Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Venezuela - 2022

Contents:

  1. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Venezuela (CIF) - 2022
  2. Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Venezuela

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Venezuela (CIF) - 2022

The average import price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $211,773 per ton in 2022, with an increase of 35% against the previous year. Overall, the import price showed a buoyant increase. The growth pace was the most rapid in 2017 an increase of 187%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($1,186,429 per ton), while the price for the United States ($20,021 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+9.2%), while the prices for the other major suppliers experienced mixed trend patterns.

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

After three years of growth, purchases abroad of antibiotics; erythromycin and its derivatives; salts thereoves decreased by 0% to 300 kg in 2022. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 14%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves surged to $64K in 2022. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China5.312.022.037.792.3%
Spain25.122.024.224.9-0.3%
United States1.00.90.90.9-3.5%
Costa Rica5.3N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total36.734.847.263.520.1%

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

  1. China (232.0 kg)
  2. United States (47.0 kg)
  3. Spain (21.0 kg)

Source: IndexBox Market Intelligence Platform

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