For the Quarter Ending June 2025
North America
• The Etoricoxib (USP) Price Index in North America experienced a sharp decline during June 2025, as aggressive export offers from Asia and softened regional demand drove Spot Price compression.
• Why did the price change in June 2025?
The price declined significantly due to reduced import costs, high inventory levels, and weak pharmaceutical sector offtake amid rising freight challenges.
• The Etoricoxib Spot Price continued to slide throughout the month as U.S. buyers postponed procurement, waiting for clearer pricing signals amid oversupply.
• The Etoricoxib Price Forecast for Q3 2025 signals sustained bearish pressure unless inventory levels reduce or downstream demand recovers in the pharmaceutical segment.
• The Etoricoxib Production Cost Trend remained favorable for importers, as Asian-origin suppliers offered discounted rates due to excess capacity and subdued global consumption.
• The Etoricoxib Demand Outlook weakened further as buyers limited activity to short-term needs, discouraged by ample stock and high shipping costs that reduced restocking urgency.
• Why did the price change in July 2025? The price decreased further in July 2025, driven by continued oversupply, poor restocking interest, and persistent downward pressure from low-cost Asian exports.
Europe
• The Price Index for Etoricoxib (USP) in Europe continued to slide in June 2025, with CFR Hamburg prices falling to USD 70,895, marking a steep decline of 11.48% month-over-month.
• Why did the price change in June 2025?
Prices dropped sharply due to aggressive Asian export offers, high domestic inventory levels, and subdued restocking activity in Germany's pharmaceutical sector.
• The Etoricoxib Spot Price weakened amid growing competition from low-cost imports and heavy price undercutting by both domestic and international suppliers aiming to clear excess stock.
• The Etoricoxib Price Forecast for July 2025 pointed to continued downside risks, driven by buyer conservatism, soft demand outlook, and ample inventory across the European market.
• The Etoricoxib Production Cost Trend remained low due to favorable import conditions—driven by a depreciating U.S. Dollar against the Euro and easing raw material prices globally.
• The Etoricoxib Demand Outlook was underwhelming, as pharmaceutical and healthcare sectors slowed procurement in response to weak end-user consumption, inventory overhang, and elevated freight costs from Asia.
• Why did the price change in July 2025? Prices decreased further in July 2025 as buyer resistance intensified, inventory liquidation continued, and sluggish downstream demand failed to absorb available stock.
APAC
• The Price Index in APAC exhibited a continued downward trend in July 2025, marking the fourth consecutive monthly decline in Etoricoxib prices across China’s export market.
• Etoricoxib Spot Price for Etoricoxib (USP) FOB Shanghai dropped to USD 70,800 in July, representing a decrease from June levels amid sustained bearish fundamentals.
• The Price Forecast for Q3 2025 indicates an overall weak pricing environment in APAC, with further downside risks expected due to persistent inventory overhang and fragile export demand.
• Etoricoxib Production Cost Trend remained favorable for suppliers, as input prices declined for the fifth month in a row, driven by easing pharmaceutical intermediates and energy costs.
• Etoricoxib Demand Outlook remained muted throughout July in APAC, particularly in China, with limited offtake from global buyers, prolonged destocking in overseas markets, and restrained procurement activity from international pharmaceutical formulators.
• Why did the price change in July 2025 – decrease: Etoricoxib prices in APAC declined due to high inventory levels, aggressive price reductions by exporters, and the continuation of subdued overseas demand, particularly in the US and EU.
• Etoricoxib Export competitiveness weakened further due to currency volatility and elevated freight charges, narrowing margins for Chinese exporters and prompting further price concessions.
• Inventory levels remained elevated across production hubs, with limited signs of improvement in warehouse offload rates, prompting sellers to prioritize liquidity through discount-led strategies.
• Regional cues such as continued softness in South Asia and limited import interest from ASEAN buyers compounded the oversupply scenario in China’s export corridors.
• Etoricoxib Price forecasts for Q3 2025 suggest a stable-to-soft trend, with downward bias likely to persist unless major restocking triggers emerge in Western markets.
For the Quarter Ending March 2025
North America
The U.S. Etoricoxib market showed gradual price increases during Q1 2025, reflecting a balance of supply constraints, stable demand, and rising raw material costs. January 2025 began with a modest price increase of +0.2%, driven by consistent pharmaceutical sector activity and supply conditions that remained relatively unchanged. The increase was supported by stable international demand and systematic inventory management by importers, allowing for a slight price appreciation amidst a generally stable market.
By February, the price trend continued upward, influenced by tighter supply conditions, rising production costs, and a 10% tariff on Chinese imports, which further escalated procurement expenses. Slow supplier deliveries and a decline in inventory levels further tightened the supply environment, intensifying competition among buyers. At the same time, demand for Etoricoxib surged modestly, driven by a recovery in industrial activity and stronger consumer sentiment. This combination of supply constraints and heightened buyer activity supported a moderate price increase throughout February.
In March, prices edged up again, as tight supply conditions and rising raw material costs continued to exert upward pressure on the market. The ongoing trade-related uncertainties, along with the 10% tariff and retaliatory measures from China, compounded the situation, driving up procurement costs. Despite easing logistics costs, the overall market sentiment remained positive, supported by steady demand from pharmaceutical sectors. The market closed Q1 with steady dynamics, reflecting a balanced interplay of demand, supply-side limitations, and pricing pressures.
Overall, the North American Etoricoxib market in Q1 2025 saw a series of moderate price increases, driven by consistent demand patterns, supply chain challenges, and rising raw material costs, with the tariff situation adding an extra layer of complexity to procurement strategies.
Asia Pacific
In Q1 2025, the Etoricoxib (USP) market in China showed moderate price increases, reflecting a stable yet cautiously managed environment. January saw a slight uptick of +0.2%, driven by steady demand from the pharmaceutical sector, which relies heavily on high-quality USP-grade Etoricoxib. The price increase was primarily attributed to regulatory compliance costs, balanced against controlled production output and domestic manufacturers' commitment to fulfilling both local and international orders. The market remained steady, supported by consistent demand for Etoricoxib from pharmaceutical formulators and adherence to stringent quality control protocols.
February experienced further price momentum due to multiple factors. The U.S. implementation of a 10% tariff on Chinese imports prompted bulk purchasing by international buyers, aiming to mitigate trade uncertainties. This, combined with rising raw material costs and increased demand for pharmaceutical excipients, intensified production expenses, exerting upward pressure on prices. A resurgence in China's Purchasing Managers' Index (PMI) further fueled demand from the pharmaceutical sector, driving up prices, despite a decline in freight costs that encouraged stronger export interest.
By March, the market saw a further slight increase in export prices, up 0.30%, as supply conditions tightened. Declining inventories, increased manufacturing activity, and rising input costs all contributed to the price rise. The 10% U.S. tariff and increased procurement activity ahead of potential trade disruptions further tightened supply chains. While China’s PMI indicated robust growth, which supported continued pharmaceutical sector demand, geopolitical uncertainties and higher tariffs continued to exert upward pressure on prices, especially in international markets.
Overall, the Q1 2025 trend in China for Etoricoxib (USP) was marked by gradual price increases driven by stable pharmaceutical demand, regulatory and production factors, and external trade dynamics. Both local and international market players faced pressure from rising costs and proactive procurement strategies, ensuring steady demand and sustained pricing strength throughout the quarter.
Europe
In Q1 2025, the German Etoricoxib market demonstrated modest yet consistent price increases, largely driven by a combination of supply-side constraints and steady demand from the pharmaceutical sector. January saw a slight uptick of 0.12%, as German buyers continued to maintain stable procurement activities despite anticipated disruptions due to the Lunar New Year holiday. This measured approach to purchasing, along with consistent demand from pharmaceutical manufacturers, contributed to incremental price adjustments. Suppliers responded to this steady inquiry flow, keeping production levels aligned with market needs while navigating logistical challenges, particularly in specialized pharmaceutical shipments.
The pricing trend continued in February, with a slight increase attributed to low inventory levels and rising procurement costs. The depreciation of the Euro against the U.S. Dollar and higher Etoricoxib prices from key exporting countries, such as China, further compounded cost pressures for German buyers. However, the strong demand from the pharmaceutical and healthcare sectors, bolstered by a recovery in industrial activity as indicated by Germany’s Manufacturing PMI, kept the price trajectory upwards. Despite some cost relief from lower freight rates, sustained demand from downstream industries continued to push prices higher throughout the month.
By March, the market saw another slight price increase, supported by continued cost pressures from upstream markets. Elevated production costs in China led to higher export prices, directly impacting German import values. Additionally, the German market benefited from a rebound in industrial activity, as reflected in the increase in Germany’s Manufacturing PMI, driving demand for Etoricoxib in pharmaceutical and nutraceutical applications. Despite some logistical relief from lower freight rates, the ongoing volatility of the Euro and strong origin market pricing ensured the persistence of upward pricing momentum throughout the month.
Overall, the first quarter of 2025 in Germany saw a stable and measured price increase in the Etoricoxib market. This trend was influenced by a combination of steady demand from the pharmaceutical sector, supply-side constraints, currency volatility, and geopolitical factors affecting trade flows. As the quarter progressed, these dynamics supported moderate price increases, reflecting the resilience of demand amid cost pressures in both domestic and international markets.
For the Quarter Ending December 2024
North America
During Q4 2024, the Etoricoxib (USP) market in North America demonstrated relative stability before experiencing a slight softening in December. The quarter began with balanced conditions as pharmaceutical manufacturers maintained routine procurement patterns amid adequate supply availability. US buyers operated with comfortable inventory positions while closely monitoring global supply dynamics.
The steady market conditions continued through November as supply chains operated efficiently and material remained readily available from both domestic and international sources. Major market participants maintained stable price positions, supported by consistent demand from pharmaceutical manufacturers and balanced inventory management strategies.
December brought modest downward pressure as year-end activities coincided with some destocking initiatives. Domestic suppliers adjusted offers slightly downward amid competitive market conditions and typical year-end inventory management. While the pharmaceutical sector's consumption patterns remained steady, the combination of adequate availability and strategic positioning by market participants led to some price erosion as the quarter concluded.
APAC
In Q4 2024, Etoricoxib (USP) prices in China maintained remarkable stability throughout the quarter. The market demonstrated steady fundamentals as producers effectively balanced production rates with demand requirements. Operations continued with stable market sentiment, supported by consistent domestic consumption and regular export inquiries.
Chinese manufacturers maintained steady price positions across the quarter, effectively managing production costs while meeting regular order flows. The market witnessed routine trading activity as both domestic and international buyers engaged in regular procurement. Regional trading patterns remained predictable as suppliers maintained disciplined pricing strategies aligned with stable demand fundamentals.
December saw continued price stability as manufacturers focused on maintaining balanced inventory positions. Production facilities reported steady capacity utilization rates amid regular order flows. The combination of well-managed supply conditions, consistent demand patterns, and strategic inventory control by producers helped maintain stable price levels. Export markets remained active with routine inquiries from international buyers supporting the market's stability.
Europe
In Q4 2024, Etoricoxib (USP) prices in Germany showed overall stability before encountering some weakness in December. The quarter began with balanced market fundamentals as buyers operated with adequate availability and steady offers from Asian suppliers. European importers maintained stable price positions through most of the quarter, supported by regular order flows and controlled procurement rates.
The steady market conditions continued through November as pharmaceutical sector demand remained consistent. Buyers engaged in routine procurement activities amid comfortable supply conditions and stable production costs. The market witnessed regular trading patterns as distributors maintained typical inventory levels.
December's market dynamics shifted slightly with modest price pressure as European distributors adjusted year-end positions. The combination of adequate supply availability and typical seasonal patterns led to some downward adjustment in prices. While consumption patterns remained steady across pharmaceutical applications, the market experienced slight softening through quarter-end, though the decline remained moderate and controlled.
FAQ’s
1. Why did Etoricoxib (USP) prices decline in Germany in July 2025?
Etoricoxib prices in Germany continued their downward trajectory in July due to persistent inventory overhang, subdued demand from the pharmaceutical sector, and cost-effective import offers from Asia. Although freight rates remained high, the Euro’s strength against the U.S. Dollar and limited procurement activity kept the market bearish, contributing to the spot price drop to USD 70,895 CFR Hamburg.
2. What caused the price decline in the U.S. market for Etoricoxib in July 2025?
In the U.S., Etoricoxib prices fell due to weak pharmaceutical restocking, high domestic inventory, and increasing offshore competition, particularly from Asia. Despite the rise in logistic costs, the influx of competitively priced imports and cautious demand from healthcare manufacturers drove down prices in the North American market.
3. Why are Etoricoxib (USP) export prices falling in China despite rising freight costs?
Etoricoxib FOB Shanghai prices declined to USD 70,800 in July due to significant oversupply, sluggish overseas demand (especially from Europe and North America), and aggressive price reductions by Chinese exporters. Even with elevated freight rates, exporters continued to undercut prices to clear excess stock and maintain cash flow.
4. Are Etoricoxib prices expected to stabilize in any region in August 2025?
Stabilization is possible but not guaranteed. In Europe, weak demand and high inventories suggest prices may remain soft. In North America, any restocking ahead of Q4 may lend temporary support. In APAC, particularly China, prices may stabilize only if exports recover significantly or production is scaled back.
5. How does currency movement affect Etoricoxib import prices in Europe and the U.S.?
Currency fluctuations played a significant role in July. The Euro’s appreciation against the U.S. Dollar helped European buyers offset some freight cost increases, lowering landed import prices. In contrast, the U.S. Dollar’s relative strength made Asian imports more expensive for U.S. buyers, but this was outweighed by the steep discounts from Chinese exporters.
