Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Turkey - 2024

Contents:

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

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Turkey (CIF) - 2024

The average import price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $204K per ton in September 2023, picking up by 4.3% against the previous month. In general, the import price, however, saw a perceptible setback. Over the period under review, average import prices hit record highs at $245K per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was India ($302K per ton), while the price for China stood at $203K per ton.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by India (+3.0%).

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

In 2022, the average export price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $206,277 per ton, shrinking by -81.2% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 1,234% against the previous year. As a result, the export price reached the peak level of $1,097,111 per ton, and then shrank significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($238,500 per ton), while the average price for exports to Iraq ($114,000 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 Iraq (+19.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, overseas purchases of antibiotics; erythromycin and its derivatives; salts thereoves were finally on the rise to reach 36 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep downturn.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves soared to $7M in 2022. Overall, imports, however, faced a abrupt descent.

Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Turkey (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China9.66.51.94.4-22.9%
India1.50.90.52.111.9%
GermanyN/A0.6N/AN/A0%
Others0.30.40.50.518.6%
Total11.58.42.97.0-15.3%

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

  1. China (23.4 tons)
  2. India (11.3 tons)

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

In 2022, approx. 1 tons of antibiotics; erythromycin and its derivatives; salts thereoves were exported from Turkey; jumping by 185% compared with 2021 figures. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of antibiotics; erythromycin and its derivatives; salts thereoves fell significantly to $207K in 2022. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 1,242%. As a result, the exports reached the peak of $386K, and then shrank markedly in the following year.

Export of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Turkey (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
UzbekistanN/A33.3200500.6%
India18.6N/A6.2-42.3%
Iraq10.2N/A0.2-86.0%
NetherlandsN/A353N/A0%
OthersN/AN/A0.50%
Total28.8386207168.1%

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

  1. Uzbekistan (970.0 kg)
  2. India (26.0 kg)
  3. Iraq (2.0 kg)

Source: IndexBox Market Intelligence Platform

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