M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 16%.
| Import of Pharmaceutical Goods in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.1 | 5.0 | 4.6 | 3.9 | -1.7% |
| Germany | 2.6 | 2.3 | 3.5 | 3.4 | 9.4% |
| China | 2.6 | 3.5 | 3.0 | 2.9 | 3.7% |
| United States | 1.0 | 1.4 | 1.4 | 1.6 | 17.0% |
| Spain | 1.0 | 1.3 | 1.1 | 1.5 | 14.5% |
| Italy | 0.6 | 0.7 | 0.8 | 0.9 | 14.5% |
| Hungary | 0.5 | 0.8 | 0.7 | 0.7 | 11.9% |
| India | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Australia | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Thailand | 0.4 | 1.0 | 0.5 | N/A | 11.8% |
| Others | 11.1 | 12.0 | 13.9 | 13.8 | 7.5% |
| Total | 24.3 | 28.3 | 29.9 | 29.1 | 6.2% |
Top Suppliers of Pharmaceutical Goods to Malaysia in 2022:
- China (506.0 tons)
- United States (228.8 tons)
- Singapore (136.1 tons)
- Hungary (124.1 tons)
- Italy (78.2 tons)
- Germany (67.4 tons)
- Spain (40.5 tons)
- India (22.7 tons)
- Australia (21.7 tons)
Pharmaceutical Goods Exports in Malaysia
After three years of growth, shipments abroad of pharmaceutical goodses decreased by -8.8% to 361 tons in 2022. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13%. As a result, the exports reached the peak of 396 tons, and then shrank in the following year.
In value terms, pharmaceutical goods exports fell to $19M in 2022. The total export value increased at an average annual rate of +2.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, the exports reached the peak of $22M, and then contracted in the following year.
| Export of Pharmaceutical Goods in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 0.5 | 0.3 | 0.1 | 19.0 | 236.2% |
| Thailand | 0.6 | 0.7 | 0.5 | N/A | -8.7% |
| Vietnam | 0.4 | 0.3 | 0.9 | N/A | 50.0% |
| United States | 0.8 | 1.3 | 1.8 | N/A | 50.0% |
| Brunei Darussalam | 11.7 | 9.7 | 13.2 | N/A | 6.2% |
| Indonesia | 0.1 | 0.1 | 0.3 | N/A | 73.2% |
| Philippines | 0.2 | 0.2 | 0.2 | N/A | 0.0% |
| Singapore | 0.8 | 0.6 | 0.9 | N/A | 6.1% |
| Others | 2.4 | 2.9 | 3.9 | N/A | 27.5% |
| Total | 17.5 | 16.3 | 21.8 | 19.0 | 2.8% |
Top Export Markets for Pharmaceutical Goods from Malaysia in 2022:
- Myanmar (361.0 tons)
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