Price for Antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereof in Singapore - 2023

Contents:

1. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Singapore (FOB) - 2023
2. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Singapore (CIF) - 2022
3. Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Singapore
4. Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Singapore

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Singapore (FOB) - 2023

The average export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves stood at $53,492 per ton in September 2022, declining by -3.1% against the previous month. Over the period under review, the export price continues to indicate a perceptible contraction. As a result, the export price reached the peak level of $57,563 per ton. From July 2022 to September 2022, the the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In September 2022, the highest price was recorded for prices to Turkey ($53,786 per ton) and France ($53,579 per ton), while the average price for exports to Saudi Arabia ($50,302 per ton) and the UK ($53,256 per ton) were amongst the lowest.

From June 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-1.3%), while the prices for the other major destinations experienced a decline.

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

The average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves stood at $43,754 per ton in 2022, increasing by 24% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves increased by +31.5% against 2018 indices. The growth pace was the most rapid in 2018 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($72,032 per ton), while the price for Thailand ($23,348 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Singapore

In 2022, overseas shipments of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves increased by 25% to 2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a relatively flat trend pattern.

In value terms, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves declined to $82M in 2022. Overall, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 0.4% against the previous year. As a result, the exports reached the peak of $99M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof from Singapore in 2022:

1. United Kingdom (1169.6 tons)
2. France (593.2 tons)
3. Turkey (105.4 tons)
4. Saudi Arabia (73.0 tons)

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

In 2022, supplies from abroad of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves decreased by -62.1% to 20 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2020 with an increase of 54% against the previous year. As a result, imports attained the peak of 60 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves dropped remarkably to $870K in 2022. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 57% against the previous year.

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

1. Spain (10.1 tons)
2. China (4.4 tons)
3. India (4.3 tons)
4. Thailand (0.4 tons)
5. Germany (0.3 tons)

Source: IndexBox Market Intelligence Platform