Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Saudi Arabia - 2022

Contents:

  1. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Saudi Arabia (CIF) - 2022
  2. Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Saudi Arabia

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

The average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves stood at $37,432 per ton in 2022, growing by 2.3% against the previous year. In general, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2020 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum at $50,046 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Singapore ($40,369 per ton), while the price for Spain stood at $26,815 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.2%), while the prices for the other major suppliers experienced a decline.

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

In 2022, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves into Saudi Arabia skyrocketed to 250 tons, with an increase of 53% on the year before. Over the period under review, imports continue to indicate a perceptible expansion. The pace of growth was the most pronounced in 2020 when imports increased by 54% against the previous year. As a result, imports attained the peak of 336 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves skyrocketed to $9.4M in 2022. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 89% against the previous year. As a result, imports reached the peak of $13M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Saudi Arabia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain4.34.02.54.2-0.8%
Singapore1.74.52.23.324.7%
ItalyN/A1.10.4N/A-63.6%
Others0.83.10.91.933.4%
Total6.712.76.09.411.9%

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

  1. Spain (157.3 tons)
  2. Singapore (81.2 tons)

Source: IndexBox Market Intelligence Platform

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