# The API Market in 2023 Amid Global Challenges | Engormix

> The veterinary API market fell through 2023 to record lows amid weak livestock demand in China. Early-2024 monthly indices show prices flat to slightly lower, with some products rebounding and others easing.

- Date: 2024-02-05 · published 2024-02-05T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/31992-the-api-market-in-2023-amid-global-challenges-engormix
- Commodities: [Methionine](https://feedsoft.ai/c/METH.md), [Lysine](https://feedsoft.ai/c/LYSINE.md)

## Why it matters

Weak veterinary API prices reflect a downturn in China's livestock sector, which dampens demand for feed inputs and signals soft domestic animal-health spending.

## Sources

- en.engormix.com: https://en.engormix.com/poultry-industry/amino-acids-poultry-nutrition/the-api-market-2023_a53774/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.