Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the Philippines - 2023
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the Philippines (CIF) - 2022
- Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the Philippines
Price for Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the Philippines (CIF) - 2022
The average import price for acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses stood at $394 per ton in 2022, falling by -13.5% against the previous year. In general, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 an increase of 28%. The import price peaked at $455 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,186 per ton), while the price for China totaled $337 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.3%).
Imports of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the Philippines
In 2022, overseas purchases of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses were finally on the rise to reach 2.2K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a abrupt decrease.
In value terms, imports of acids; acyclic polycarboxylic acids; oxalic acid, its salts and esterses fell to $868K in 2022. Overall, imports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year.
| Import of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 790 | 632 | 619 | 722 | -3.0% |
| South Korea | 68.7 | 68.7 | 236 | 131 | 24.0% |
| Others | 213 | 100 | 117 | 14.9 | -58.8% |
| Total | 1,071 | 801 | 972 | 868 | -6.8% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Oxalic Acid, Its Salts and Esters to the Philippines in 2022:
- China (2143.1 tons)
- South Korea (60.0 tons)
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