Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in the Philippines - 2023

Contents:

  1. Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in the Philippines (CIF) - 2022
  2. Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in the Philippines

Price for Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in the Philippines (CIF) - 2022

The average import price for antibiotics; chloramphenicol and its derivatives; salts thereoves stood at $58,839 per ton in 2022, increasing by 10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 73%. The import price peaked at $64,917 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($112,000 per ton), while the price for South Korea ($15,348 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in the Philippines

In 2022, purchases abroad of antibiotics; chloramphenicol and its derivatives; salts thereoves was finally on the rise to reach 31 tons after two years of decline. Overall, imports enjoyed a perceptible expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of antibiotics; chloramphenicol and its derivatives; salts thereoves soared to $1.8M in 2022. In general, imports saw a modest expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1,5005883081,6052.3%
South Korea1271191051515.9%
India44.238.127.130.8-11.3%
Others67.833.821.121.5-31.8%
Total1,7397794601,8081.3%

Top Suppliers of Antibiotics; Chloramphenicol and Its Derivatives; Salts Thereof to the Philippines in 2022:

  1. China (20.5 tons)
  2. South Korea (9.9 tons)
  3. India (0.3 tons)

Source: IndexBox Market Intelligence Platform

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