Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in China - 2023

Contents:

  1. Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in China (FOB) - 2023
  2. Exports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in China

Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in China (FOB) - 2023

In December 2023, the average export price for antibiotics; chloramphenicol and its derivatives; salts thereoves amounted to $34,892 per ton, surging by 20% against the previous month. Over the period under review, the export price, however, recorded a perceptible descent. Over the period under review, the average export prices attained the peak figure at $63,028 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Germany ($126K per ton), while the average price for exports to Ghana ($16,861 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.1%), while the prices for the other major destinations experienced mixed trend patterns.

Exports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in China

In 2022, the amount of antibiotics; chloramphenicol and its derivatives; salts thereoves exported from China soared to 3.5K tons, jumping by 20% on 2021 figures. The total export volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of antibiotics; chloramphenicol and its derivatives; salts thereoves totaled $232M in 2022. The total export value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Export of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in China (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Chile18.328.530.629.016.6%
Brazil8.914.728.125.341.7%
Vietnam12.411.816.316.49.8%
Mexico10.111.313.415.415.1%
Russia5.74.66.012.329.2%
South Korea10.38.615.111.33.1%
Turkey4.86.85.810.429.4%
Netherlands22.421.520.77.8-29.6%
India1.53.96.27.268.7%
Indonesia3.54.06.96.221.0%
Spain6.05.57.96.10.6%
Taiwan (Chinese)4.93.87.45.85.8%
Pakistan3.42.74.74.49.0%
Others57.652.760.474.38.9%
Total17018123023210.9%

Top Export Markets for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof from China in 2022:

  1. Chile (463.9 tons)
  2. Brazil (409.0 tons)
  3. Vietnam (263.5 tons)
  4. Mexico (241.5 tons)
  5. Russia (198.8 tons)
  6. South Korea (174.6 tons)
  7. Turkey (158.3 tons)
  8. India (121.1 tons)
  9. Netherlands (96.3 tons)
  10. Taiwan (Chinese) (91.2 tons)
  11. Indonesia (84.3 tons)
  12. Spain (76.7 tons)
  13. Pakistan (75.2 tons)

Source: IndexBox Market Intelligence Platform

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