Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in the Philippines - 2023
Contents:
- Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in the Philippines (CIF) - 2022
- Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in the Philippines
Price for Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in the Philippines (CIF) - 2022
The average import price for hormones; halogenated derivatives or adrenal cortical hormoneses stood at $919,440 per ton in 2022, increasing by 12% against the previous year. Overall, the import price continues to indicate mild growth. The pace of growth appeared the most rapid in 2016 an increase of 163% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($2,663,000 per ton), while the price for the United States ($594,667 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in the Philippines
Imports of hormones; halogenated derivatives or adrenal cortical hormoneses into the Philippines shrank to 175 kg in 2022, which is down by -10.7% compared with the year before. Over the period under review, imports recorded a dramatic decline. The growth pace was the most rapid in 2021 with an increase of 34%.
In value terms, imports of hormones; halogenated derivatives or adrenal cortical hormoneses totaled $161K in 2022. In general, imports showed a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 80% against the previous year.
| Import of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 213 | 66.5 | 54.2 | 72.1 | -30.3% |
| Malaysia | 19.3 | 20.1 | 36.0 | 71.9 | 55.0% |
| Singapore | N/A | 1.2 | 2.2 | 8.0 | 158.2% |
| India | 98.7 | N/A | 0.8 | 2.7 | -69.9% |
| United States | 79.1 | 0.8 | 63.4 | 1.8 | -71.7% |
| Others | 0.9 | 0.7 | 4.0 | 4.4 | 69.7% |
| Total | 411 | 89.2 | 161 | 161 | -26.8% |
Top Suppliers of Hormones; Halogenated Derivatives or Adrenal Cortical Hormones to the Philippines in 2022:
- China (112.0 kg)
- Malaysia (50.0 kg)
- Singapore (7.0 kg)
- United States (3.0 kg)
- India (1.0 kg)
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