News, archive: February 2018
2/22/2018 2017 Rating of Russian Pharmacy Chains
At the beginning of the year, pharmaceutical drug sale in non-pharmaceutical stores was once again one of the central topics for the Russian pharmaceutical industry. The industry professionals made an unambiguous assessment of the initiative, which could have called it quits. However, the regulators had other ideas. In December 2017, a draft federal law was submitted for public discussion.
Among veterinary products, feed supplements led the way in import volume in 2017, with 32.8 mln RUB (free circulation prices). Since 2016, feed supplement import has increased by 6.2% in monetary terms. Veterinary drug import has risen by 7.6% in monetary terms, with the volume amounting to more than 23.8 mln RUB. Veterinary API import shows the best progress with 12.9% and 1.8 bln RUB.
Between January and December 2017, Russia imported 74 bln RUB worth of APIs (free circulation prices plus VAT). Pharmacopoeial APIs take up most of it (97.5%) and contributed to the total import volume in monetary terms, which has risen by 22% in comparison with the same period in 2016. Pharmacopoeial API import has risen by 23% over the year, and imports of technical raw materials have decreased by 5.5%.
In 2017, Russia imported 620.4 bln worth of pharmaceutical drugs (free circulation prices plus VAT), which is 4.4 higher than that of the same period last year. Ready-made drugs has the biggest share, with an 8.6% increase over the year and the total import volume amounting to 524.9 bln RUB. In-bulk products account for 95.5 bln RUB with a 13.9% decrease.
Both December and the whole year showed rather disappointing results for Russian pharmaceutical manufacturers. In 2017, Russia produced around 4.5 bln units of pharmaceuticals, which is only 0.7% higher than that in 2016. In monetary terms, the increase is 6.1%, which is still far behind the growth rates in 2015 and 2016. Russian companies put on the market 333.6 bln RUB worth of pharmaceuticals in 2017 (dispatch prices plus VAT).