Business news from Ukraine

Pharmacy sales in Ukraine increased by almost 22%

5 November , 2023  

Pharmacy sales in Ukraine in January-September 2023 increased by 21.56% compared to the same period in 2022 to UAH 126 billion, while in physical terms they decreased by 6.5% to 907.885 million packs.

Business Credit told Interfax-Ukraine that the weighted average price of pharmacy basket goods in the first nine months of 2023 amounted to UAH 138.78, which is 30% more than a year earlier.

Pharmacy sales of medicines increased by 19.39% in the first nine months of the year to almost UAH 98.556 billion. At the same time, in physical terms, the retail pharmaceutical market decreased by 4.66% to 637.465 million packs. The weighted average retail price of medicines in the first nine months of 2023 amounted to UAH 154.51, which is 25.22% more than a year earlier.

According to the company, sales growth in January-September in physical terms was recorded in the household chemicals segment (20.56%), dietary supplements (20%), mineral water (18.7%), medical cosmetics (17.59%) and special food products (7.63%).

In other segments, sales in volume terms decreased compared to the same period in 2022.

As reported, in January-June 2023, pharmacy sales increased by 19% in monetary terms compared to the same period in 2022 – up to UAH 84.126 billion, but in physical terms decreased by 10.4% to 612.11 million packs. The weighted average price of pharmacy basket products in the first half of 2023 amounted to UAH 137.44, which is 33% higher than in the same period of 2022.

Pharmacy sales of medicinal products in the first half of the year amounted to UAH 65.96 billion in monetary terms (up 16.9%), while in physical terms they decreased by 8.12% to 430.899 million packs.