News, archive: June 2019
6/25/2019 Database Update: Import of Pharmaceutical Drugs Made in EEU Countries to Russia (May 2019)
Between January and May 2019, Russia imported 5.4 bln RUB worth of pharmaceutical drugs made in the EEU countries (wholesale prices, VAT included), which is in monetary terms (rubles) 22.4% higher than that of the same period in 2018. The dynamics in physical terms (units) are around +28%, with 100 mln units.
Between January and May 2019, Russia produced 157.5 bln RUB worth of pharmaceutical drugs (manufacturers’ dispatch prices, VAT included), which is in monetary terms (rubles) 19.1% higher than that of the same period in 2018. While the dynamics are positive, they are still significantly lower than those of 2018. These dynamics are due to May’s negative dynamics in monetary terms and low positive in physical terms.
For the Russian pharmaceutical retail, the first months of 2019 were highlighted by a significant growth of the market volume in monetary terms (+6.1% in rubles) against last year’s stagnation. The high dynamics are mostly due to a surge in influenza and ARVI incidence, with the epidemiological season being rather atypical both in terms and incidence rates. The pharmaceutical inflation rates, which reached 5.6% from January to March, also contributed to the dynamics. At the same time, incomes of the population for the period have fallen by an impressive 2.3%. Russians began to actively save money, which this is not just a hypothesis; the trends of “savings behavior” are confirmed by the surveys of such organizations as VTsIOM (Russian Public Opinion Research Center) and research holding Romir.
6/4/2019 Database Update: Import of Veterinary Drugs, Feed Supplements, and Veterinary APIs to Russia (March 2019)
Between January and March 2019, Russia imported 14.2 bln RUB worth of veterinary products (free circulation prices), which is in monetary terms (rubles) 1.8% higher than that of the same period in 2018. The dynamics of the import of veterinary drugs are +10% (6.2 bln RUB), which is the highest dynamics among the three groups. The lowest import dynamics belong to feed supplements, with -4.5% (7.5 bln RUB). The dynamics of the API import in monetary terms are +8.3%, with 529 bln RUB.
Between January and March 2019, Russia imported 25.4 bln RUB worth of APIs (free circulation prices, VAT included), which is in monetary terms (rubles) 15.4% higher than that of the same period in 2018. The dynamics is physical terms are -1.6% (in tons), with 2.6 thousand tons.