Product
Azithromycin Price Trend and Forecast
Azithromycin Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Azithromycin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Azithromycin Price Trend for the H1 of 2023
Asia
The azithromycin sector witnessed positive price growth in the first and second quarters of 2023. The rise was gradual in the first quarter but was steep in the second quarter. This upward trajectory in the prices of Azithromycin was supported by the decline in inventories and rising demand from the end-user sector.
Also, after a long period of stagnancy in China due to the lunar holiday season, the market regained its production potential. In the second quarter, the downstream industries raised their number of orders, and with rising inflation rates and soaring energy production prices, the trend of Azithromycin inclined significantly.
Europe
The market for Azithromycin was stagnant in the first quarter of 2023 as the purchasing potential of the pharmaceutical sector and the supply of the product in the region balanced each other. However, in the second quarter, the price trend inclined significantly. In Q2, the demand from the domestic and international players rose remarkably with the positive movement of the regional market. In addition, the ongoing Russia-Ukraine war caused the cost of energy production to rise, and as a result, the price trend of Azithromycin moved swiftly towards a positive trajectory.
North America
The price trend seen in the European region was also followed in North America. In the first quarter, the price trend increased gradually, supported by the consistent demand from the pharmaceutical sector and ease in trading activities.
In the second quarter, the rise in imports from China and increasing production activities of the downstream sector influenced the azithromycin market. In addition to this, the inflation in the region declined, and the energy cost surged, which further supported the azithromycin market.
Analyst Insight
According to Procurement Resource, the price of Azithromycin is expected to witness an inclining trajectory as the demand from the downstream industries and the cost of energy production are estimated to rise.
Procurement Resource provides latest prices of Azithromycin. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
A member of the macrolide class of antibiotics, azithromycin has a broad spectrum of activity. It is frequently used to treat a number of bacterial infections, including skin infections, sexually transmitted diseases, and infections of the respiratory tract. By blocking the creation of bacterial proteins, azithromycin stops the growth and spread of bacteria.
Its lengthy half-life, which enables once-daily dosing and provides patients with convenience, is one of its important characteristics. Additionally, it has significant tissue penetration, making it possible to treat infections in different bodily regions effectively. Its favorable side effects and suitability for those with penicillin allergies make azithromycin a desirable and frequently given antibiotic.
Product Details
| Report Features | Details |
| Product Name | Azithromycin |
| Chemical Formula | C38H72N2O12 |
| CAS Number | Veterinary medicine, Disease prevention in agricultural crops |
| Molecular Weight | 83905015 |
| HS Code | 29419090 |
| Supplier Database | Pfizer, Akron, Teva, Mylan, Zydus Pharmaceuticals, Sandoz, Aurbindo Pharma, CSPC Ouyi Pharmaceutical, Hainan Poly Pharm |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
The production of intermediate molecules is the first step in the synthesis of azithromycin. Amination, acylation, esterification, cyclization, purification, isolation, and quality control are the next steps. The intermediate component is processed to attach molecules with amine and acyl functional groups, which are then subjected to cyclization to combine all the compounds into one finished product, in this case azithromycin.
In a very certain temperature and environment, the process is watched over and managed. Following cyclization, the chemical compound is refined and isolated to guarantee complete purity and retain the chemical compound's quality.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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