Pharmacy sales in Ukraine in January-July 2023 increased by 29.95% compared to the same period of 2022 – up to UAH 13.221 billion, in physical terms – by 1.33% to 94.974 million packages.
Business Credit reported to Interfax-Ukraine that the weighted average price of goods of the pharmacy basket at the end of seven months of 2023 amounted to 139.21 UAH, which is 28.25% more than a year earlier.
Pharmacy sales of medicines for seven months increased by 28.53% – almost to UAH 10.338 billion. In physical terms, they grew by 1.58% to 65.932 mln packs. The weighted average retail price of medicines for seven months of 2023 amounted to UAH 156.79, which is 26.53% higher than a year earlier.
As reported, in January-June 2023 pharmacy sales increased in monetary terms by 19% compared to the same period of 2022 – to UAH 84.126 billion, but in physical terms decreased by 10.4% – to 612.11 million packs. The weighted average price of goods of the pharmacy basket in the first half of 2023 amounted to UAH 137.44 – 33% more than in the same period of 2022.
In the first half of the year, pharmacy sales of medicines in monetary terms amounted to UAH 65.96 billion (up 16.9%), while in physical terms they decreased by 8.12% to 430.899 mln packs.
Pharmacy sales for January-June 2023 increased in monetary terms by 19% compared to the same period of 2022 – to UAH 84.126 billion, but in physical terms decreased by 10.4% – to 612.11 million packs.
Business Credit reported to Interfax-Ukraine that according to its research, the weighted average price of goods of the pharmacy basket in the first half of 2023 amounted to 137.44 UAH – 33% more than in the same period of 2022.
In addition, pharmacy sales of medicinal products in the first half of the year in monetary terms amounted to UAH 65.96 billion (by 16.9%).
At the same time, in physical terms, pharmacy sales of drugs decreased by 8.12% to 430.899 mln packs.
According to “Business Credit”, in monetary terms, the greatest sales dynamics in January-June 2023 were demonstrated by household chemicals (58.6% growth), mineral water (52.1%) and dietary supplements, sales of which increased by 51.2% – to UAH 8.452 billion.
At the same time, in physical terms, almost all products of the pharmacy basket showed negative dynamics, except for dietary supplements, sales of which increased by 22% – to 50.611 mln packs, household chemicals (17.64% growth), medical cosmetics (13.15% growth) and mineral water (9.62%).
As reported, in January-May 2023, pharmacy sales in Ukraine increased by 15.4% compared to the same period of 2022 – up to UAH 70.398 billion, sales of medicines – by 12.84%, up to UAH 55.249 billion.
Pharmacy sales in January-June 2023 increased by 19.4% compared to the same period of 2022 and amounted to almost UAH 84.127 billion.
According to a study by Business Credit, in physical terms, pharmacies sold 612.11 million packs in the first half of this year, which is 10% less than in January-June 2022.
According to the survey, the weighted average price of all goods of the pharmacy basket increased by almost a third (+33%) – up to UAH 137.44. At the same time, pharmacy sales of medicines in January-June 2023 increased to UAH 65.96 billion (+16.9%). The weighted average price of medicines amounted to UAH 153.8, which is 27.2% more than a year earlier. A total of 430.899 mln packs of medicines (-8.12%) were sold in the mentioned reporting period in the pharmacy network.
The report states that pharmacy sales of medical devices increased in the first half of 2023 by 9.83% – up to UAH 2.142 billion.
Among the leaders in terms of growth, in particular, mineral water, whose sales increased by 52.1% to UAH 432.537 million, and dietary supplements with an increase in sales by 51.17% to sales of January-June 2022, almost to UAH 8.453 billion.
At the same time, sales of products for parenteral administration of medicines decreased by 20% to UAH 230.483 mln.
Pharmacy sales in the first quarter of 2023 amounted to 42.3 billion UAH in money terms and 309.8 million packs in kind, the Business Credit company told the agency.
At the same time, according to the company, in the fourth quarter of 2022 pharmacy sales of 39.5 billion UAH or 308.7 million packs.
The sales increase in monetary terms the company’s analysts explain the growth in weighted average retail price – for three months the average price of goods rose by 8.3 UAH.
In monetary terms the leaders of pharmacy sales turnover in the first quarter were mineral water (+17.3%). At the same time the prices in this group of goods rose by 9.45%. In addition, among the leaders of turnover were dietary supplements (+13.6%), with prices up 5.1% and demand up 8%.
The medicinal cosmetics segment (10.5%) grew in monetary terms in the first quarter of 2023.
In other product groups, the turnover in the first quarter increased slower than the market, or declined at all.
At the same time, the company’s analysts forecast growth of turnover in pharmacy sales due to inflation, rising prices and changes in consumption patterns amid stagnating consumer demand.
At the same time, according to the company, by the end of 2022 the retail pharmacy sales fell by 9.7% in volume terms to 1.2 billion units against 1.417 billion in 2021.
In monetary terms, pharmacy sales in 2022 rose 13.4% to 143.2 billion.
“The increase in turnover in monetary terms was primarily due to high inflation. In the structure of pharmacy sales, inflation was 18% on the background of retail price growth (25.6%). Own price growth led to an increase in turnover in monetary terms against the background of falling consumer demand,” the company states.
