Price for Antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereof in the Philippines - 2023

Contents:

  1. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines (CIF) - 2022
  2. Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines (FOB) - 2022
  3. Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines
  4. Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines (CIF) - 2022

The average import price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves stood at $18,995 per ton in 2022, surging by 3.3% against the previous year. Over the period under review, the import price, however, recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 when the average import price increased by 50%. Over the period under review, average import prices reached the maximum at $30,371 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($36,882 per ton), while the price for the United States ($6,524 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines (FOB) - 2022

In 2022, the average export price for antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves amounted to $116,000 per ton, which is down by -53% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 700%. Over the period under review, the average export prices reached the peak figure at $247,000 per ton in 2021, and then declined notably in the following year.

As there is only one major export destination, the average price level is determined by prices for Ireland.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to 0.0% per year.

Imports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines

In 2022, overseas purchases of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves were finally on the rise to reach 658 tons after two years of decline. Overall, imports, however, faced a abrupt downturn.

In value terms, imports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves surged to $12M in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.

Import of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
India5.42.52.56.24.7%
China5.63.22.73.7-12.9%
United States3.02.11.02.0-12.6%
Thailand0.30.10.10.2-12.6%
United Kingdom0.71.4N/AN/A100.0%
Others1.20.80.30.4-30.7%
Total16.210.16.612.5-8.3%

Top Suppliers of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof to the Philippines in 2022:

  1. United States (311.2 tons)
  2. India (188.3 tons)
  3. China (132.0 tons)
  4. Thailand (19.5 tons)

Exports of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines

Exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves from the Philippines declined sharply to 2 kg in 2022, with a decrease of -33.3% compared with 2021. Over the period under review, exports faced a sharp descent.

In value terms, exports of antibiotics; penicillins and their derivatives with a penicillanic acid structure; salts thereoves shrank remarkably to $232 in 2022. Overall, exports faced a dramatic downturn.

Export of Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof in the Philippines (USD)
COUNTRY20212022CAGR,
2021-2022
IrelandN/A2320%
Singapore741N/A0%
OthersN/AN/A0%
Total741232-68.7%

Top Export Markets for Antibiotics; Penicillins and Their Derivatives with A Penicillanic Acid Structure; Salts Thereof from the Philippines in 2022:

  1. Ireland (2.0 kg)

Source: IndexBox Market Intelligence Platform

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