Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines - 2023

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines (FOB) - 2022
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines (CIF) - 2022
3. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines
4. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines (FOB) - 2022

The average export price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $7,672 per ton in 2022, declining by -93.5% against the previous year. In general, the export price saw a dramatic decrease. Over the period under review, the average export prices reached the peak figure at $118,537 per ton in 2021, and then fell sharply in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($6,942 per ton), while the average price for exports to Singapore ($5,800 per ton) was amongst the lowest.

From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines (CIF) - 2022

In 2022, the average import price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $7,376 per ton, with a decrease of -48.7% against the previous year. Over the period under review, the import price faced a dramatic decrease. The most prominent rate of growth was recorded in 2019 an increase of 28% against the previous year. The import price peaked at $34,760 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($47,960 per ton), while the price for China ($6,105 per ton) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.0%), while the prices for the other major suppliers experienced a decline.

Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines

In 2022, approx. 346 tons of pharmaceutical goods; appliances identifiable for ostomy uses were exported from the Philippines; growing by 51,444% on 2021 figures. In general, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses soared to $2.7M in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from the Philippines in 2022:

1. Spain (201.4 tons)
2. Germany (99.6 tons)
3. Singapore (41.8 tons)

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in the Philippines

For the fourth consecutive year, the Philippines recorded growth in overseas purchases of pharmaceutical goods; appliances identifiable for ostomy uses, which increased by 60% to 61 tons in 2022. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 147%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses declined rapidly to $453K in 2022. In general, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 62% against the previous year. As a result, imports reached the peak of $647K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to the Philippines in 2022:

1. China (54.0 tons)
2. United Kingdom (6.0 tons)
3. Japan (0.9 tons)

Source: IndexBox Market Intelligence Platform