Omeprazole Prices Trend and Forecast
North America
The North American market for
Omeprazole experienced fluctuating sentiment in the fourth quarter of 2022 due
to varying demand from downstream pharmaceutical sectors. Omeprazole
prices in the US market increased by 4.3% till November and were
estimated at USD 158600/MT; however, prices marginally decreased to USD
155600/MT in December. There were supply chain interruptions from a major
exporting country, primarily China, due to the Golden Week holiday in the early
week of October and subsequent Covid limitations. Though, the orders from
downstream pharmaceutical companies were high due to low stocks, which boosted
trader confidence in the domestic market. By the conclusion of the quarter,
improvement in import frequency from Chinese ports resulted in sufficient
market supply, which caused the cost to be slightly lower. Additionally, the
demand from the downstream pharmaceutical sector decelerated in December as
buyers purchasing interest waned amid the year-end season and waiting for new
supply.
Asia- Pacific
In the Asia Pacific region, the Prices
of Omeprazole revealed an assorted sentiment with price fluctuations
during the entire fourth quarter of 2022. An increment of 3.5% in Omeprazole's
price trend was seen in the first half of Q4, with prices settling at USD
145080/MT in November. Limited supplies among local retailers because of the
slowdown in manufacturing activities during the Golden Week holidays in the
initial week of October stimulated the rising price trend in the market. Also,
with an increase in COVID cases, some parts of the country moved into lockdown
and continued to cause instability in API exports. Later, in December, the
manufacturers slowed down their production and were mainly focused on selling
off their stocks even at cheap rates due to the ongoing yearlong destocking
season. Thus, by the quarter ending December, prices of Omeprazole were
estimated at USD 143655/MT in China.
Europe
Omeprazole had oscillating market
dynamics during the fourth quarter of 2022 in Europe. Omeprazole prices in the
French market rose to USD 172500/MT till November due to reduced import
activity from China over the Golden Week vacation and zero Covid-19
limitations, which resulted in low supplies in the local market. Omeprazole
prices, however, fell 1.3% in December, settling at USD 170325/MT in France due
to declining demand from the downstream pharmaceutical and nutraceutical
sectors, which had impacted the French market's fundamentals and led to a price
reduction. Domestic retailers also had adequate inventory to fulfill demand
generally, which led to a downward trend towards the end of the quarter.
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