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Global Azithromycin Prices Expected to Decline in December Amidst Diminishing Demand
Global Azithromycin Prices Expected to Decline in December Amidst Diminishing Demand

Global Azithromycin Prices Expected to Decline in December Amidst Diminishing Demand

  • 13-Dec-2023 3:41 PM
  • Journalist: Peter Schmidt

The global market is projected to witness a decrease in Azithromycin prices, influenced by diminishing demand from the healthcare and pharmaceutical sectors, coupled with ample supply. Azithromycin, a macrolide antibiotic, is widely utilized in the treatment of bacterial infections, including pneumonia, gastric issues, and ear infections. The presence of viable alternatives like Amoxicillin for specific bacterial infections may decrease the dependency on Azithromycin, potentially influencing its pricing.

In China, Azithromycin prices are expected to undergo a downward trajectory in December, primarily driven by insufficient demand both domestically and internationally. Recent official data reveals a slowdown in the manufacturing sector, with a notable drop in export sales, particularly to the USA and European markets, attributed to increased interest rates. The surplus in the Chinese market, stemming from a lack of substantial orders and intense market competition, likely prompt industry players to offer Azithromycin at reduced prices. Additionally, recent data highlights a global reduction in crude oil prices, fuelled by increased supply from non-OPEC countries and decreased tensions in the Middle East. This, consequently, could lead to reduced shipping and production expenses, further contributing to the decline in Azithromycin prices.

Moreover, as China enters its first winter without stringent COVID-19 restrictions since the onset of the pandemic three years ago, a surge in respiratory illnesses is sweeping through the nation. China's National Health Commission recently documented an increase in cases of respiratory illnesses and clusters of pneumonia. Azithromycin remains one of the most widely used antibiotics in China and is the default treatment for mycoplasma pneumoniae. Due to the excessive use of antibiotics, there are indications of resistance to Azithromycin. However, compared to other macrolides, this resistance against Azithromycin is still lower, making it more palatable for consumption.  Furthermore, since China is a major exporter of Active Pharmaceutical Ingredients (APIs) to the USA and Germany, a similar trend for Azithromycin is likely to be observed in both the US and German markets.

In the United States and Germany, it is probable that central banks will uphold higher interest rates in December, potentially restraining consumer spending and maintaining subdued overall demand. Additionally, as the summer season concludes, the occurrence of respiratory illnesses such as bronchitis and pneumonia, for which Azithromycin is frequently prescribed, is anticipated to diminish. This could result in reduced demand and a decline in the price of Azithromycin.

According to the analysis by ChemAnalyst, Azithromycin prices are anticipated to rise at the beginning of the new year 2024, propelled by growing demand from end-user healthcare and pharmaceutical sectors. The anticipation is that the limited availability of alternative antibiotics may contribute to the resurgence in demand, subsequently leading to an upturn in Azithromycin prices.

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