Sulfamethazine Price Trend and Forecast

Regional Price Overview

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

Sulfamethazine Price Trend for the Q1 of 2024

Sulfamethazine, the commonly used veterinary medicine, continued to follow its feedstock materials acetylsulfanilyl chloride, pyridine, and sulfur dioxide market fluctuations during the given period. Because of the long term stability in these product markets, the prices were mostly found teetering within a very narrow range of the entire concerned span.

Sulfamethazine Price Chart

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The pharma sector anyway is a highly regulated sector, especially in India; thus, the prices for such drugs don’t usually have much room for any price movements. As per these driving factors, the downstream demands became detrimental to the Sulfamethazine’s price performance. The inventories were sufficiently capable of catering to the impending demands, and the supplies were also available to move in case required. Overall, a consolidated market performance was experienced during the said time period.

Analyst Insight

According to Procurement Resource, given the current market situation, not much change is expected in the Sulfamethazine prices moving ahead.

Sulfamethazine Price Trend for the October - December of 2023

Sulfamethazine is a sulphonamide antibiotic, particularly used in veterinary medicine for livestock, poultry, and aquaculture, to treat or prevent various bacterial infections. Though the sulfamethazine price trend are largely dependent on the market variations of its feedstock materials acetylsulfanilyl chloride, pyridine, and sulfur dioxide, the regular market demands during the concerned period also drove the market trend for sulfamethazine.

During the span of Q4’23 sulfamethazine prices were observed to be fluctuating between very narrow ranges as the gap between the supply and demand dynamics was consistent for the majority of the time period. Overall, mixed market sentiments were witnessed.

Analyst Insight

According to Procurement Resource, Sulfamethazine prices are anticipated to continue wavering in a similar manner in the coming month; not much alteration in the current pricing dynamics is expected.

Sulfamethazine Price Trend for the July - September of 2023

Sulfamethazine is a widely used sulfa drug for veterinary purposes. It is used as an antibiotic in veterinary medicine and as an additive for animal feed. The price analysis for sulfamethazine involves many variables, like feedstock acetylsulfanilyl chloride prices, existing stock quantities, consumer demands, and the market’s economic situations.

During the said period of Q3’23, the sulfamethazine escalated on the price graph, following the positive forecasts, especially in the US market. The high running inflation from the very beginning of the year raised the costs for almost all products; however, the drug industry was greatly affected because of its essential nature of requirement. Most drug companies tried to capitalize on the rise in inflation and interest rates in the region. The Inflation Reduction Act controlled excessive price hikes for some categories of drugs, but the overall market momentum for sulfamethazine was positive during the discussed time frame.

Analyst Insight

According to Procurement Resource, the Sulfamethazine price trend are likely to continue wavering high on the price graph since the end consumer demands are staying persistent.

Sulfamethazine Price Trend for First Half of 2023

Sulfamethazine is a broad-spectrum antimicrobial drug that belongs to the family of sulfa drugs and is a sulfonamide widely employed in the treatment of bacterial diseases such as bronchitis, prostatitis, and several other urinary tract infections.

The market activities of sulfamethazine were reliant on the performance of pharmaceutical industries in the first and second quarters of 2023. In India, the government promoted the import of several formulations to boost production activities. This also helped in strengthening the supply chains with international players after a period of stagnancy due to COVID-19 restrictions.

The rates of imports were also affected by the heavy dependence of India’s pharmaceutical sector on the raw material trade with China. The boom in the pharmaceutical sector in the first and second quarters was based on the expensive raw materials imported from the neighboring countries, and thus, the price trend of sulfamethazine inclined.

Analyst Insight

According to procurement resources, Sulfamethazine price is estimated to depict a fluctuating pattern as the dependence of India’s pharmaceutical sector on the import of expensive raw materials will prove to be a challenge in the upcoming months.

Procurement Resource provides latest prices of Sulfamethazine. 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.