Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Egypt - 2023

Contents:

  1. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Egypt (CIF) - 2022
  2. Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Egypt

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

The average import price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $198,102 per ton in 2022, growing by 41% against the previous year. Over the last decade, it increased at an average annual rate of +2.9%. Over the period under review, average import prices hit record highs at $234,759 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($198,163 per ton), while the price for China ($198,101 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of antibiotics; erythromycin and its derivatives; salts thereoves imported into Egypt rose modestly to 45 tons, surging by 4.5% compared with the previous year. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 97%. As a result, imports reached the peak of 55 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves soared to $8.9M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.3% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 48% against the previous year. As a result, imports reached the peak of $9.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Egypt (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.88.53.97.616.6%
India0.90.60.91.16.9%
Malaysia0.60.50.30.3-20.6%
Others0.2N/A1.1N/A134.5%
Total6.59.66.18.911.0%

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

  1. China (38.2 tons)
  2. India (5.4 tons)
  3. Malaysia (1.5 tons)

Source: IndexBox Market Intelligence Platform

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