Price for Antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereof in the United Kingdom - 2023

Contents:

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

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

In August 2023, the average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $43,388 per ton, reducing by -1.5% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average import price increased by 13% month-to-month. As a result, import price reached the peak level of $50,002 per ton. From February 2023 to August 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2023, the countries with the highest prices were Austria ($45,016 per ton) and Ireland ($42,904 per ton), while the price for India ($40,585 per ton) and China ($41,834 per ton) were amongst the lowest.

From December 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Mexico (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $58,681 per ton, with an increase of 2.6% against the previous year. In general, the export price, however, saw a pronounced downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 75%. The export price peaked at $161,789 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($73,032 per ton), while the average price for exports to the Netherlands ($36,686 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 (+15.6%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, purchases abroad of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves was finally on the rise to reach 2.2K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves surged to $100M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Singapore60.865.636.372.56.0%
Ireland3.22.65.34.612.9%
Austria4.55.11.44.50.0%
SpainN/AN/AN/A3.50%
Netherlands1.52.93.43.228.7%
Italy3.04.55.82.6-4.7%
India0.10.10.22.2180.2%
China3.61.71.21.6-23.7%
Mexico0.31.01.41.049.4%
Others0.73.33.24.078.8%
Total77.786.558.399.78.7%

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

  1. Singapore (1557.7 tons)
  2. Netherlands (107.9 tons)
  3. Spain (85.8 tons)
  4. Austria (82.8 tons)
  5. Italy (74.8 tons)
  6. Ireland (67.8 tons)
  7. India (49.2 tons)
  8. China (43.4 tons)
  9. Mexico (40.4 tons)

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

In 2022, after three years of growth, there was significant decline in overseas shipments of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves, when their volume decreased by -12.8% to 256 tons. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 124%. As a result, the exports reached the peak of 294 tons, and then reduced in the following year.

In value terms, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves fell to $15M in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 when exports increased by 94% against the previous year. As a result, the exports attained the peak of $17M, and then fell in the following year.

Export of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the UK (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2.71.26.34.518.6%
NetherlandsN/AN/AN/A0.40%
Italy1.21.43.30.3-37.0%
Ireland4.54.76.7N/A22.0%
CanadaN/A0.4N/AN/A0%
Others1.10.90.59.8107.3%
Total9.68.716.815.016.0%

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

  1. France (100.6 tons)
  2. Netherlands (10.6 tons)
  3. Italy (5.2 tons)
  4. Ireland (0.4 tons)

Source: IndexBox Market Intelligence Platform

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