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The pharmaceutical sector recorded the highest levels of retail sales in the third quarter compared to the pre-crisis period compared to other sectors.
INSTAT data show that in the third quarter retail sales in the pharmaceutical products market increased by 21 percent compared to the third quarter of 2019. Developments in the sector were affected by the Covid 19 pandemic, which boosted consumption unusual of a wide range of pharmaceutical products from vitamins to antibiotics. Over the next two years since the pandemic began sales in the pharmaceutical industry continued to grow. Compared to 2020 the increase in sales in pharmaceutical products was over 5%.
Sales in the group of pharmaceutical products were growing even before the crisis due to the increasing burden of disease and aging population.
After pharmaceutical products, the highest increase in sales results in industrial items in specialized trade units, which represent mainly construction materials. Sales in these products increased by 16% compared to the third quarter of 2019, while compared to 2020 they increased by only 0.8%.
The third group with the highest sales growth were furniture and household appliances. In the third quarter 2021 sales in these items increased by 11.2 percent compared to the pre-crisis period and by 2.3 percent compared to the same period in 2020.
In relation to the pre-crisis, there was a decrease in sales only in computer products by about 2%. This decline came after the oversupply of the market by large sales during the quarantine period in the second quarter of 2020.
Retail trade was significantly affected by pandemic developments which reoriented consumption to certain items, mainly food, pharmaceuticals. The quarantine period and stay at home significantly encouraged reconstructions and the purchase of household appliances.
With the lifting of the restrictive measures sales returned to normal for all products, but for pharmaceutical products the demand remained high as the pandemic spread continues.
The pandemic is also increasing the burden of disease in the population as some people who have been infected with Covid-19 with severe symptoms are suffering from prolonged Covid and will always need medical treatment./Monitor
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