Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in the Philippines - 2023
Contents:
- Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in the Philippines (CIF) - 2022
- Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in the Philippines
Price for Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in the Philippines (CIF) - 2022
The average import price for hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s stood at $404,744 per ton in 2022, with an increase of 24% against the previous year. In general, the import price, however, recorded a mild downturn. Over the period under review, average import prices hit record highs at $478,137 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,181,662 per ton), while the price for India ($168,076 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in the Philippines
In 2022, supplies from abroad of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s was finally on the rise to reach 2.5 tons after two years of decline. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of hormones; cortisone, hydrocortisone, prednisone (dehydrocortisone) and prednisolone (dehydrohydrocortisone)s surged to $1M in 2022. In general, imports enjoyed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 669 | 389 | 234 | 820 | 7.0% |
| United States | 12.2 | 70.3 | 4.6 | 91.0 | 95.4% |
| India | 83.5 | 70.4 | 54.1 | 57.8 | -11.5% |
| Singapore | 35.4 | 75.3 | 1.9 | 27.8 | -7.7% |
| Others | 42.4 | 34.9 | 26.0 | 6.3 | -47.0% |
| Total | 843 | 640 | 321 | 1,003 | 6.0% |
Top Suppliers of Hormones; Cortisone, Hydrocortisone, Prednisone (Dehydrocortisone) and Prednisolone (Dehydrohydrocortisone) to the Philippines in 2022:
- China (1970.0 kg)
- India (344.0 kg)
- Singapore (82.0 kg)
- United States (77.0 kg)
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