Price for Antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereof in Turkey - 2024

Contents:

1. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Turkey (CIF) - 2024
2. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Turkey (FOB) - 2022
3. Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Turkey
4. Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Turkey

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in Turkey (CIF) - 2024

In September 2023, the average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $34,148 per ton, reducing by -13.1% against the previous month. Overall, the import price showed a noticeable setback. The most prominent rate of growth was recorded in August 2023 an increase of 8.2% month-to-month. Over the period under review, average import prices hit record highs at $41,297 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was India ($64,300 per ton), while the price for China ($33,584 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Singapore (+1.2%), 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 Turkey (FOB) - 2022

In 2022, the average export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $235,621 per ton, growing by 153% against the previous year. Over the period under review, the export price continues to indicate a strong increase. Over the period under review, the average export prices attained the peak figure at $298,074 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($301,607 per ton), while the average price for exports to Syrian Arab Republic ($30,372 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 Syrian Arab Republic (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves imported into Turkey soared to 1.1K tons, rising by 53% compared with 2021 figures. The total import volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 skyrocketed to $38M in 2022. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (715.6 tons)
2. Spain (172.1 tons)
3. Singapore (97.0 tons)
4. India (59.2 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves, when their volume decreased by -7.9% to 24 tons. In general, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 374%. As a result, the exports reached the peak of 26 tons, and then dropped in the following year.

In value terms, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves skyrocketed to $5.7M in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Belgium (9.3 tons)
2. Japan (5.2 tons)
3. Hong Kong SAR (2.3 tons)
4. Lebanon (1.8 tons)
5. Syrian Arab Republic (1.8 tons)
6. China (1.5 tons)
7. Slovakia (1.4 tons)

Source: IndexBox Market Intelligence Platform