Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Sri Lanka - 2022

Contents:

  1. Price for Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Sri Lanka (CIF) - 2022
  2. Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Sri Lanka

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

In 2022, the average import price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $105,892 per ton, jumping by 21% against the previous year. Over the period under review, the import price recorded prominent growth. The pace of growth appeared the most rapid in 2017 an increase of 88% against the previous year. The import price peaked at $172,760 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($128,708 per ton), while the price for India ($18,778 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Imports of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Sri Lanka

In 2022, purchases abroad of antibiotics; erythromycin and its derivatives; salts thereoves decreased by -83.1% to 222 kg, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2020 with an increase of 35% against the previous year. As a result, imports reached the peak of 9.3 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves reduced markedly to $24K in 2022. Over the period under review, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 with an increase of 12%. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in Sri Lanka (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,0621,22694.119.8-73.5%
Malaysia12711011.03.2-70.7%
India1.0N/A9.40.5-20.6%
Others2.32.00.4N/A-58.3%
Total1,1921,33811523.5-73.0%

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

  1. China (154.0 kg)
  2. Malaysia (39.0 kg)
  3. India (27.0 kg)

Source: IndexBox Market Intelligence Platform

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