The Price of Valsartan Continues to Rise Steadily in May 2023

May 2023 comes to a unanimously successful conclusion about the price of Valsartan after taking into account steady manufacturing activity in the exporting country's provinces, i.e., China, and relatively strong worldwide demand from the pharmaceutical and healthcare sectors. Prices are expected to continue growing, which will help the second quarter of 2023 come to a good end.

Consumer confidence in the APAC region, one of the main export destinations for Valsartan, increased at the beginning of May. Increased downstream sector demand in the global market helped reduce inflationary pressure, which increased consumer confidence for all pharmaceutical end products—including Valsartan—in the Chinese markets. The market participants decide to start new production processes so they may replenish their inventories with fresh supplies. Furthermore, the global supply chain has been influenced by the Covid-19 outbreak and the circumstances in Ukraine. Production was suspended due to supply chain interruption, and overall transportation expenses increased. As a result, the cost of importing raw materials went up. Excipients, packaging components, and Active Pharmaceutical Ingredients (APIs) were all included.

Similarly, in the USA, the cost of Valsartan has been steadily rising. The United States imports the majority of its APIs and a sizable portion of its generic drugs from China or other countries that use (APIs/chemical intermediates) imported from China. More particularly, China is the source of 36% of the antibiotic APIs, including Valsartan, used in the US. Due to this, market participants have been able to raise their prices of Valsartan, mimicking the exporting country's trajectory. An increase in Valsartan pricing in both domestic and foreign markets was also influenced by the rise in energy costs.

As per the ChemAnalyst analysis, " With supply and demand in balance, the higher end of the price range for Valsartan is anticipated to remain stable. The rising cost of raw materials is also contributing to higher prices for Valsartan. This is due to a number of factors, including the rising cost of oil and other energy inputs.