Get the latest insights on price movement and trends analysis of Ibuprofen in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Ibuprofen Price Trends for the First Half of 2023
The price trends of ibuprofen was supported by a high number of orders from pharmaceutical industries and increased shipments to domestic and international markets. The Chinese market revived its production activities after a long stretch of lunar holidays that had a positive impact on the demand sentiments for ibuprofen.
In the second quarter, however, the price trends declined significantly with a reduction in export rates and the slowing down of the global economy. The Chinese government thus adopted measures to deal with a falling economy, which resulted in high-interest rates and a rise in inflation, hampering the growth of the ibuprofen price trends.
The ibuprofen market was stable in the first quarter of 2023 as the pharmaceutical industries showed high demand, while the inventories were not sufficient to curb this. The European currency also inclined with respect to the US dollar, supporting the rise in prices of ibuprofen. The trends did not follow the same trajectory in the second quarter as the demand declined, which further reduced the number of imports. The supply chains also worked efficiently, reducing the freight charges and reducing the cost of energy; the price trends of ibuprofen faced southwards.
In North America, the price trends of ibuprofen inclined in the first quarter as the trading activities inclined and procurement rates of pharmaceutical industries also improved.
However, as observed in the European and Asia-Pacific nations, the price trends of ibuprofen declined in the second quarter. The end-user industries witnessed a fall in the number of sales that, in turn, increased the level of inventories. The fall in price trends was further aided by the struggling market dynamics.
According to Procurement Resource, the price trends of Ibuprofen is expected to face southwards as the demand from downstream industries is declining consistently due to a lack of sales, and the rising level of inventories will also have a negative impact on the ibuprofen price trends.
Procurement Resource provides latest prices of Ibuprofen. 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.
Ibuprofen belongs to the non-steroidal anti-inflammatory category of drugs and is popularly used in treatment of inflammation, fever, and pain. It is frequently used to treat a number of ailments, such as menstrual cramps, arthritis, muscle discomfort, and headaches. Orally ingested ibuprofen is readily absorbed and has long-lasting effects. It inhibits the enzymes which produce prostaglandins that are a primary cause of inflammation.
|Industrial Uses||Pharmaceutical manufacturing, Cosmetic and skincare, Athletic and topical products|
|Molecular weight||206.29 g/mol|
|Supplier Database||BASF SE, BIOCAUSE Inc, Solara Active Pharma Sciences Limited, IOL Chemicals and Pharmaceuticals Limited, SI Group Inc|
|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.
In synthesis of ibuprofen, the first step is the reaction between isobutyl benzene and acetic anhydride. Theu undergo various sequential reactions such as Friedal-Crafts acylation, carbonyl reaction, chloride substitution, and Grignard reaction to ultimately give ibuprofen as its final product.
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).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.