Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Latvia - 2023

Contents:

1. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Latvia (FOB) - 2022
2. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Latvia (CIF) - 2022
3. Exports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Latvia
4. Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Latvia

Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Latvia (FOB) - 2022

The average export price for antibiotics; tetracyclines and their derivatives; salts thereoves stood at $121,143 per ton in 2022, increasing by 11% against the previous year. In general, the export price showed a buoyant expansion. The growth pace was the most rapid in 2018 an increase of 32%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($636,000 per ton), while the average price for exports to Germany ($63,909 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+72.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, the average import price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $128,077 per ton, surging by 120% against the previous year. Over the period under review, the import price enjoyed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($136,000 per ton), while the price for the United States ($124,667 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+26.4%).

Exports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Latvia

In 2022, overseas shipments of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -17.6% to 14 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 79%. As a result, the exports reached the peak of 25 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of antibiotics; tetracyclines and their derivatives; salts thereoves shrank to $1.7K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -21.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 56% against the previous year. As a result, the exports reached the peak of $2.2K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof from Latvia in 2022:

1. Germany (11.0 kg)
2. Turkey (1.0 kg)
3. United Kingdom (1.0 kg)
4. Russia (1.0 kg)

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

In 2022, supplies from abroad of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -77.6% to 13 kg, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp setback. The pace of growth was the most pronounced in 2020 when imports increased by 5,583% against the previous year. As a result, imports reached the peak of 2.3 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves declined sharply to $1.7K in 2022. Over the period under review, imports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2020 with an increase of 7,234%. As a result, imports reached the peak of $106K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Germany (8.0 kg)
2. United States (3.0 kg)
3. Poland (2.0 kg)

Source: IndexBox Market Intelligence Platform