Business news from Ukraine

Pharmacy sales in Ukraine increased by almost 14% in monetary terms

27 June , 2024  

In January-May 2024, pharmacy sales in Ukraine increased by 13.87% in monetary terms compared to the same period in 2023 – to UAH 80.159 billion, while in physical terms they decreased by 4.2% to 491.363 million packs.

According to Business Credit, according to its research, the weighted average price of pharmacy basket goods during this period was UAH 163.14, which is 18.86% more than in the same period in 2023.

At the same time, pharmacy sales of medicines in January-May 2024 amounted to UAH 62.827 billion, which is 13.72% more than in the same period in 2023, but in physical terms, pharmacy sales of medicines decreased by 4.45% to 345.722 million packs.

The weighted average retail price of medicines in January-May 2024 amounted to UAH 181.73 per unit, which is 19% higher than a year earlier.

In addition, according to Business Credit, in monetary terms, pharmacy sales of medical cosmetics showed the highest dynamics in January-May 2024, which increased by 20.72% to almost UAH 2.035 billion, while in physical terms, pharmacy sales in this segment increased by 10.87% to 11.483 million packs. The weighted average price in this segment amounted to UAH 177.2 in the first five months of the year, which is 8.88% higher than a year earlier.

In addition, dietary supplements are among the leaders in pharmacy sales, which grew by 20% in monetary terms to UAH 8.514 billion, but in physical terms remained at the last year’s level – 43.208 million packs (up 0.97%).

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.

In January-March 2024, pharmacy sales in Ukraine 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. The weighted average price of pharmacy basket products in this period amounted to UAH 161.57, which is 18.39% more than in the first quarter of 2023.