For the Quarter Ending June 2023

North America:

Clopidogrel bisulfate prices in the North American region mirrored the declining trend seen in the APAC region. Across North America, prices for clopidogrel bisulfate steadily decreased during the second quarter, compared to the first quarter. This downward trend persisted until the final week of June. The declining prices were attributed to fluctuating downstream markets for the feedstock used in manufacturing clopidogrel bisulfate, along with a consistent decline in local demand from the pharmaceutical sector. High warehouse inventories held by market participants and limited utilization of existing stocks played a role in the ongoing decline of domestic demand. This compelled market players to reduce domestic prices in an effort to lower their inventories and safeguard their end products. Despite this, considering the consumer price index (CPI) for June 2023, specifically in the United States, it increased by 0.1% compared to May. Domestic suppliers of clopidogrel bisulfate maintained sufficient inventory to meet local demand throughout the second quarter of 2023.

Asia Pacific:

The second quarter witnessed a bearish market sentiment in the price of the active pharmaceutical ingredient, clopidogrel bisulfate. Prices saw a sharp decline that persisted until the final weeks of June 2023. One significant cause of the April 2023 decrease in clopidogrel bisulfate prices was the marked reduction in consumer inflation, which in turn weakened purchasing activity. India's annual inflation rate also dropped from 5.7% in March to 4.7% in April 2023, the lowest level since October 2021 and slightly below the forecasted 4.8%. Falling fuel costs further reinforced the downward market trajectory for clopidogrel bisulfate. The trend continued in May, as the consumer price index fell from 4.70% in April to 4.25%, following declines from 5.66% in March, 6.44% in February, and 6.52% in January. Economists interpreted this steady decline in inflation as an indicator of a more controlled and stable price environment for consumers, along with a gradual easing of energy costs. The Reserve Bank of India (RBI) viewed this positively, as it indicated inflation falling below its upper tolerance limit of 6% for three consecutive months. The weakening trend persisted in clopidogrel bisulfate prices, concluding Q2 with recorded prices at USD 45,005.42/MT EXW-Ludhiana.

Clopidogrel Prices: https://www.chemanalyst.com/Pricing-data/clopidogrel-1529

Europe:

In the German market, clopidogrel bisulfate prices followed a trend similar to that observed in the APAC region throughout the entire second quarter of 2023. At the onset of Q2, prices continued to decline across the region due to weakened consumer demand, leading to increased inventory stockpiling among retailers and suppliers. Until the last weeks of June, the market environment remained subdued due to excessive local retailer inventories and decreasing upstream costs. Additionally, market participants focused on destocking prior inventories, driven by reduced inquiries and concerns that tepid temperatures could degrade goods, causing significant profit losses, especially as Germany was impacted by a June heatwave. This seasonal shift also made buyers hesitant to place substantial orders. Furthermore, currency fluctuations throughout June affected market sentiments for clopidogrel bisulfate in the European market. The euro's depreciation against the US dollar in recent months made pharmaceutical APIs more expensive for eurozone buyers, contributing to the overall decline in prices.



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