Philippines: X-Ray Examination Preparations Market 2025

X-Ray Examination Preparations Market Size in the Philippines

The Philippine x-ray examination preparations market skyrocketed to $X in 2022, picking up by 144% 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). Over the period under review, consumption enjoyed moderate growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

X-Ray Examination Preparations Exports

Exports from the Philippines

In 2022, approx. X tons of opacifying preparations for x-ray examinations were exported from the Philippines; which is down by -97% on the previous year. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 15,076% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, x-ray examination preparations exports fell sharply to $X in 2022. Over the period under review, exports, however, showed a moderate increase. The pace of growth appeared the most rapid in 2021 when exports increased by 2,588% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X kg), India (X kg) and the United States (X kg) were the main destinations of x-ray examination preparations exports from the Philippines, with a combined 35% share of total exports. Panama, Turkey, Germany, Ireland, Italy, Vietnam, Austria, Poland, Chile and Indonesia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +300.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for x-ray examination preparations exported from the Philippines were Ireland ($X), Italy ($X) and the United States ($X), with a combined 39% share of total exports.

Ireland, with a CAGR of +379.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average x-ray examination preparations export price stood at $X per ton in 2022, picking up by 301% against the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 1,098%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+35.4%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Examination Preparations Imports

Imports into the Philippines

In 2022, overseas purchases of opacifying preparations for x-ray examinations were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2015 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, x-ray examination preparations imports skyrocketed to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Austria (X tons), Italy (X tons) and South Korea (X tons) were the main suppliers of x-ray examination preparations imports to the Philippines, with a combined 57% share of total imports. Ireland, Germany, Singapore, China, Australia, Canada and Japan lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +46.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest x-ray examination preparations suppliers to the Philippines were Italy ($X), Austria ($X) and Ireland ($X), together accounting for 49% of total imports. Germany, South Korea, Singapore, Australia, Canada, China and Japan lagged somewhat behind, together accounting for a further 41%.

Canada, with a CAGR of +38.8%, saw the highest growth rate of the value of imports, among 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 x-ray examination preparations import price stood at $X per ton in 2022, surging by 4.3% against the previous year. Over the period under review, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 58% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in years to come.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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