Philippines: Market for Medicaments Of Alkaloids Or Derivatives Thereof 2022

Market Size for Medicaments Of Alkaloids Or Derivatives Thereof in the Philippines

In 2021, the Philippine market for medicaments of alkaloids or derivatives thereof increased by X% to $X, rising for the fifth consecutive year after three years of decline. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Medicaments Of Alkaloids Or Derivatives Thereof

Exports from the Philippines

In 2021, shipments abroad of medicaments of alkaloids or derivatives thereof was finally on the rise to reach X tons after four years of decline. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of medicaments of alkaloids or derivatives thereof soared to $X in 2021. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for exports of medicaments of alkaloids or derivatives thereof from the Philippines, with a X% share of total exports. Moreover, exports of medicaments of alkaloids or derivatives thereof to Vietnam exceeded the volume sent to the second major destination, Malaysia (X tons), threefold. The third position in this ranking was taken by Palau (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Vietnam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-X% per year) and Palau (+X% per year).

In value terms, the largest markets for medicaments of alkaloids or derivatives thereof exported from the Philippines were Vietnam ($X), Malaysia ($X) and Palau ($X), together comprising X% of total exports.

In terms of the main countries of destination, Palau, with a CAGR of +X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Malaysia ($X per ton), while the average price for exports to Palau ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Alkaloids Or Derivatives Thereof

Imports into the Philippines

In 2021, supplies from abroad of medicaments of alkaloids or derivatives thereof increased by X% to X tons, rising for the fourth year in a row after four years of decline. Over the period under review, imports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of medicaments of alkaloids or derivatives thereof expanded sharply to $X in 2021. Overall, imports, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

Greece (X tons), Indonesia (X tons) and Canada (X tons) were the main suppliers of imports of medicaments of alkaloids or derivatives thereof to the Philippines, together comprising X% of total imports. Singapore, Vietnam, the United States, China and France lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in France (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest medicaments of alkaloids or derivatives thereof suppliers to the Philippines were Canada ($X), Indonesia ($X) and the United States ($X), together accounting for X% of total imports. These countries were followed by Greece, Vietnam, France, Singapore and China, which together accounted for a further X terms of the main suppliers, France, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for medicaments of alkaloids or derivatives thereof amounted to $X per ton, remaining constant against the previous year. Overall, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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