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Prices for animal drugs up 22% in 2022, analysts say

According to data provided by the analytical company ARENSI Pharma, offline retail prices for animal health products increased by 22,8% over the first 10 months of the previous year.

Prices for animal drugs up 22% in 2022, analysts say
Photo by Alexander Plonsky /V&L

Online prices for animal health products have seen even more significant growth, reaching 25,5% over the first 9 months of 2022.

“The main reason for the rise in prices is the sanctions. First of all, these are restrictions on the operations of various logistics corridors. Some of them simply discontinued operations; some became much more expensive. Currently, transit routes implying indirect import of goods into Russia through third countries are involved. This affects the cost of delivery, and the expenses, of course, are covered through consumer prices,” Nikolai Bespalov, Development Director for the analytical company ARENSI Pharma, explained to “Veterinary medicine and Life” in an interview.

Veterinarians note that prices for animal drugs increase even more rapidly. Some have jumped 50 to 300%, says Artem Spirin, the head of the educational veterinary center “Dentalvet” (Moscow). According to him, in 2021 vaccination of an animal cost 600-1800 rubles, as compared to 2022, when it increased to 1000-3000 rubles.

According to the European Veterinary Center (EVC), the fastest growth rate was observed in 2022 in prices for anesthetics, antispasmodics, and heart medications. The prices for them soared nearly 10-15 times by the middle of the year. The situation with supplies stabilized by the end of the year. Prices bounced back, and average annual growth ranged from 80 to 150%.

Read more about the rise in pet care costs in 2022.

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English version, 20 Jan 2023 19:44
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