Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan - 2023

Contents:

  1. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan (CIF) - 2023
  2. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan (FOB) - 2022
  3. Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan
  4. Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan (CIF) - 2023

In July 2023, the average import price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $250K per ton, picking up by 57% against the previous month. Overall, the import price posted a buoyant expansion. The pace of growth appeared the most rapid in February 2023 an increase of 365% m-o-m. As a result, import price attained the peak level of $586K per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was China ($287K per ton), while the price for Spain stood at $143K per ton.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced a decline.

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan (FOB) - 2022

The average export price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $123,179 per ton in 2022, dropping by -20.4% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17% against the previous year. The export price peaked at $206,048 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($231,917 per ton), while the average price for exports to Peru ($1,000 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 Singapore (+44.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan

For the third consecutive year, Japan recorded decline in supplies from abroad of antibiotics; erythromycin and its derivatives; salts thereoves, which decreased by -4.9% to 168 tons in 2022. Overall, imports recorded a abrupt shrinkage. The smallest decline of -1.4% was in 2020.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves contracted modestly to $34M in 2022. Over the period under review, imports continue to indicate a abrupt downturn.

Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.510.25.36.60.5%
United States7.87.25.75.2-12.6%
India6.73.73.73.9-16.5%
South Korea5.95.43.42.6-23.9%
Singapore4.23.62.62.3-18.2%
Spain1.61.51.31.60.0%
Hong Kong SAR2.62.31.71.5-16.8%
Bulgaria0.20.50.40.314.5%
Others12.311.69.79.8-7.3%
Total47.846.033.833.7-11.0%

Top Suppliers of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof to Japan in 2022:

  1. China (71.4 tons)
  2. India (33.9 tons)
  3. Spain (19.6 tons)
  4. Hong Kong SAR (18.7 tons)
  5. South Korea (11.9 tons)
  6. Singapore (2.7 tons)
  7. United States (2.7 tons)
  8. Bulgaria (2.0 tons)

Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan

In 2022, shipments abroad of antibiotics; erythromycin and its derivatives; salts thereoves decreased by -94.1% to 28 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a perceptible reduction.

In value terms, exports of antibiotics; erythromycin and its derivatives; salts thereoves shrank significantly to $3.4K in 2022. Over the period under review, exports, however, enjoyed a resilient expansion.

Export of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Japan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SingaporeN/AN/A58.72.8-95.2%
VietnamN/AN/A1.20.1-91.7%
China0.3N/A2.00.1-30.7%
South Korea0.5N/A3.10.1-41.5%
Spain0.4N/A3.00.1-37.0%
Bulgaria0.3N/A1.40.1-30.7%
BelgiumN/AN/AN/AN/A0%
PeruN/AN/AN/AN/A0%
GermanyN/AN/AN/AN/A0%
FranceN/AN/AN/AN/A0%
IndiaN/AN/A0.1N/A0%
UkraineN/AN/AN/AN/A0%
CanadaN/AN/AN/AN/A0%
Others1.3N/A3.40.2-46.4%
Total2.9N/A72.93.45.4%

Top Export Markets for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof from Japan in 2022:

  1. Singapore (12.0 kg)
  2. Spain (3.0 kg)
  3. Canada (1.0 kg)
  4. Ukraine (1.0 kg)
  5. India (1.0 kg)
  6. France (1.0 kg)
  7. Vietnam (1.0 kg)
  8. Germany (1.0 kg)
  9. Peru (1.0 kg)
  10. Belgium (1.0 kg)
  11. China (1.0 kg)
  12. South Korea (1.0 kg)
  13. Bulgaria (1.0 kg)

Source: IndexBox Market Intelligence Platform

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