Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia - 2022

Contents:

1. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia (CIF) - 2022
2. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia (FOB) - 2022
3. Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia
4. Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia (CIF) - 2022

In February 2022, the average import price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $457K per ton, with an increase of 286% against the previous month. In general, the import price posted a prominent increase. Over the period under review, average import prices attained the maximum at $520K per ton in March 2021; however, from April 2021 to February 2022, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($663K per ton), while the price for Thailand ($77,938 per ton) was amongst the lowest.

From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by China (+10.6%), while the prices for the other major suppliers experienced a decline.

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia (FOB) - 2022

In 2022, the average export price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $170,743 per ton, rising by 6.6% against the previous year. In general, the export price showed a temperate increase. The pace of growth was the most pronounced in 2018 an increase of 104%. As a result, the export price attained the peak level of $232,260 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was El Salvador ($175,007 per ton), while the average price for exports to Nicaragua totaled $6,474 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia

In 2022, the amount of antibiotics; erythromycin and its derivatives; salts thereoves imported into Colombia contracted remarkably to 12 tons, with a decrease of -45.3% compared with the year before. In general, imports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 157% against the previous year.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves contracted remarkably to $1.7M in 2022. Over the period under review, imports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 116% against the previous year.

Top Suppliers of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof to Colombia in 2022:

1. China (8.1 tons)
2. India (3.0 tons)
3. United Arab Emirates (0.3 tons)
4. Thailand (0.3 tons)

Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Colombia

For the fourth consecutive year, Colombia recorded growth in overseas shipments of antibiotics; erythromycin and its derivatives; salts thereoves, which increased by 13% to 751 kg in 2022. The total export volume increased at an average annual rate of +11.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, exports of antibiotics; erythromycin and its derivatives; salts thereoves soared to $128K in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.8% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof from Colombia in 2022:

1. El Salvador (732.0 kg)
2. Nicaragua (19.0 kg)

Source: IndexBox Market Intelligence Platform