Price for Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines - 2023

Contents:

1. Price for Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines (FOB) - 2022
2. Price for Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines (CIF) - 2022
3. Exports of Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines
4. Imports of Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines

Price for Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines (FOB) - 2022

In 2022, the average pharmaceutical goods; waste pharmaceuticals export price amounted to $226,833 per ton, surging by 36% against the previous year. Overall, the export price posted significant growth. The growth pace was the most rapid in 2015 an increase of 5,492% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +676.1% per year.

Price for Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines (CIF) - 2022

In 2022, the average pharmaceutical goods; waste pharmaceuticals import price amounted to $23,499 per ton, falling by -53.5% against the previous year. In general, the import price recorded a sharp decrease. The growth pace was the most rapid in 2020 when the average import price increased by 289% against the previous year. Over the period under review, average import prices reached the peak figure at $187,199 per ton in 2017; however, from 2018 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 Germany ($705,000 per ton), while the price for China ($12,127 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+71.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines

In 2022, approx. 24 kg of pharmaceutical goods; waste pharmaceuticalses were exported from the Philippines; reducing by -92.9% on 2021 figures. In general, exports recorded a precipitous curtailment. The smallest decline of -51.8% was in 2021.

In value terms, pharmaceutical goods; waste pharmaceuticals exports shrank dramatically to $5.4K in 2022. Over the period under review, exports faced a sharp decline. The smallest decline of -9.7% was in 2021.

Top Export Markets for Pharmaceutical Goods; Waste Pharmaceuticals from the Philippines in 2022:

1. Vietnam (24.0 kg)

Imports of Pharmaceutical Goods; Waste Pharmaceuticals in the Philippines

For the fourth consecutive year, the Philippines recorded growth in overseas purchases of pharmaceutical goods; waste pharmaceuticalses, which increased by 123% to 1.2 tons in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 700% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, pharmaceutical goods; waste pharmaceuticals imports stood at $28K in 2022. Over the period under review, imports posted significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 2,506% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Pharmaceutical Goods; Waste Pharmaceuticals to the Philippines in 2022:

1. China (1013.0 kg)
2. Australia (91.0 kg)
3. Ireland (37.0 kg)
4. Bulgaria (35.0 kg)

Source: IndexBox Market Intelligence Platform