Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore - 2023

Contents:

  1. Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore (CIF) - 2022
  2. Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore (FOB) - 2022
  3. Imports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore
  4. Exports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore

Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore (CIF) - 2022

The average import price for antibiotics; streptomycins and their derivatives; salts thereoves stood at $1,203,457 per ton in 2022, increasing by 15% against the previous year. In general, the import price showed significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 526% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 France ($2,279,148 per ton), while the price for the United States ($141,846 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+47.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore (FOB) - 2022

The average export price for antibiotics; streptomycins and their derivatives; salts thereoves stood at $101,897 per ton in 2022, reducing by -37.8% against the previous year. Overall, the export price, however, continues to indicate prominent growth. The pace of growth appeared the most rapid in 2018 an increase of 326% against the previous year. Over the period under review, the average export prices hit record highs at $163,722 per ton in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($416,286 per ton), while the average price for exports to Hong Kong SAR ($57,167 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 Cambodia (+36.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore

In 2022, purchases abroad of antibiotics; streptomycins and their derivatives; salts thereoves was finally on the rise to reach 70 kg after two years of decline. Over the period under review, imports, however, faced a dramatic descent.

In value terms, imports of antibiotics; streptomycins and their derivatives; salts thereoves surged to $84K in 2022. Overall, imports, however, saw a abrupt setback.

Import of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France61.049.924.261.50.3%
Japan6.550.728.814.330.1%
China58.96.28.43.9-59.5%
United States5.03.00.53.7-9.5%
Others5.35.87.10.8-46.8%
Total13711568.984.2-15.0%

Top Suppliers of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof to Singapore in 2022:

  1. France (27.0 kg)
  2. United States (26.0 kg)
  3. Japan (10.0 kg)
  4. China (3.0 kg)

Exports of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore

For the third consecutive year, Singapore recorded decline in overseas shipments of antibiotics; streptomycins and their derivatives; salts thereoves, which decreased by -19.1% to 271 kg in 2022. Over the period under review, exports faced a precipitous descent.

In value terms, exports of antibiotics; streptomycins and their derivatives; salts thereoves plummeted to $28K in 2022. Overall, exports recorded a precipitous curtailment. The smallest decline of -34.4% was in 2020.

Export of Antibiotics; Streptomycins and Their Derivatives; Salts Thereof in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India66.477.324.011.2-44.7%
Thailand25.83.28.29.1-29.3%
Vietnam2.30.61.82.98.0%
Indonesia51.61.58.31.5-69.3%
Hong Kong SAR5.80.20.90.3-62.7%
United StatesN/A5.3N/AN/A0%
Others10.918.811.72.5-38.8%
Total16310754.827.6-44.7%

Top Export Markets for Antibiotics; Streptomycins and Their Derivatives; Salts Thereof from Singapore in 2022:

  1. India (172.0 kg)
  2. Thailand (69.0 kg)
  3. Indonesia (8.0 kg)
  4. Vietnam (7.0 kg)
  5. Hong Kong SAR (6.0 kg)

Source: IndexBox Market Intelligence Platform

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