Is Recovering Demand Raise Global Lisinopril Prices For a Long Term?
Is Recovering Demand Raise Global Lisinopril Prices For a Long Term?

Is Recovering Demand Raise Global Lisinopril Prices For a Long Term?

  • 25-Jan-2023 6:15 PM
  • Journalist: Shiba Teramoto

In 2022, the Lisinopril market sentiment was negative across the globe, but it started to improve in January 2023. However, the prices of Global Lisinopril follow an upward trajectory on the back of increasing end-user industry demand and fresh stock in their regional market. Also, trading activities have improved after the year-end holidays as logistics issues eased.

The findings revealed that China's economy had a severe downturn in 2022. In accordance with China's National Bureau of Statistics, the manufacturing Purchasing Managers' Index (PMI) plummeted at its fastest rate to 47 in December from 48 in November 2022 due to surging Covid-19 cases. As a consequence, supply shrank, and inventories remained low in the Chinese domestic market. However, Lisinopril manufacturers experienced low profitability as the overall demand from the end-user sector remained poor in the domestic and international markets. With the arrival of 2023, market sentiments have improved just after China government decided to scrap all of its Covid-19 restrictions in the country and reopen its borders. The manufacturing sectors have shown positive movement as fresh stocks are produced in bulk before the Lunar New Year Holiday in response to the improving demand. Therefore, prices of Lisinopril in the Chinese domestic market have increased upto 1.6% during January.

Lisinopril's price was considerably lower in December 2022 than in an earlier month, as Consumer Pricing Index (CPI) indicated a dip in December, falling from 10% to 8.6%, as per EU-national standards. At the beginning of January, the price of Lisinopril began to increase and has continued to rise till the month's end due to rapid recovery in demand from the pharmaceutical and healthcare industries. Additionally, the decrease in stocks and the increased consumption rates in the European market have strengthened the Lisinopril market. Moreover, expensive imports quotation from the Asia-Pacific region forced German traders to increase their prices in the domestic market to maintain their profit margins.

ChemAnalyst predicts that the price of Lisinopril will continue to climb globally in the upcoming month due to the ongoing expectation of rising demand from the downstream industries.

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