Doxycycline HCL Prices Soar Globally in June 2023 Amid Supply Constraints and Rising Demand
Doxycycline HCL Prices Soar Globally in June 2023 Amid Supply Constraints and Rising Demand

Doxycycline HCL Prices Soar Globally in June 2023 Amid Supply Constraints and Rising Demand

  • 07-Jul-2023 2:29 PM
  • Journalist: Motoki Sasaki

The prices of Doxycycline HCL increased globally in June 2023 compared to the previous month. The factors supporting this upward trend include limited supply and increased demand from the healthcare and pharmaceutical sectors. 

China is the main Active Pharmaceutical Ingredients (APIs) producer and exporter in the foreign market. China's Purchasing Manager Index (PMI) dropped to 50.5 in June from 50.9 in May, indicating production reduced from the previous month, contributing to slowing down the economy. The production of Doxycycline HCL slowed down due to the maintenance of the plant, resulting in decreased inventories in the market. This led to insufficient stock of Doxycycline HCL to meet consumer demand. As the demand is high from end consumers, these factors increased Doxycycline HCL prices in China.

In the US market, Doxycycline HCl prices also significantly increased due to increased prices in China because the US imports most of the APIs from China. The buyers are ready to purchase APIs at high prices to meet the demand of the downstream sector. This also put upward pressure on Doxycycline HCL prices. Apart from this, reduced inflation and energy prices kept the consumers' confidence high leading to the high demand for Doxycycline HCl in the market. Apart from this, there has been a trade war between China and the US for two years. The US imposes tariffs on billions of dollars worth of goods imported from China, supporting increased prices of APIs, including Doxycycline HCl, for end consumers in the US market.

A similar price trend of Doxycycline HCL is also noticed in the German and Indian markets. The traders of both nations experienced similar market sentiments because of the deficiency of inventories and high demand from downstream healthcare and pharmaceutical industries. The presence of this huge demand-supply gap in the domestic and foreign markets has increased the overall price demand for Doxycycline HCl.

As per the ChemAnalyst analysis, the prices of Doxycycline HCl are expected to decrease next month due to increased production balanced with constant demand from end sectors. Also, the trading activity might improve, leading to more supply in the market, further supporting the downward trend of Doxycycline HCl. However, there are chances that the prices might increase again slightly after July due to consistently high demand from consumers and the maintenance of the plant in August, which would decrease the factory activity leading to less production and limited supply in domestic and foreign markets.

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