Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey - 2024

Contents:

  1. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey (CIF) - 2024
  2. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey (FOB) - 2022
  3. Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey
  4. Exports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey

Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey (CIF) - 2024

In September 2023, the average import price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $56,325 per ton, waning by -52.8% against the previous month. Overall, the import price, however, showed measured growth. The most prominent rate of growth was recorded in August 2023 an increase of 178% against the previous month. As a result, import price attained the peak level of $119K per ton, and then declined dramatically in the following month.

As there is only one major supplying country, the average price level is determined by prices for China.

From February 2023 to September 2023, the rate of growth in terms of prices for China amounted to +11.1% per month.

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

In 2022, the average export price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $11,078 per ton, which is down by -90.5% against the previous year. Overall, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 120%. As a result, the export price attained the peak level of $211,780 per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($11,948 per ton), while the average price for exports to Russia stood at $9,473 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+67.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -2.7% to 228 tons for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.0% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 58%.

In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves rose rapidly to $12M in 2022. The total import value increased at an average annual rate of +14.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 26%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Import of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.18.910.410.821.0%
Others2.01.30.91.3-13.4%
Total8.110.211.312.214.6%

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

  1. China (225.5 tons)

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

After two years of decline, overseas shipments of antibiotics; tetracyclines and their derivatives; salts thereoves increased by 25,417% to 1.5 tons in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of antibiotics; tetracyclines and their derivatives; salts thereoves surged to $17K in 2022. Overall, exports, however, continue to indicate a significant curtailment.

Export of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A11.90%
RussiaN/AN/AN/A5.00%
Spain0.7N/AN/AN/A0%
Austria0.1N/AN/AN/A0%
Azerbaijan0.30.30.1N/A-42.3%
Lebanon0.2N/AN/AN/A0%
India144N/AN/AN/A0%
OthersN/A10.30.6N/A-94.2%
Total14510.60.717.0-51.1%

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

  1. China (999.0 kg)
  2. Russia (528.0 kg)
  3. Azerbaijan (3.0 kg)

Source: IndexBox Market Intelligence Platform

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