Azithromycin Prices Trend | Pricing | News | Database | Chart | ChemAnalyst
North America
In Q3 2024, the North American Azithromycin market displayed mixed trends, characterized by significant price volatility, particularly in the United States. Prices initially surged during the early part of the quarter, reaching a peak around mid-quarter, before declining as the quarter concluded.
The early price increase was influenced by several factors. Consumer optimism about business conditions drove demand for Azithromycin Dihydrate, while supply chain disruptions added to the upward pressure. Key challenges included blank sailings and rerouted ships via the Cape of Good Hope (COGH) due to severe congestion at major ports in Asia and North America, limiting the drug’s availability. However, prices began to fall in September as consumer demand weakened, weighed down by economic uncertainties. The impending presidential election in November contributed to cautious spending behavior, and concerns over potential tariff hikes on Chinese imports dampened market confidence.
By the end of the quarter, the price of Azithromycin Dihydrate (USP, FDA) CFR New York settled at USD 149,100 per metric ton, reflecting the interplay of demand shifts, logistical issues, and economic conditions.
Get Real time Prices for Azithromycin : https://www.chemanalyst.com/Pricing-data/azithromycin-1374
Asia Pacific
In Q3 2024, Azithromycin prices in the APAC region followed a mixed trajectory, shaped by dynamic market forces. July and August saw a steady rise in prices, driven by strong global demand and robust export activity to North America and Europe. Foreign buyers placed substantial orders to mitigate potential supply risks, further bolstering prices.
However, as September approached, prices began to decline. This shift was attributed to reduced global demand, fueled by economic uncertainties that dampened consumer confidence and slowed purchasing activity. Intense competition within the pharmaceutical sector also led to increased pricing pressures, forcing suppliers to reduce prices to maintain market share.
By the end of the quarter, the price of Azithromycin Dihydrate (USP, FDA) FOB Shanghai settled at USD 145,900 per metric ton, highlighting the competitive and volatile market conditions across the region.
Europe
The European Azithromycin market in Q3 2024 showed a mixed trend, driven by fluctuating demand and broader economic influences. Prices rose steadily through mid-quarter, supported by consistent end-user demand and improving economic conditions. Notably, inflation in Germany eased to an annual rate of 2%, boosting consumer purchasing power and pharmaceutical demand.
However, a sharp decline in demand emerged as September progressed, marking one of the most significant drops in recent months. In response, suppliers reduced prices aggressively to encourage sales, further amplifying the downward trend.
By the end of the quarter, the price of Azithromycin Dihydrate in Germany reached USD 146,000 per metric ton, reflecting the ongoing challenges of fluctuating demand and broader market uncertainties.
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