Report Update Nov 1, 2024

Philippines - Gel Preparations for Human or Veterinary Medicine - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Medical Gel Preparations Market 2024

Medical Gel Preparations Market Size in the Philippines

In 2022, the Philippine medical gel preparations market increased by 99% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw strong growth. Medical gel preparations consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Medical Gel Preparations Exports

Exports from the Philippines

For the ninth consecutive year, the Philippines recorded growth in shipments abroad of gel preparations for human or veterinary medicine, which increased by 73% to X kg in 2022. Overall, exports, however, recorded a noticeable contraction. Over the period under review, the exports attained the peak figure at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, medical gel preparations exports totaled $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 74% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Myanmar (X kg) was the main destination for medical gel preparations exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Myanmar amounted to +1,655.0%.

In value terms, Myanmar ($X) emerged as the key foreign market for gel preparations for human or veterinary medicine exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Myanmar stood at +3,521.1%.

Export Prices by Country

In 2022, the average medical gel preparations export price amounted to $X per ton, declining by -39.3% against the previous year. Overall, the export price, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 an increase of 42%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Myanmar amounted to +106.3% per year.

Medical Gel Preparations Imports

Imports into the Philippines

In 2022, supplies from abroad of gel preparations for human or veterinary medicine increased by 92% to X tons, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 214%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, medical gel preparations imports surged to $X in 2022. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2015 when imports increased by 635%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Thailand (X tons) and Malaysia (X tons) were the main suppliers of medical gel preparations imports to the Philippines, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +63.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Thailand ($X) and the United States ($X) were the largest medical gel preparations suppliers to the Philippines, together comprising 59% of total imports.

Thailand, with a CAGR of +40.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average medical gel preparations import price stood at $X per ton in 2022, rising by 8% against the previous year. In general, the import price enjoyed a notable increase. The most prominent rate of growth was recorded in 2015 an increase of 134% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for gel preparations for human or veterinary medicine in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 30% of global consumption. Turkey, the Netherlands, Anguilla, Germany, Pakistan, Russia, Palestine, Myanmar, Brazil and Indonesia lagged somewhat behind, together comprising a further 33%.

What are the largest producers of gel preparations for human or veterinary medicine in the world?

The countries with the highest volumes of in 2021 were China, the United States and Turkey, with a combined 40% share of global production. These countries were followed by India, Thailand, Germany, Russia, Pakistan, Bangladesh, Brazil, Indonesia, Italy and Iran, which together accounted for a further 38%.

What are the leading suppliers of gel preparations for human or veterinary medicine to the Philippines?

In value terms, the largest medical gel preparations suppliers to the Philippines were India, Malaysia and the United States, together comprising 45% of total imports.

What is the average export price for gel preparations for human or veterinary medicine in the Philippines?

The average medical gel preparations export price stood at $1,171 per ton in 2021, shrinking by -98.8% against the previous year.

What is the average import price for gel preparations for human or veterinary medicine in the Philippines?

The average medical gel preparations import price stood at $6,448 per ton in 2021, remaining constant against the previous year.

This report provides an in-depth analysis of the medical gel preparations market 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 32505020 - Gel preparations for use in human or veterinary medicine as a lubricant for surgical operations or physical examinations or as a coupling agent between the body and medical instruments

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
Find deeper insights into current market developments
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