Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea - 2022
Contents:
- Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea (CIF) - 2022
- Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea (FOB) - 2022
- Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea
- Exports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea
Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea (CIF) - 2022
The average import price for antibiotics; chloramphenicol and its derivatives; salts thereoves stood at $58,085 per ton in December 2022, with a decrease of -2.3% against the previous month. In general, the import price recorded a noticeable decline. The growth pace was the most rapid in July 2022 an increase of 5.1% m-o-m. The import price peaked at $97,828 per ton in December 2021; however, from January 2022 to December 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From December 2021 to December 2022, the rate of growth in terms of prices for China amounted to -4.3% per month.
Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea (FOB) - 2022
The average export price for antibiotics; chloramphenicol and its derivatives; salts thereoves stood at $20,077 per ton in 2022, jumping by 101% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth appeared the most rapid in 2021 an increase of 130% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($417,111 per ton), while the average price for exports to Malaysia amounted to $3,844 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea
In 2022, approx. 178 tons of antibiotics; chloramphenicol and its derivatives; salts thereoves were imported into South Korea; with a decrease of -7.3% compared with 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. As a result, imports reached the peak of 192 tons, and then dropped in the following year.
In value terms, imports of antibiotics; chloramphenicol and its derivatives; salts thereoves contracted significantly to $12M in 2022. Overall, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 74% against the previous year. As a result, imports reached the peak of $16M, and then contracted remarkably in the following year.
| Import of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.0 | 9.3 | 16.1 | 11.8 | 2.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.0 | 9.3 | 16.1 | 11.8 | 2.4% |
Top Suppliers of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof to South Korea in 2022:
- China (178.1 tons)
Exports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea
For the third year in a row, South Korea recorded decline in shipments abroad of antibiotics; chloramphenicol and its derivatives; salts thereoves, which decreased by -53.9% to 414 kg in 2022. In general, exports faced a precipitous curtailment.
In value terms, exports of antibiotics; chloramphenicol and its derivatives; salts thereoves contracted to $8.3K in 2022. Over the period under review, exports showed a sharp slump. The smallest decline of -7.4% was in 2021.
| Export of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | N/A | 0.1 | 2.1 | 3.8 | 516.4% |
| Malaysia | 38.6 | 9.3 | 3.6 | 1.5 | -66.1% |
| Philippines | 140 | N/A | N/A | N/A | 0% |
| Others | 13.1 | 0.2 | 3.3 | 3.1 | -38.1% |
| Total | 191 | 9.7 | 9.0 | 8.3 | -64.8% |
Top Export Markets for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof from South Korea in 2022:
- Malaysia (392.0 kg)
- Taiwan (Chinese) (9.0 kg)
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