Streptomycin Price Trend and Forecast

Streptomycin Regional Price Overview

Get the latest insights on price movement and trend analysis of Streptomycin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Streptomycin Price Trend for the Q1 of 2024

Asia

In Asia, particularly in the Indian market, streptomycin prices experienced fluctuations due to lower costs of raw materials, which reduced production expenses in the early phase of the quarter. Additionally, decreased inquiries from downstream industries and year-end destocking contributed to the price decline. However, as the months progressed, prices rose as manufacturers like Granules India reported increased profit margins, sparking optimism among traders for future quarters. Furthermore, the National Pharmaceutical Pricing Authority (NPPA) announced an increase in the Maximum Retail Price of essential medicines, including streptomycin, effective April 1, 2024, based on the wholesale price index change from 2022 to 2023.
 

Streptomycin Price Chart

Streptomycin Price Trend

Please Login or Subscribe to Access the Streptomycin Price Chart Data
 

Europe

In Europe, the streptomycin market faced global volatility during the first quarter of 2024, influenced by the dynamic pricing strategies in the US and increased price quotations from Asian traders. The reduction in import volumes from these regions strained inventories amid substantial demand for the commodity.

On the other hand, domestic production struggled with rising feedstock material costs and crude oil prices. Geopolitical tensions from the Middle East, particularly maritime shipment attacks by Houthi communities and sanctions on Russian imports, significantly impacted the pricing trajectory of streptomycin in Q1 2024.

North America

In North America, the United States faced generic drug shortages, partly due to low prices and price capping by overseas industries, posing challenges for healthcare and national security. Manufacturers focused on mitigating these shortages, including proposals to increase domestic drug production. However, the competitive market atmosphere, driven by imports predominantly from India and the EU, raised concerns about dependency on foreign suppliers.

Domestic production solutions are complicated by higher costs and environmental challenges, necessitating significant investments and policy changes. The shortage crisis underscores the need for substantial governmental intervention and strategic investment to secure a stable supply of streptomycin and other essential drugs.

Analyst Insight

According to Procurement Resource, the price trend of Streptomycin is expected to increase by a slight margin based on the raised quotations by several market giants and the escalating cost of production.

Procurement Resource provides latest prices of Streptomycin. 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.

Platform Sample

Please Login or Subscribe to explore our dashboard.

About Streptomycin

Streptomycin is a broad-spectrum antibiotic produced from Streptomyces griseus. This white to off-white antibiotic is highly soluble in water and is widely used in the treatment of tuberculosis and other bacterial infections. It inhibits the protein synthesis in bacteria's thereby halting their growth and reproduction. It is also used in the agriculture sector to control plant bacterial diseases and in aquaculture to treat infections in fish and in veterinary medicine for livestock and pets.

Streptomycin Product Details

Report Features Details
Product Name Streptomycin
Chemical Formula C21H39N7O12
Industrial Uses Medicine, Biotechnology Research, Aquaculture
Molecular Weight 581.574 g/mol
CAS No. 57-92-1
HS Code 29412010
Supplier Database Pfizer Inc., GlaxoSmithKline plc, Novartis AG, Abbott Laboratories, Merck & Co Inc, Sanofi SA, Mylan N.V.
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.

Streptomycin Production Process

  • Production Process by fermentation method: The fermentation of streptomyces griseus is the first step in the production of streptomycin. The fermentation culture of the bacteria consists of glucose, soybean meal, sodium chloride, etc. The end product is then filtered and purified.

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).

Assistance from Experts

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.

Client's Satisfaction

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.

Assured Quality

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.

Table Of Contents

Our Clients

client-image

Get in Touch With Us

flag
UNITED STATES

Phone:+1 307 363 1045

flag
INDIA

Phone: +91 1203185500

flag
UNITED KINGDOM

Phone: +44 7537 132103

Email: sales@procurementresource.com

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.