News, archive: May 2022
In January–April 2022, the offline sales of veterinary drugs in the Russian retail market were 7.1 billion RUB (retail prices, VAT included), up only 2.5% from January–April 2021, while the growth rate was as high as 16% back in January–March 2022. In physical terms, the volume was 45.4 million minimum dosage units (MDU), down 15.2% in MDUs.
The work of all participants in the Russian pharmaceutical market was tremendously influenced by the well-known events of the early spring, with the surge in demand in the retail and public procurement segments fading into insignificant here. What is much more important is which effect the crisis will have on the logistics, as well as how it will reshape the relations between the manufacturer and the distributor, and the distributor and the pharmacy.
In January–March 2022, Russia imported 9.6 billion rubles’ worth of veterinary drugs (customs clearance and VAT included), down 2.6% from the same period in 2021. However, the growth rate in 2021 was 6.8%. As for feed supplements, the import volume was 12.7 billion rubles, up 37% from Q1 2021. The last time the growth rates were double-digit was back in 2020 (11.5%).
In Q1 2022, the offline sales of veterinary drugs in the Russian retail market were 4.7 billion RUB (retail prices, VAT included), up 16% from Q1 2021. In physical terms, the volume was 31.5 million minimum dosage units (MDU), down 14.2% in MDUs.