Key Market Indicators
The import of antibiotics in the Philippines is projected to escalate to approximately $56 million by 2028, up from around $50 million in 2023. This marks an average annual growth rate of 1.6%. Since 2001, the country's demand for antibiotics has increased at an annual rate of 2.1%. On the export front, the scenario is starkly different. In 2018, the Philippines' antibiotics export plummeted to a mere $229, a dramatic drop from the $39,770 recorded the previous year, representing a staggering 99.4% decline compared to 2017.
