Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR - 2023
Contents:
- Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR (CIF) - 2022
- Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR (FOB) - 2022
- Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR
- Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR
Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR (CIF) - 2022
The average import price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $273,516 per ton in 2022, rising by 10% against the previous year. In general, the import price, however, recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 when the average import price increased by 37%. Over the period under review, average import prices reached the maximum at $3,536,304 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($276,936 per ton), while the price for Thailand ($84,660 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR (FOB) - 2022
The average export price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $211,375 per ton in 2022, reducing by -23.1% against the previous year. Overall, export price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.4% 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; erythromycin and its derivatives; salts thereoves decreased by -24.9% against 2020 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 88%. The export price peaked at $281,544 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.2% per year.
Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR
In 2022, purchases abroad of antibiotics; erythromycin and its derivatives; salts thereoves increased by 19,802% to 17 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves surged to $4.7M in 2022. Overall, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1,576 | 1,857 | 12.8 | 4,697 | 43.9% |
| Thailand | 22.1 | 22.3 | N/A | 25.4 | 4.7% |
| China | 294 | 28.7 | 8.8 | 13.7 | -64.0% |
| Others | 3.4 | N/A | N/A | N/A | 0% |
| Total | 1,895 | 1,908 | 21.5 | 4,736 | 35.7% |
Top Suppliers of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof to Hong Kong SAR in 2022:
- India (17.0 tons)
- Thailand (0.3 tons)
- China (0.1 tons)
Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR
In 2022, the amount of antibiotics; erythromycin and its derivatives; salts thereoves exported from Hong Kong SAR soared to 12 tons, growing by 146% against the previous year's figure. Over the period under review, exports posted a prominent expansion.
In value terms, exports of antibiotics; erythromycin and its derivatives; salts thereoves surged to $2.5M in 2022. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 164% against the previous year. As a result, the exports reached the peak of $4.2M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.5 | 4.2 | 1.3 | 2.5 | 18.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.6 | 4.2 | 1.3 | 2.5 | 16.0% |
Top Export Markets for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof from Hong Kong SAR in 2022:
- China (11.9 tons)
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This report provides an in-depth analysis of the antibiotic market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global antibiotic market.
384
This report provides an in-depth analysis of the antibiotic market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global antibiotic market.
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In January 2023, the antibiotic price stood at $79,905 per ton (CIF, Hong Kong), with a decrease of -5.9% against the previous month.
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Discover the latest trends in the global antibiotics market and learn about the projected growth expected over the next seven years. By 2030, the market is forecasted to reach 211K tons in volume and $21B in value, driven by increasing demand worldwide.
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Discover the top import markets for antibiotics across the world, including India, Italy, Germany, and the United States. Gain insights into key statistics and market dynamics in these countries. IndexBox Market Intelligence platform provides accurate and up-to-date data for informed decision-making.
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In 2016, the global antibiotic imports stood at X tons, reducing by -X% against the previous year level. Overall, antibiotic imports continue to indicate a temperate setback. The pace of growt...
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In 2016, the global antibiotic imports stood at X tons, reducing by -X% against the previous year level. Overall, antibiotic imports continue to indicate a temperate setback. The pace of growt...
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The global trade in antibiotics amounted to X million USD in 2015, showing some fluctuations over the period under review. A slight decline in 2009 was followed by a peak in 2011, until exports decreased again. Overall
1424
China is one of the largest global producers and consumers of antibiotics. In 2014, China exported X% of its total antibiotics output. Of this amount, X% was supplied to India, where Chinese antibiotics held a X% share of total India's consumption
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Switzerland is one of the leaders in the global antibiotics trade. However, in 2014, Switzerland exported X tons of antibiotics totaling X billion USD, a full X% under the previous year. Its primary trading partner was Germany, where it suppli
403
In January 2023, the antibiotic price stood at $79,905 per ton (CIF, Hong Kong), with a decrease of -5.9% against the previous month.
53
Discover the latest trends in the global antibiotics market and learn about the projected growth expected over the next seven years. By 2030, the market is forecasted to reach 211K tons in volume and $21B in value, driven by increasing demand worldwide.
