Prices for Ketoconazole Continue to Rise Across the Globe

The cost of Ketoconazole is rising in both the Asian and European markets due to rising end-user demand from the pharmaceutical and healthcare sectors. As a result of growing raw material costs for all APIs, including Ketoconazole, the API market is extremely competitive. Consumer confidence is returning to the global market following the improvement in inflationary pressure, which subsequently encourages purchasing sentiments in the relevant regions.

In February 2023, the Ketoconazole market in the Asian region was booming, and prices were rising. Market participants have observed a rising price trend over the past two months despite increased buyer activity and higher-quality arrivals. Operating rates at domestic production facilities have increased as a result of the growth in downstream industry demand. According to the National Bureau of Statistics, China's Purchasing Managers' Index (PMI) increased from 50.1 in January to 52.6 in February 2023, indicating that manufacturing activity peaked. Also, there has been a significant increase in downstream queries and trading operations for Ketoconazole on both domestic and international markets, which has caused a price increase. The additional production is anticipated to positively affect the market sentiments as more international market participants choose to place sizable orders. As a consequence, this increasing trend is likely to persist as Chinese traders anticipate greater client interaction, notably from the pharmaceutical sector.

The market outlook for Ketoconazole in Europe is still positive due to a constrained supply and advancements in downstream industry procurement. The invasion by Russia and Ukraine has increased energy prices, which has finally had an impact on the cost of Ketoconazole. Local shops have also raised their pricing to reflect their profit margins in response to the high import rates that German clients are paying for Ketoconazole imported from China.

Ketoconazole costs may increase over the upcoming months, according to ChemAnalyst, as a result of steady demand from end-user producers and a limited supply among regional retailers.