Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines - 2022

Contents:

1. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines (CIF) - 2022
2. Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines (FOB) - 2022
3. Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines
4. Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines (CIF) - 2022

In 2022, the average import price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds amounted to $4,319 per ton, reducing by -2.9% against the previous year. Over the period under review, the import price showed a perceptible reduction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31%. Over the period under review, average import prices reached the peak figure at $6,918 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Singapore ($15,083 per ton), while the price for Taiwan (Chinese) ($663 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.8%), while the prices for the other major suppliers experienced a decline.

Price for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines (FOB) - 2022

In 2022, the average export price for laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds amounted to $113,470 per ton, increasing by 15% against the previous year. In general, the export price saw resilient growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 308%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($129,363 per ton), while the average price for exports to Singapore ($12,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines

In 2022, purchases abroad of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds decreased by -4.4% to 638 tons, falling for the second consecutive year after two years of growth. In general, imports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, imports reached the peak of 969 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds reduced to $2.8M in 2022. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 27% against the previous year. As a result, imports attained the peak of $4.5M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated to the Philippines in 2022:

1. India (174.3 tons)
2. Japan (88.8 tons)
3. Taiwan (Chinese) (73.2 tons)
4. China (69.8 tons)
5. Germany (53.5 tons)
6. United States (44.7 tons)
7. Mexico (26.3 tons)
8. Singapore (20.8 tons)
9. Spain (18.4 tons)
10. Italy (17.2 tons)
11. Indonesia (7.5 tons)
12. Hong Kong SAR (7.2 tons)

Exports of Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated in the Philippines

In 2022, exports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds from the Philippines declined rapidly to 741 kg, which is down by -27.1% against the previous year's figure. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 43%.

In value terms, exports of laboratory, hygienic or pharmaceutical glassware, whether or not graduated or calibrateds contracted markedly to $84K in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +8.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports reached the peak of $100K, and then reduced dramatically in the following year.

Top Export Markets for Laboratory, Hygienic or Pharmaceutical Glassware, Whether or Not Graduated or Calibrated from the Philippines in 2022:

1. Japan (350.0 kg)
2. China (333.0 kg)
3. Thailand (51.0 kg)
4. Singapore (1.0 kg)
5. Oman (1.0 kg)

Source: IndexBox Market Intelligence Platform