Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the Philippines - 2023
Contents:
- Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the Philippines (CIF) - 2022
- Imports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the Philippines
Price for Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the Philippines (CIF) - 2022
In 2022, the average import price for alkaloids, vegetable; of cinchona and their derivatives; salts thereoves amounted to $139,000 per ton, with a decrease of -23.7% against the previous year. In general, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average import price increased by 103% against the previous year. The import price peaked at $182,058 per ton in 2021, and then fell dramatically in the following year.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -7.7% per year.
Imports of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves, when their volume decreased by -99.7% to 2 kg. Over the period under review, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 321%.
In value terms, imports of alkaloids, vegetable; of cinchona and their derivatives; salts thereoves declined sharply to $278 in 2022. Overall, imports continue to indicate a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 432%.
| Import of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 0.3 | 0% |
| Hong Kong SAR | 7.1 | N/A | N/A | N/A | 0% |
| Thailand | N/A | N/A | 100 | N/A | 0% |
| India | 5.1 | 28.0 | 11.5 | N/A | 50.2% |
| Lao People's Democratic Republic | N/A | 33.6 | 10.5 | N/A | -68.8% |
| Others | 0.6 | 6.3 | 0.7 | N/A | 8.0% |
| Total | 12.8 | 67.9 | 123 | 0.3 | -71.4% |
Top Suppliers of Alkaloids, Vegetable; of Cinchona and Their Derivatives; Salts Thereof to the Philippines in 2022:
- United States (2.0 kg)
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