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Omeprazole Price Trend and Forecast

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Market Overview

For the Quarter Ending September 2022

North America

Due to growing demand from the North American end-user pharmaceutical industry, CFR Houston prices in the US market for Omeprazole API soared from USD 155900/MT in July to USD 160000/MT in August. Omeprazole API is mainly imported as an essential ingredient for finished drugs from China; however, zero-covid regulation severely limited its distribution to an overseas countries. Along with this, some Chinese industrial facilities were undergone maintenance because of the heat wave and a power deficit, which impacted trading activities. However, prices dropped in September and settled at USD 152000/MT as retailers in the country had enough inventory to meet all downstream demand due to a resume in trade and purchasing activities by the end of the quarter.

Asia Pacific

In the APAC region, the Omeprazole API price trend dipped in the first half of the third quarter of 2022. The FOB Shanghai prices for the product in China first fell to USD 138400 per MT in August before rebounding to USD 140100 per MT in September. The pharmaceutical sector's sluggish demand significantly impacted the price chart for this product during H1 of Q3. Significant suppliers, however, put off placing sizable orders because of unanticipated occurrences like the country's terrible weather and power outages. When the markets resumed after the suspension, certain production facilities undertook maintenance, which also had a negative effect. Later, in the second half, demand from the pharmaceutical business increased amidst limited stocks among domestic merchants.

Europe

The third quarter of 2022 in Europe commenced with an increase in CFR Le Havre negotiations for Omeprazole API in France. Europe's already difficult economic condition was made even more complicated by the unrest in Russia and Ukraine and by the lockdown and port restrictions in China (a major supplier). The prices were evaluated at USD 170000 per MT in August before falling to USD 162000 per MT in September. However, offtakes from the end-user pharmaceutical industry were weak at the start of the second half of the quarter and worsened in the latter weeks of September because of excessive inventories in the German domestic market.

For the Quarter Ending June 2022

North America

The Omeprazole API market witnessed a stable trend in the North American region in the second quarter of 2022. The market was stable due to steady demand and surplus availability of inventories, impacting the price dynamics of Omeprazole in the region. Demand from the downstream pharmaceutical and other industries has declined throughout Q2 2022. Omeprazole is taken with an Antacid and belongs to the class of proton pump inhibitors for treating stomach-related infections. The upstream energy costs experienced fluctuation on the higher side due to route disruption and increased transportation charges, and the price stabilized owing to enough inventories and existing stock. Towards the end of Q2 of 2022, Omeprazole prices were assessed at USD 153400/MT for CFR Houston during June 2022.

Asia- Pacific

During the second quarter of 2022, the Omeprazole market has declined in the Asia Pacific region amid stable demand fundamentals. Demand from the downstream pharmaceutical sector and other industries has eased throughout Q2 2022. Moreover, Rupee depletion against the dollar also impacted the price dynamics of Omeprazole in the second quarter of 2022. The prices increased owing to market fluctuations witnessed by the costs of Omeprazole. At the commencement of the first half of Q2 2022, the prices of Omeprazole surged with high demand and limited stock availability. Towards the end of the quarter, Omeprazole prices were recorded to follow a plunging trend with a total declination of 9.3%, and values settled at INR 3050350/MT for Ex-Vapi in June 2022.

Europe

Omeprazole market dynamics in the European region showed fluctuations on the back of geopolitical tension between European countries. With the stable demand from the downstream medical industry, such as stomach-related diseases, etc., prices surged in the first half of Q2 2022 due to geopolitical tension and supply disruptions from major Asian exporting countries. Also, the upstream energy prices exhibit slight flotation owing to increased freight charges and logistics shortages. At the onset of the second half of quarter 2, the trade routes showed relief, resulting in a recommencement in trading activities in the European market. Towards the end of Q2 of 2022, Omeprazole prices were assessed at USD 162400/MT for CFR Le Havre in June 2022.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Omeprazole is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Omeprazole market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Omeprazole manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Omeprazole market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behaviour of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Omeprazole market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Omeprazole are analyzed and region-wise demand pattern is tracked.

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Omeprazole Price Trend and Forecast

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