News, archive: November 2017
The official start of labeling of pharmaceutical drugs is surely one of the most prominent events of 2017. It is both beneficial and risky for all market players. The benefits include more product distribution control opportunities for manufacturers. The risks involve the desire of the regulators to implement the system in a very short time, which can cause a wide variety of problems for the pharmaceutical wholesalers.
Between January and October 2017, Russia exported 16.7 bln RUB (customs paid) worth of pharmaceuticals (excluding EAEU countries), which is 2.2% lower than that of the same period of 2016. The exports in physical terms have risen by 5.4%, though, with 465.6 mln units of pharmaceuticals. The export line has been significantly expanded, with around 3,190 different trademarks.
Between January and October 2017, Russian manufacturers produced and dispatched 271 bln RUB worth of pharmaceutical drugs (dispatch prices, VAT included), which is in monetary terms 5.8% higher than that of the same period of 2016. In physical terms, the dynamics are 1.6%, with 3.45 bln units.
The third quarter of 2017 turned out quite eventful for the Russian pharmaceutical retail industry, with various deals, including rather big ones, as well as a further discussion of certain regulatory issues, in particular, the possibility of selling pharmaceutical drugs in supermarkets.
Between January and October 2017, Russian imported 498.3 bln RUB worth of pharmaceutical drugs (free circulation prices, VAT included), which is in monetary terms 4.2% higher than that of the same period of 2016. Ready-made drugs account for most imports (420 bln RUB), with an 8.9% increase in monetary terms. The in-bulk import has fallen by as much as 15.4%, with 78.2 bln RUB.
11/16/2017 Database Update: Import of Veterinary Drugs, Feed Supplements, and Veterinary APIs to Russia (October 2017)
Between January and October 2017, Russia imported 18.5 bln RUB worth of veterinary drugs (free circulation prices), which is in monetary terms 6.2% higher than that of the same period of 2016. The import of feed supplements has risen by only 2.4%, with 25.5 bln RUB. The veterinary API import has the best dynamics, with a 14.2% increase and 1.4 bln RUB.