Philippines: Medicaments Containing Penicillin Market 2024

Medicaments Containing Penicillin Market Size in the Philippines

In 2022, after two years of decline, there was growth in the Philippine medicaments containing penicillin market, when its value increased by X% to $X. Overall, consumption saw a pronounced decline. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Medicaments Containing Penicillin Exports

Exports from the Philippines

In 2022, the amount of medicaments containing penicillins or derivatives thereof exported from the Philippines fell sharply to X kg, reducing by X% compared with the year before. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, medicaments containing penicillin exports reduced to $X in 2022. Overall, exports faced a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Micronesia (X kg) was the main destination for medicaments containing penicillin exports from the Philippines, with a X% share of total exports. Moreover, medicaments containing penicillin exports to Micronesia exceeded the volume sent to the second major destination, Marshall Islands (X kg), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Micronesia stood at X%.

In value terms, Micronesia ($X) emerged as the key foreign market for medicaments containing penicillins or derivatives thereof exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Marshall Islands ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Micronesia stood at X%.

Export Prices by Country

The average medicaments containing penicillin export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price recorded a resilient increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Marshall Islands ($X per ton), while the average price for exports to Micronesia stood at $X per ton.

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

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Medicaments Containing Penicillin Imports

Imports into the Philippines

In 2022, supplies from abroad of medicaments containing penicillins or derivatives thereof decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, medicaments containing penicillin imports totaled $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of medicaments containing penicillin to the Philippines, with a X% share of total imports. Moreover, medicaments containing penicillin imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was taken by India (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of medicaments containing penicillins or derivatives thereof to the Philippines, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and the United States (X% per year).

Import Prices by Country

The average medicaments containing penicillin import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price showed a strong expansion. The growth pace was the most rapid in 2020 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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