Briefing on Import of Human Medicines & Veterinary Medicines by Brazil in 2014-2018
Human medicines and veterinary medicines have an enormous positive influence on global health, prosperity and economic productivity by saving lives, increasing life spans, reducing suffering, preventing surgeries and shortening hospital stays. According to data released by the Ministry of Economy of Brazil, Brazil’s import of human medicines and veterinary medicines accounts for 3.72% of the total imports in 2018, ranking the 3rd of PPE (Principais Produtos Exportados, Main Products Exported) imports in 2018; and it also ranks the 3rd in the import of manufactured products in 2018 with the proportion at 4.38%. Import Weight of Human Medicines & Veterinary Medicines in 2014-2018 Data Source: Ministry of Economy of Brazil Import Value of Human Medicines & Veterinary Medicines in 2014-2018 Data Source: Ministry of Economy of Brazil Import Price of Human Medicines & Veterinary Medicines in 2014-2018 Data Source: Ministry of Economy of Brazil Through the above diagrams, we can see that there was a big rise in both the import weight and value of the human and veterinary medicines in 2018, with the import weight reaching to 39,248.44 tons, up by 16.4% compared with that of 2017, and the import value totaling at USD 6,749.79 million, seeing a 10.4% YoY increase. However, the average import price is USD 172 FOB / Kg, down by -5.2% compared with that of 2017. It is also shown that, import weight of human medicines & veterinary medicines is displaying a general decline trend from 2014 to 2017 despite of a weak rebound in 2015, and then achieved a stable growth in 2018. Meanwhile, the import value saw a decrease path from 2014 to 2016, sharp down by -13.7% YoY in 2015, but maintained a good momentum of growth from 2016 to 2018. As of its average price, it plummeted in 2015 compared that of 2014, drop by -16.4% year over year, and then rose again to 181.386 USD per kilogram in 2017, but decreased to 171.976 USD per kilogram in 2018. Top 7 Exporters of Human Medicines & Veterinary Medicines to Brazil in 2018 Data Source: Ministry of Economy of Brazil In 2018, Brazil’s imports of human medicines & veterinary medicines are mainly from Germany, USA, Switzerland, Italy, Belgium, Ireland and India, which reflects that the Europe and America remain to be the leaders in the medicine export market. Germany ranks first among the top 7 export countries, with the export value to Brazil amounting to USD 1.16 billion, representing 17% in the Brazil’s human and veterinary medicine imports, followed closely by USA and Switzerland, accounting for 16% and 11%, respectively. Given that market growth of medicines is shifting toward emerging markets in Asia, Latin America and elsewhere, where pharmaceutical sales are forecasted to expand at double digit rates. With the help of OKCHEM, you could easily make a way into overseas market and get more quality buyers for your pharmaceutical products. OKCHEM, as the most professional and leading B2B platform of chemicals, with 20 offices around the globe, we are always dedicated to offering a large basket of best solutions for both chemical buyers and sellers, with the objective of helping them grow business and go farther. For chemical buyers, we provide a wide range of quality-guaranteed products from the strictly selected manufacturers all over the world; for chemical suppliers, we provide a potential platform to reach a ton of buyers overseas and increase the sales.