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

Contents:

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

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

In 2022, the average import price for antibiotics; erythromycin and its derivatives; salts thereoves amounted to $109,912 per ton, increasing by 45% against the previous year. Over the period under review, the import price saw a buoyant expansion. The import price peaked at $123,212 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($239,845 per ton), while the price for the Netherlands ($7,080 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, supplies from abroad of antibiotics; erythromycin and its derivatives; salts thereoves increased by 54% to 5.6 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a dramatic setback.

In value terms, imports of antibiotics; erythromycin and its derivatives; salts thereoves surged to $612K in 2022. In general, imports, however, recorded a dramatic decrease.

Import of Antibiotics; Erythromycin and Its Derivatives; Salts Thereof in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China85144567.5261-32.6%
India869593131161-43.0%
Spain26311040.3113-24.5%
Hong Kong SAR55.119.86.114.3-36.2%
Singapore25358.911.710.6-65.3%
Malaysia93.321.62.28.6-54.8%
Netherlands5.11.60.40.9-43.9%
Others67.838.715.742.2-14.6%
Total2,4571,289274612-37.1%

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

  1. China (3452.0 kg)
  2. Spain (815.0 kg)
  3. India (671.0 kg)
  4. Hong Kong SAR (170.0 kg)
  5. Netherlands (125.0 kg)
  6. Malaysia (124.0 kg)
  7. Singapore (68.0 kg)

Source: IndexBox Market Intelligence Platform

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