Acetaminophen Price In USA
- United States: 4965 USD/MT
In Q4 2023, the price of acetaminophen in the United States reached 4,965 USD/MT in December. Similarly, in China, the price of acetaminophen reached 4,751 USD/MT during the same period. Meanwhile, in Germany, acetaminophen prices rose to 5,034 USD/MT in December.
The latest report by IMARC Group, titled " Acetaminophen Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," delivers a comprehensive analysis of acetaminophen prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Acetaminophen Prices December 2023:
- United States: 4965 USD/MT
- China: 4751 USD/MT
- Germany: 5034 USD/MT
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The study delves into the factors affecting acetaminophen price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Acetaminophen Price Trend- Q4 2023
The acetaminophen market is driven by its widespread use as a trusted over-the-counter pain reliever and fever reducer. The increasing prevalence of chronic pain conditions and flu-like symptoms globally boosts demand. Its safety profile, particularly for individuals who cannot take NSAIDs, makes it a preferred choice. Additionally, the growing elderly population, who often require pain management, contributes to market growth. Expanding healthcare access in developing regions and the rising trend of self-medication further support the market. Technological advancements in drug formulations also enhance product effectiveness and convenience, driving market expansion.
The government of Asia, and especially India, stopped the exponential price increases of acetaminophen. The pharmaceutical firms had to raise the price quotes of medications like acetaminophen in the most recent quarter due to pressure from a double-digit percentage increase in medical inflation. However, the government stopped the cost of 33 essential medications, including acetaminophen, from rising to maintain prices that were affordable for all consumers. As a result, the price graph of these medications decreased linearly. Pharmaceutical companies were penalized by the EU Commission for alleged price-fixing in the fourth quarter of 2023. The pharmaceutical industries' loan activity drastically decreased when the banking sector's interest rates increased to stabilize the European economy. As a result, to maintain their profit margins, the industries turned to the tried-and-true method of increasing the price of products such as acetaminophen.
The government's measures have compelled the producers to reduce their market pricing, which caused swings in the price graph of acetaminophen. As in other Asian and European nations, the US government also declared several steps to control the cost of acetaminophen. The producers were only able to increase their quotations in line with the rates of inflation. However, the large pharmaceutical corporations opposed these government initiatives, and the legal dispute between the government and the pharma giants caused notable fluctuations in the trend of acetaminophen prices. Additionally, in the final quarter of 2023, the pharmaceutical business became unstable due to the delayed supplies of raw materials caused by the drought in the Panama Canal, which increased production costs.
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Key Points Covered in the Acetaminophen Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Acetaminophen Price Trend
- Acetaminophen Prices
- Acetaminophen Demand & Supply
- Acetaminophen Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Acetaminophen Price Analysis
- Acetaminophen Industry Drivers, Restraints, and Opportunities
- Acetaminophen News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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