Price for Antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereof in South Korea - 2022

Contents:

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

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

The average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves stood at $53,637 per ton in December 2022, increasing by 22% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in July 2022 an increase of 23% month-to-month. As a result, import price attained the peak level of $53,817 per ton. From August 2022 to December 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Austria ($275K per ton), while the price for Spain ($40,321 per ton) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $692,688 per ton, jumping by 208% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,403,503 per ton), while the average price for exports to Bangladesh ($183,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+44.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

After two years of decline, purchases abroad of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves increased by 13% to 662 tons in 2022. Over the period under review, imports, however, saw a perceptible slump.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves surged to $30M in 2022. The total import value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (455.5 tons)
2. India (102.5 tons)
3. Spain (88.7 tons)

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

In 2022, approx. 3.7 tons of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves were exported from South Korea; with a decrease of -89.4% on the previous year. Over the period under review, exports faced a dramatic decrease. The smallest decline of -9.4% was in 2020.

In value terms, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves reduced sharply to $2.6M in 2022. Overall, exports faced a precipitous curtailment. The smallest decline of -2.8% was in 2020.

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

1. Bangladesh (1500.0 kg)
2. Japan (1347.0 kg)
3. Russia (800.0 kg)
4. Taiwan (Chinese) (33.0 kg)

Source: IndexBox Market Intelligence Platform