RNC Pharma has calculated the number of price increases for animal drugs in the Russian retail market from the start of 2024 (January-June). Compared to the same indicator of the previous year, the growth was 33.6%, including online sales. At the same time, among imported goods, the growth was 48.8%, and among Russian ones – 9%.
The absolute maximum of the price index for imported veterinary drugs was recorded in April. Inflation was then at the level of 62%, and in June it dropped to 40.3%. In general, as of June of this year, the indicator on the entire veterinary drug market was 27.8%.
Simultaneously, the offline price index experienced a shift towards a downward trend during the first three months of 2024. While March witnessed a notable price surge of 40.4%, by June, the indicator had moderated to a modest 24.6%. A similar trend was observed in online sales as well, with indicators beginning to decline in April and the price index reaching 34.9% in June. In total, offline prices increased by 30.7% in the first six months. At the same time, in the e-com segment the price index for January – June reached 48.4%.