Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Saudi Arabia - 2022

Contents:

  1. Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Saudi Arabia (CIF) - 2022
  2. Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Saudi Arabia

Price for Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Saudi Arabia (CIF) - 2022

The average import price for antibiotics; tetracyclines and their derivatives; salts thereoves stood at $94,199 per ton in 2021, picking up by 105% against the previous year. Over the period under review, the import price recorded prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($2,573,103 per ton), while the price for China ($43,467 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Saudi Arabia

In 2021, overseas purchases of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -71.1% to 55 tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of 183% against the previous year. As a result, imports attained the peak of 190 tons, and then declined markedly in the following year.

In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves reduced remarkably to $5.2M in 2021. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2020 with an increase of 116% against the previous year. As a result, imports reached the peak of $8.7M, and then declined rapidly in the following year.

Import of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Saudi Arabia (Million USD)
COUNTRY201920202021CAGR,
2019-2021
Japan1.34.22.641.4%
China2.13.82.0-2.4%
India0.40.40.511.8%
Others0.20.3N/A50.0%
Total4.08.75.214.0%

Top Suppliers of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof to Saudi Arabia in 2022:

  1. China (46.3 tons)
  2. India (7.7 tons)
  3. Japan (1.0 tons)

Source: IndexBox Market Intelligence Platform

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