Price for Antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereof in Kuwait - 2022

Contents:

  1. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Kuwait (CIF) - 2022
  2. Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Kuwait

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Kuwait (CIF) - 2022

In 2022, the average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $40,184 per ton, which is down by -38.1% against the previous year. Over the period under review, the import price, however, showed a modest increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 66%. As a result, import price reached the peak level of $64,928 per ton, and then fell remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($41,500 per ton), while the price for Spain stood at $40,193 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Kuwait

In 2022, the amount of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves imported into Kuwait surged to 1.1 tons, growing by 533% compared with the year before. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 1,700%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves skyrocketed to $46K in 2022. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 2,881% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Import of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Kuwait (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain2.60.25.744.7158.1%
FranceN/AN/A1.00.5-50.0%
United States0.7N/A0.30.4-17.0%
United Kingdom6.3N/A3.7N/A-23.4%
Others1.30.11.00.2-46.4%
Total10.90.411.745.861.4%

Top Suppliers of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof to Kuwait in 2022:

  1. Spain (1111.0 kg)
  2. France (13.0 kg)
  3. United States (10.0 kg)

Source: IndexBox Market Intelligence Platform

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