Price for Antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereof in Thailand - 2024

Contents:

  1. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Thailand (CIF) - 2024
  2. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Thailand (FOB) - 2022
  3. Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Thailand
  4. Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Thailand

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Thailand (CIF) - 2024

The average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves stood at $35,914 per ton in September 2023, with an increase of 2.5% against the previous month. Over the period under review, the import price, however, recorded a mild descent. The pace of growth appeared the most rapid in March 2023 an increase of 7.6% against the previous month. The import price peaked at $40,702 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was India ($47,065 per ton), while the price for China amounted to $34,156 per ton.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by India (+1.3%).

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

In 2022, the average export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $23,481 per ton, which is down by -23.3% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves increased by +44.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 89% against the previous year. As a result, the export price reached the peak level of $30,617 per ton, and then dropped significantly in the following year.

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 the Philippines ($31,747 per ton), while the average price for exports to Cambodia amounted to $13,956 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+19.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves decreased by -15.6% to 1.9K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.2% 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 was the most pronounced in 2020 with an increase of 44%. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves rose remarkably to $65M in 2022. The total import value increased at an average annual rate of +7.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China31.235.431.343.411.6%
India15.716.822.720.08.4%
Spain6.04.14.91.6-35.6%
Others0.1N/AN/A0.10.0%
Total53.056.458.865.17.1%

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

  1. China (1275.8 tons)
  2. India (530.2 tons)
  3. Spain (45.3 tons)

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

After two years of decline, overseas shipments of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves increased by 270% to 50 tons in 2022. Overall, exports, however, saw a dramatic curtailment.

In value terms, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves skyrocketed to $1.2M in 2022. In general, exports, however, continue to indicate a precipitous curtailment.

Export of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
PhilippinesN/AN/A0.40.8100.0%
Cambodia0.20.2N/A0.314.5%
Vietnam7.63.8N/AN/A-50.0%
Lao People's Democratic Republic0.30.4N/AN/A33.3%
OthersN/A0.4N/AN/A0%
Total8.14.80.41.2-47.1%

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

  1. Philippines (26.4 tons)
  2. Cambodia (23.9 tons)

Source: IndexBox Market Intelligence Platform

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