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

Contents:

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

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

In 2022, the average import price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $28,619 per ton, rising by 15% against the previous year. Overall, the import price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 58% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($31,017 per ton), while the price for China stood at $25,992 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%).

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

In 2022, the average export price for antibiotics; tetracyclines and their derivatives; salts thereoves amounted to $126,845 per ton, increasing by 134% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 216% against the previous year. As a result, the export price reached the peak level of $131,921 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($88,690 per ton), while the average price for exports to Indonesia totaled $37,231 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of antibiotics; tetracyclines and their derivatives; salts thereoves decreased by -32.6% to 22 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 69% against the previous year. As a result, imports reached the peak of 39 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of antibiotics; tetracyclines and their derivatives; salts thereoves contracted rapidly to $635K in 2022. Overall, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 82%.

Import of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China25556373848123.6%
MalaysiaN/AN/A13.0104700.0%
Others84.352.969.650.2-15.9%
Total33961582063523.3%

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

  1. China (18.5 tons)
  2. Malaysia (3.3 tons)

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

In 2022, approx. 3.4 tons of antibiotics; tetracyclines and their derivatives; salts thereoves were exported from Singapore; waning by -67.1% against the previous year's figure. In general, exports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 119%. As a result, the exports attained the peak of 10 tons, and then dropped rapidly in the following year.

In value terms, exports of antibiotics; tetracyclines and their derivatives; salts thereoves fell sharply to $435K in 2022. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 107%.

Export of Antibiotics; Tetracyclines and Their Derivatives; Salts Thereof in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia11126025524530.2%
Indonesia36.43.598.717.3-22.0%
United States3.641.75.17.326.6%
Vietnam2.593.92.71.5-15.7%
Others11215020316413.6%
Total26554956543518.0%

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

  1. Malaysia (2757.0 kg)
  2. Indonesia (464.0 kg)
  3. United States (38.0 kg)
  4. Vietnam (16.0 kg)

Source: IndexBox Market Intelligence Platform

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