Paracetamol Price Trend

Paracetamol Prices December 2023

The cost of paracetamol in the USA rose to $ 4990/MT during the 4th quarter of 2023 owing to strong demand and higher freight expenses caused by geopolitical crises. The USA's status as a chief importer affects global market cost fluctuations producing a rippling effect in countries that export paracetamol. Furthermore, disruptions and attacks on ships navigating vital commercial routes like the Red Sea and the Suez Canal led to higher transportation costs putting upward pressure on prices, as compared to last quarter.

At the outset of Q4, China saw a decline in prices due to an excess supply and small demand for raw materials. However, prices rose to $ 4770/MT nearing the quarter end due to greater end-user demand. This recovery was backed by economic stability, favorable policies by the government, and improved exports alongside fixed manufacturing costs. The fall in Chinese Yuan's value against the US$ also played a role in varying paracetamol prices in Q4 2023.

Germany saw a sizable jump in paracetamol prices in 4th quarter reaching $ 5054/MT spurred by mounting downstream demand and elevated consumer confidence. Several factors like the rise in global freight costs and a spike in demand during winter months provided an impetus to the expanding industry. Moreover, the higher production costs as a result of escalated prices of raw material also aided in market expansion allowing market participants to leverage scarcity to boost profit margins.

Paracetamol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Paracetamol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of paracetamol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of paracetamol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of paracetamol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing paracetamol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Paracetamol Market Analysis

The global paracetamol market size reached US$ 746.1 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1085.1 Million, at a projected CAGR of 4.30% during 2023-2032.

• The primary factor driving the market growth is the persistent need for pharmaceuticals such as paracetamol due to the rising global prevalence of fever and pain-related illnesses.
• Besides this, the expanding geriatric population, prone to chronic conditions and pain-related illnesses is boosting the need for painkillers like paracetamol. Based on the United Nations 2022 Revision of World Population Prospects, the proportion of the global population aged 65 or older will increase from 10% in 2022 to 16% in 2050. By 2050, the number of people 65 and older is predicted to nearly equal the number of children under 12 and surpass the whole population of children under the age of 5 worldwide.
• Furthermore, the market is growing as a result of rising epidemic and pandemic outbreaks, such as the COVID-19 pandemic, which are driving up demand for drugs like paracetamol that lower fever. For instance, in the wake of COVID-19 crisis, the French government partnered with pharmaceutical companies Seqens, Upsa, and Sanofi to construct local manufacturing of paracetamol in the country.
• Along with this, the flourishing expansion of the pharmaceutical industry leading to greater availability and accessibility of paracetamol products is acting as another significant growth-inducing factor.
• Additionally, supportive government programs aimed at alleviating healthcare access have widened the availability and affordability of paracetamol, propelling the market forward.
• Furthermore, continuous innovation and development, as well as extensive investments in research and development (R&D) projects to release new formulations, combinations, and dosage forms of paracetamol, is creating a positive outlook for market.
• Concurrently, favorable changes in regulatory frameworks, such as approvals for new indications or formulations combined with the availability of generic versions of paracetamol at lower costs are presenting lucrative opportunities for market growth. For example, the U.S. Food and Drug Administration (FDA) approved GlaxoSmithKline’s advil dual action with acetaminophen In March 2020 as an over-the-counter (OTC) product for pain relief.
• As per the American Migraine Foundation, an estimated 3–5% of the U.S. population suffers from chronic migraine, with 15 or more headaches per month. This expanding patient pool, driven by rising urbanization and associated lifestyle changes, such as sedentary lifestyles and stress is contributing to increasing demand and sales of paracetamol.

Paracetamol News

The report covers the latest developments, updates, and trends impacting the global paracetamol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in paracetamol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the paracetamol price trend.

Latest developments in the paracetamol industry:

• In April 2022, IOL Chemicals & Pharmaceuticals Ltd. announced that it has begun its commercial production of paracetamol with installed capacity of 1,800 MTPA along with backward integration of para–amino phenol (PAP). Aside from this, the company also announced its intention to quadruple paracetamol outturn to 3,600 MTPA by Q3 2023, investing Rs 25 crore internally.
• In March of 2022, Paraveganio launched the world’s first paracetamol to bear The Vegan Society's Vegan Trademark. This certified vegan drug contains 500mg of paracetamol, using magnesium stearate sourced entirely from vegetables.

Product Description

Paracetamol commonly known as acetaminophen in some regions, is one of the most extensively employed medicine, that is popular for its analgesic, i.e., pain-relieving and antipyretic or fever-reducing qualities. It belongs to the class of drugs called analgesics and is generally used to treat mild to moderate pain as well as fever. Paracetamol works by blocking the generation of certain brain chemicals that transmit pain signals and control body temperature.

This medication is marketed in an array of forms, including tablets, capsules, syrups, and effervescent powders, making it easy to use orally. It is frequently used to treat headaches, toothaches, muscular pains, arthritis, and fever caused by colds and flu.

Paracetamol is regarded as a relatively safe medication when taken in accordance with approved dosages. However, exceeding the recommended amount can harm liver, making it crucial to follow prescribed guidelines and parameters.

Paracetamol is widely available for self-medication since it is frequently found as an active component in several OTC cold and flu drugs. It is a staple in cabinets throughout the world, providing millions of people relief from pain and fever, everyday.

Regional Coverage

The report provides a detailed analysis of the paracetamol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the paracetamol price trend.

Global Paracetamol Price

The report offers a holistic view of the global paracetamol pricing trends in the form of paracetamol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of paracetamol but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed paracetamol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Paracetamol Price

In the last quarter of 2023, the European Paracetamol market experienced an upward trend in prices, particularly in Germany. Heightened demand, driven by improved customer confidence and seasonal factors, led to a significant spike in prices. Additionally, global freight cost escalations and supply chain disruptions influenced market dynamics. The price of Paracetamol in Hamburg rose to USD 5059/MT, with manufacturers adjusting pricing strategies amidst insufficient inventories and increased production costs.

This analysis can be extended to include detailed paracetamol price information for a comprehensive list of countries.

North America Paracetamol Price

In the final quarter of 2023, North America experienced a notable rise in Paracetamol prices, primarily due to sustained demand and disruptions in global trade routes. Ongoing geopolitical tensions led to increased freight charges, impacting the smooth flow of goods. The United States, a major importer, played a key role in shaping market dynamics, with prices closely mirroring those in exporting countries. Despite economic uncertainties, the US market exhibited resilience, marked by increased consumer confidence. The latest settled prices of Paracetamol in Houston were USD 4995/MT, with a quarterly increase of 0.95%.

Specific paracetamol historical data within the United States and Canada can also be provided.

Middle East and Africa Paracetamol Price

The analysis of paracetamol prices in Middle East and Africa provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

In addition to region-wise data, information on paracetamol prices for countries can also be provided.

Asia Pacific Paracetamol Price

In the fourth quarter of 2023, the Asia Pacific Paracetamol market experienced an initial decline in prices due to moderate to high supply. However, prices rebounded later driven by increased demand from end-user industries. In China, prices initially fluctuated due to changes in production costs and currency depreciation. Overall, prices trended upwards in the APAC region, influenced by supply dynamics and economic factors.

This paracetamol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Paracetamol Price

The analysis of paracetamol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of paracetamol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting paracetamol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The paracetamol price charts ensure our clients remain at the forefront of the industry.