Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Kuwait - 2022

Contents:

  1. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Kuwait (CIF) - 2022
  2. Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Kuwait

Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Kuwait (CIF) - 2022

The average import price for antibiotics; tetracyclines and their derivatives; salts thereoves stood at $55,500 per ton in 2022, with an increase of 10% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 89%. Over the period under review, average import prices hit record highs at $117,000 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($66,154 per ton), while the price for the United States ($27,800 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+72.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Kuwait

In 2022, purchases abroad of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -4.8% to 20 kg, falling for the second consecutive year after two years of growth. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 130%. As a result, imports reached the peak of 23 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $1.1K in 2022. Over the period under review, imports recorded a mild setback. The most prominent rate of growth was recorded in 2021 with an increase of 5.2% against the previous year.

Import of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Kuwait (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy61432178086011.9%
United States40475.0152139-29.9%
Germany15264.0125111-9.9%
FranceN/A289N/AN/A0%
United Arab EmiratesN/A256N/AN/A0%
OthersN/AN/AN/AN/A0%
Total1,1701,0051,0571,110-1.7%

Top Suppliers of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof to Kuwait in 2022:

  1. Italy (13.0 kg)
  2. United States (5.0 kg)
  3. Germany (2.0 kg)

Source: IndexBox Market Intelligence Platform

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