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

Contents:

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

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

The average import price for antibiotics; tetracyclines and their derivatives; salts thereoves stood at $52,403 per ton in 2022, jumping by 16% against the previous year. Over the period under review, the import price recorded a remarkable increase. The growth pace was the most rapid in 2021 an increase of 54% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($170,351 per ton), while the price for Mexico ($2,824 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $4,063 per ton, almost unchanged from the previous year. Over the period under review, the export price, however, enjoyed a measured increase. The growth pace was the most rapid in 2013 an increase of 157% against the previous year. Over the period under review, the average export prices reached the peak figure at $12,075 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($18,850 per ton), while the average price for exports to Costa Rica ($2,197 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 Venezuela (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -87.1% to 526 kg, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 194% against the previous year. As a result, imports attained the peak of 4.7 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves declined markedly to $28K in 2022. Overall, imports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 78%.

Import of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica12.035.926.110.9-3.2%
Germany11.343.31.56.3-17.7%
India10.534.916.16.1-16.6%
Italy3.810.16.52.4-14.2%
China25.16.31310.8-68.3%
Mexico1.12.51.30.4-28.6%
Guatemala1.22.51.30.4-30.7%
Others11.81.20.80.3-70.6%
Total76.613718527.6-28.8%

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

  1. Costa Rica (198.0 kg)
  2. Mexico (142.0 kg)
  3. India (72.0 kg)
  4. Italy (51.0 kg)
  5. Germany (37.0 kg)
  6. China (14.0 kg)
  7. Guatemala (8.0 kg)

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

In 2022, overseas shipments of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -26.8% to 3 tons, falling for the second year in a row after two years of growth. In general, exports, however, showed prominent growth. The growth pace was the most rapid in 2020 when exports increased by 163% against the previous year. As a result, the exports reached the peak of 5.2 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of antibiotics; tetracyclines and their derivatives; salts thereoves declined remarkably to $12K in 2022. Over the period under review, exports continue to indicate a abrupt setback. The smallest decline of -8.5% was in 2020.

Export of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica0.93.03.85.683.9%
Guatemala5.410.88.24.4-6.6%
Venezuela4.47.44.82.2-20.6%
Others12.6N/AN/AN/A0%
Total23.321.316.712.2-19.4%

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

  1. Costa Rica (2.6 tons)
  2. Guatemala (0.2 tons)
  3. Venezuela (0.2 tons)

Source: IndexBox Market Intelligence Platform

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