Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana - 2023

Contents:

  1. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana (CIF) - 2023
  2. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana (FOB) - 2022
  3. Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana
  4. Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana (CIF) - 2023

In December 2023, the average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $41,870 per ton, picking up by 17% against the previous month. In general, the import price, however, recorded a slight downturn. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 22% month-to-month. The import price peaked at $48,589 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In December 2023, the country with the highest price was India ($43,961 per ton), while the price for China amounted to $40,655 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by India (+22.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana (FOB) - 2022

In 2022, the average export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $47,936 per ton, picking up by 13% against the previous year. Over the period under review, the export price enjoyed a tangible increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($72,573 per ton), while the average price for exports to Germany ($1,560 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 France (-57.2%).

Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana

In 2022, overseas purchases of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves were finally on the rise to reach 355 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a drastic downturn.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves rose sharply to $8.7M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline.

Import of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.41.93.14.3-16.6%
India2.46.13.02.40.0%
Slovakia0.80.50.91.111.2%
Germany1.10.90.80.7-14.0%
Others0.30.20.10.1-30.7%
Total12.09.57.98.7-10.2%

Top Suppliers of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof to Ghana in 2022:

  1. China (188.3 tons)
  2. India (86.2 tons)
  3. Slovakia (47.4 tons)
  4. Germany (29.6 tons)

Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana

In 2022, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves from Ghana declined markedly to 1.9 tons, which is down by -33.4% against the previous year's figure. In general, exports faced a dramatic contraction.

In value terms, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves reduced remarkably to $89K in 2022. Overall, exports, however, continue to indicate a significant expansion.

Export of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Ghana (Thousand USD)
COUNTRY20212022CAGR,
2021-2022
IrelandN/A81.30%
SwitzerlandN/A6.50%
France0.11.21100.0%
BelgiumN/A0.40%
GermanyN/A0.10%
India119N/A0%
OthersN/AN/A0%
Total11989.5-24.8%

Top Export Markets for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof from Ghana in 2022:

  1. Ireland (1120.0 kg)
  2. Switzerland (448.0 kg)
  3. France (149.0 kg)
  4. Belgium (75.0 kg)
  5. Germany (75.0 kg)

Source: IndexBox Market Intelligence Platform

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