Philippines: Market for Medicaments Of Other Antibiotics 2022

Market Size for Medicaments Of Other Antibiotics in the Philippines

The Philippine medicaments of other antibiotics market fell to $X in 2021, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a resilient increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Medicaments Of Other Antibiotics

Exports from the Philippines

For the third consecutive year, the Philippines recorded decline in shipments abroad of medicaments of other antibiotics, which decreased by -X% to X tons in 2021. Overall, exports showed a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, medicaments of other antibiotics exports declined notably to $X in 2021. Over the period under review, exports showed a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for medicaments of other antibiotics exports from the Philippines, accounting for a X% share of total exports. Moreover, medicaments of other antibiotics exports to Singapore exceeded the volume sent to the second major destination, Palau (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Singapore totaled +X%.

In value terms, Singapore ($X) remains the key foreign market for medicaments of other antibiotics exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Palau ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore amounted to +X%.

Export Prices by Country

The average medicaments of other antibiotics export price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the export price saw a resilient expansion. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Palau ($X per ton), while the average price for exports to Singapore totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Palau (-X%).

Imports of Medicaments Of Other Antibiotics

Imports into the Philippines

In 2021, the amount of medicaments of other antibiotics imported into the Philippines contracted to X tons, declining by -X% on 2020 figures. Over the period under review, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, medicaments of other antibiotics imports contracted to $X in 2021. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest medicaments of other antibiotics supplier to the Philippines, with a X% share of total imports. Moreover, medicaments of other antibiotics imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. Thailand (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and Thailand (+X% per year).

In value terms, India ($X) constituted the largest supplier of medicaments of other antibiotics to the Philippines, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Pakistan, with a X% share.

From 2012 to 2021, the average annual growth rate of value from India totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and Pakistan (+X% per year).

Import Prices by Country

The average medicaments of other antibiotics import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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