Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore - 2023

Contents:

  1. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore (FOB) - 2023
  2. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore (CIF) - 2023
  3. Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore
  4. Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore (FOB) - 2023

The average export price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $456K per ton in September 2022, remaining stable against the previous month. Over the period from June 2022 to September 2022, it increased at an average monthly rate of +5.8%. The most prominent rate of growth was recorded in August 2022 an increase of 26% m-o-m. As a result, the export price attained the peak level of $460K per ton, and then declined modestly in the following month.

As there is only one major export destination, the average price level is determined by prices for Argentina.

From June 2022 to September 2022, the rate of growth in terms of prices for Malaysia amounted to +498.5% per month.

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore (CIF) - 2023

In September 2022, the average import price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $231K per ton, reducing by -98.1% against the previous month. Over the period under review, the import price recorded a abrupt setback. Over the period under review, average import prices hit record highs at $12.4M per ton in August 2022, and then dropped sharply in the following month.

As there is only one major supplying country, the average price level is determined by prices for India.

From June 2022 to September 2022, the rate of growth in terms of prices for India amounted to -10.9% per month.

Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore

In 2022, overseas shipments of antibiotics; erythromycin and its derivatives; salts thereoves were finally on the rise to reach 8.3 tons after two years of decline. Overall, exports, however, recorded a deep reduction.

In value terms, exports of antibiotics; erythromycin and its derivatives; salts thereoves skyrocketed to $1.9M in 2022. Over the period under review, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina306400N/A1,07752.1%
CyprusN/A94.724223858.5%
Cambodia15327.593.01744.4%
Germany9.70.2164158153.5%
Malaysia15510313032.2-40.8%
India62015095.131.4-63.0%
Philippines86.213.616.213.3-46.4%
Others1234661601424.9%
Total1,4531,2559001,8668.7%

Top Export Markets for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof from Singapore in 2022:

  1. Argentina (3.3 tons)
  2. Cyprus (1.9 tons)
  3. Cambodia (1.6 tons)
  4. Germany (0.7 tons)
  5. Malaysia (0.2 tons)
  6. Philippines (0.1 tons)
  7. India (0.1 tons)

Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore

Imports of antibiotics; erythromycin and its derivatives; salts thereoves into Singapore declined significantly to 7.2 tons in 2022, which is down by -80.1% against the previous year. Over the period under review, imports recorded a sharp slump. The pace of growth was the most pronounced in 2021 with an increase of 95%.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves declined sharply to $1M in 2022. In general, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 149% against the previous year.

Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Singapore (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India9.23.44.80.7-57.6%
MalaysiaN/A0.10.30.373.2%
JapanN/AN/A3.6N/A0%
China0.8N/AN/AN/A0%
United StatesN/AN/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total10.03.58.81.0-53.6%

Top Suppliers of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof to Singapore in 2022:

  1. India (4.1 tons)
  2. Malaysia (2.5 tons)
  3. United States (0.3 tons)
  4. China (0.3 tons)

Source: IndexBox Market Intelligence Platform

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