Report Update: May 1, 2024

Philippines - Medicaments Of Other Antibiotics - Market Analysis, Forecast, Size, Trends And Insights

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Price for Medicaments of Other Antibiotics in the Philippines - 2023

Price for Medicaments of Other Antibiotics in the Philippines (CIF) - 2023

In November 2023, the average medicaments of other antibiotics import price amounted to $7,554 per ton, waning by -29% against the previous month. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in August 2023 when the average import price increased by 105% m-o-m. As a result, import price reached the peak level of $23,939 per ton. From September 2023 to November 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was India ($52,564 per ton), while the price for Argentina ($2,173 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Medicaments of Other Antibiotics in the Philippines (FOB) - 2022

The average medicaments of other antibiotics export price stood at $16,423 per ton in 2022, reducing by -47.1% against the previous year. In general, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2013 an increase of 654% against the previous year. The export price peaked at $117,686 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Palau ($115,852 per ton), while the average price for exports to Papua New Guinea totaled $4,880 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Medicaments of Other Antibiotics in the Philippines

In 2022, approx. 4.3K tons of medicaments of other antibiotics were imported into the Philippines; with an increase of 6.7% against the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 13%. As a result, imports attained the peak of 4.4K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, medicaments of other antibiotics imports rose significantly to $82M in 2022. In general, imports, however, saw a mild decrease.

Import of Medicaments of Other Antibiotics in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	13.2	12.0	18.8	17.6	10.1%
China	9.0	10.0	7.5	12.6	11.9%
Indonesia	8.2	5.2	6.0	4.9	-15.8%
United Kingdom	6.6	3.4	2.3	4.2	-14.0%
Thailand	2.7	1.3	2.3	3.6	10.1%
France	2.2	4.1	2.3	1.9	-4.8%
Spain	1.6	1.5	1.4	1.5	-2.1%
Malaysia	1.0	0.7	0.6	1.1	3.2%
Pakistan	6.0	5.1	6.4	0.7	-51.1%
Taiwan (Chinese)	0.5	0.8	0.3	0.6	6.3%
Others	33.9	34.9	23.8	32.9	-1.0%
Total	84.9	79.1	71.6	81.6	-1.3%

Top Suppliers of Medicaments of Other Antibiotics to the Philippines in 2022:

China (2627.2 tons)
India (506.8 tons)
Thailand (383.5 tons)
Spain (99.5 tons)
United Kingdom (71.5 tons)
Malaysia (68.5 tons)
Taiwan (Chinese) (68.3 tons)
France (67.2 tons)
Indonesia (41.2 tons)
Pakistan (23.8 tons)

Exports of Medicaments of Other Antibiotics in the Philippines

In 2022, overseas shipments of medicaments of other antibiotics decreased by -94.8% to 260 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 277%. As a result, the exports attained the peak of 32 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, medicaments of other antibiotics exports declined remarkably to $4.3K in 2022. In general, exports continue to indicate a significant decrease. The pace of growth was the most pronounced in 2020 when exports increased by 204%. As a result, the exports attained the peak of $1.4M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Medicaments of Other Antibiotics in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Palau	N/A	N/A	12.2	3.1	-74.6%
Papua New Guinea	N/A	N/A	1.0	1.1	10.0%
Hong Kong SAR	329	877	N/A	N/A	166.6%
Thailand	N/A	141	N/A	N/A	0%
Vietnam	33.0	34.7	N/A	N/A	5.2%
Malaysia	N/A	89.8	N/A	N/A	0%
Cambodia	N/A	22.8	N/A	N/A	0%
Oman	93.5	215	N/A	N/A	129.9%
Northern Mariana Islands	N/A	5.7	N/A	N/A	0%
Others	18.9	53.7	141	N/A	173.1%
Total	474	1,441	154	4.3	-79.1%

Top Export Markets for Medicaments of Other Antibiotics from the Philippines in 2022:

Papua New Guinea (234.0 kg)
Palau (27.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for medicaments of other antibiotics in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 21201150 - Medicaments of other antibiotics, n.p.r.s.
Prodcom 21201180 - Medicaments of other antibiotics, p.r.s.

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023