The price of Piperacillin & Tazobactam witnessed an assorted trend in the North American market throughout the fourth quarter of 2022. Fluctuating demand from the downstream pharmaceutical and healthcare sector pulled back the prices of Piperacillin & Tazobactam in the regional market. Many retailers of Piperacillin & Tazobactam encountered the opposite issue in Q4. They had too many stocks on hand following months of COVID supply chain shocks and headlines about empty shelves. After COVID, purchaser preferences changed, and supply chain issues were eased because of reduced shipping demand brought on by slower consumer spending and a fall in manufacturing activity in December. All these factors resulted in the mixed price trend of Piperacillin & Tazobactam in the US domestic market.
In the Asia-Pacific region, Piperacillin Tazobactam prices achieved robust gains with the start of the fourth quarter of 2022. The Ex-Vapi prices for Piperacillin & Tazobactam in India increased by 1.8% in October. As in the first week of October, the Long week holiday affected the production activities in factories resulting in tight supply in the domestic market. However, the prices in India started to follow a downtrend and decreased by around 1.8% in the second half of the quarter. Covid cases resurgence from the end of October led to both logistic restriction and end-user run rate limitation, which resulted in Piperacillin & Tazobactam inventory accumulation and lower offers. The impact of the epidemic ebbed away the demand, leading to some manufacturers opting to slow production. Additionally, export orders from the international market were sluggish due to dull market dynamics.
During the fourth quarter of 2022, Piperacillin & Tazobactam prices fluctuated in the European market, mirroring the price pattern in the Asian and North American markets. The presence of inquiries from the end-user pharmaceutical industry in H1 of Q4 raised the demand for the product in the local German market. Later, with the commencement of H2 of Q4, the prices depreciated in the European region, with demand scaling down its pace from the buyer's end. Furthermore, stockpiled inventories on the back of weak purchasing activities propelled domestic merchants to lower their Piperacillin & Tazobactam quotations to raise their orders, resulting in a declining price trend in Europe.
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