Business news from Ukraine

Pharmacy sales in Ukraine in January-March increased by 14.8% to UAH 48.5 bln

5 May , 2024  

Pharmacy sales in Ukraine in January-March 2024 increased by 14.8% in monetary terms compared to the same period a year earlier to UAH 48.532 billion, while in physical terms they decreased by 3% to 300.373 million packs.

Business Credit told Interfax-Ukraine that according to its research, the weighted average price of pharmacy basket items during this period was UAH 161.57, up 18.39% compared to the first quarter of 2023.

In addition, according to Business Credit, pharmacies sold over UAH 37.944 billion worth of medicines, which is 13.6% more than in the same period in 2023. At the same time, their sales in physical terms decreased by 3.75% to 212.103 million packs.

The weighted average retail price of medicinal products in January-March 2024 amounted to UAH 178.9 per unit, which is 18% higher than a year earlier.

At the same time, in monetary terms, pharmacy sales of disinfectants showed the greatest dynamics in January-March 2024 (an increase of 49.57%), Business Credit said.

The top three leaders in sales dynamics also included dietary supplements, whose sales increased by 26.35% in monetary terms to UAH 5.317 billion and by 2.94% in physical terms to more than 27.136 million packages. The average unit price in this segment amounted to UAH 195.96 per unit, up 22.7% year-on-year.

In addition, medical cosmetics were in the top three. Pharmacy sales in this segment in monetary terms amounted to UAH 1.225 billion, up 26.13% year-on-year, and almost 6.897 million packs were sold (+13.8% in physical terms). The weighted average price in this segment was UAH 177.62 per pack (up 10.8%).

As reported, in 2023, pharmacy sales in Ukraine increased by almost 21.67% in monetary terms compared to 2022, to UAH 174.249 billion, while in physical terms they decreased by 4.76%, to 1.218 billion packs. The weighted average price of pharmacy sales last year amounted to UAH 142.96 per unit, which is 27.75% more than in 2022.

At the same time, sales of medicinal products in pharmacies increased by 19.69% in monetary terms to UAH 136.246 billion, while sales in physical terms decreased by 3% to 858.55 million packs. Their weighted average price increased by 23.5% to UAH 158.69 per unit.