Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea - 2022

Contents:

1. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea (CIF) - 2022
2. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea (FOB) - 2022
3. Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea
4. Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea (CIF) - 2022

The average import price for antibiotics; erythromycin and its derivatives; salts thereoves stood at $292K per ton in December 2022, surging by 152% against the previous month. Over the period under review, import price indicated prominent growth from December 2021 to December 2022: its price increased at an average monthly rate of +5.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for antibiotics; erythromycin and its derivatives; salts thereoves increased by +151.5% against November 2022 indices. As a result, import price reached 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 December 2022, the country with the highest price was China ($291K per ton), while the price for India totaled $21,569 per ton.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+4.5%).

Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea (FOB) - 2022

In 2022, the average export price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $414,593 per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 10%. As a result, the export price attained the peak level of $444,474 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -1.4% per year.

Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea

In 2022, after two years of decline, there was significant growth in overseas purchases of antibiotics; erythromycin and its derivatives; salts thereoves, when their volume increased by 20% to 79 tons. In general, imports, however, continue to indicate a abrupt decrease.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves skyrocketed to $15M in 2022. Overall, imports, however, saw a deep contraction.

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

1. China (64.8 tons)
2. India (12.8 tons)

Exports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in South Korea

In 2022, approx. 13 tons of antibiotics; erythromycin and its derivatives; salts thereoves were exported from South Korea; declining by -40.4% on the previous year. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 when exports increased by 48%.

In value terms, exports of antibiotics; erythromycin and its derivatives; salts thereoves plummeted to $5.3M in 2022. Over the period under review, exports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year.

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

1. Japan (12.8 tons)

Source: IndexBox Market Intelligence Platform