Price for Pharmaceutical Goods; Waste Pharmaceuticals in the United States - 2023
Contents:
- Price for Pharmaceutical Goods; Waste Pharmaceuticals in the United States (FOB) - 2023
- Price for Pharmaceutical Goods; Waste Pharmaceuticals in the United States (CIF) - 2022
- Exports of Pharmaceutical Goods; Waste Pharmaceuticals in the United States
- Imports of Pharmaceutical Goods; Waste Pharmaceuticals in the United States
Price for Pharmaceutical Goods; Waste Pharmaceuticals in the United States (FOB) - 2023
In August 2023, the average pharmaceutical goods; waste pharmaceuticals export price amounted to $98,195 per ton, which is down by -80.1% against the previous month. Overall, the export price, however, recorded a strong expansion. The growth pace was the most rapid in October 2022 an increase of 324% against the previous month. Over the period under review, the average export prices attained the peak figure at $493K per ton in July 2023, and then dropped rapidly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Venezuela ($493K per ton), while the average price for exports to India ($49,887 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cayman Islands (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Pharmaceutical Goods; Waste Pharmaceuticals in the United States (CIF) - 2022
The average pharmaceutical goods; waste pharmaceuticals import price stood at $32,112 per ton in 2022, waning by -76.6% against the previous year. Overall, the import price, however, saw perceptible growth. The most prominent rate of growth was recorded in 2013 when the average import price increased by 477% against the previous year. Over the period under review, average import prices hit record highs at $384,936 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($404,272 per ton), while the price for Canada ($20,619 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Pharmaceutical Goods; Waste Pharmaceuticals in the United States
After two years of decline, overseas shipments of pharmaceutical goods; waste pharmaceuticalses increased by 54% to 75 tons in 2022. Overall, exports, however, showed a abrupt setback.
In value terms, pharmaceutical goods; waste pharmaceuticals exports surged to $7.1M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.8% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Pharmaceutical Goods; Waste Pharmaceuticals in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 181 | 162 | 110 | 2,620 | 143.7% |
| Jamaica | 884 | 1,250 | 1,345 | 1,389 | 16.3% |
| Bahamas | 231 | 239 | 451 | 726 | 46.5% |
| Ireland | 241 | 76.3 | 171 | 697 | 42.5% |
| Cayman Islands | 95.0 | 122 | 173 | 303 | 47.2% |
| Saudi Arabia | 613 | 142 | 79.2 | 44.0 | -58.4% |
| Peru | 416 | 16.4 | N/A | N/A | -96.1% |
| Others | 3,127 | 2,340 | 2,204 | 1,344 | -24.5% |
| Total | 5,788 | 4,348 | 4,533 | 7,124 | 7.2% |
Top Export Markets for Pharmaceutical Goods; Waste Pharmaceuticals from the United States in 2022:
- United Kingdom (27.7 tons)
- Jamaica (23.4 tons)
- Ireland (15.2 tons)
- Cayman Islands (3.0 tons)
- Bahamas (2.9 tons)
- Saudi Arabia (0.2 tons)
Imports of Pharmaceutical Goods; Waste Pharmaceuticals in the United States
In 2022, approx. 5.7 tons of pharmaceutical goods; waste pharmaceuticalses were imported into the United States; growing by 80% compared with 2021 figures. Over the period under review, imports recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 232%. As a result, imports attained the peak of 6.4 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, pharmaceutical goods; waste pharmaceuticals imports shrank notably to $182K in 2022. In general, imports, however, faced a precipitous decline. The growth pace was the most rapid in 2021 with an increase of 139%.
| Import of Pharmaceutical Goods; Waste Pharmaceuticals in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 84.0 | 0% |
| Germany | N/A | 6.9 | 11.2 | 37.2 | 132.2% |
| Italy | N/A | N/A | 90.9 | 28.0 | -69.2% |
| Canada | 3.0 | 8.9 | 7.2 | 19.2 | 85.7% |
| China | 2.0 | 139 | N/A | 11.1 | 77.1% |
| Spain | 731 | N/A | N/A | N/A | 0% |
| India | N/A | 15.6 | 194 | N/A | 1143.6% |
| Others | 10.0 | 10.9 | 130 | 2.9 | -33.8% |
| Total | 746 | 182 | 434 | 182 | -37.5% |
Top Suppliers of Pharmaceutical Goods; Waste Pharmaceuticals to the United States in 2022:
- Japan (4073.0 kg)
- Canada (931.0 kg)
- Italy (528.0 kg)
- Germany (92.0 kg)
- China (19.0 kg)
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