Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in the Philippines - 2023
Contents:
- Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in the Philippines (CIF) - 2022
- Imports of Bromides and Bromide Oxides; Other than Item No. 2827.51 in the Philippines
Price for Bromides and Bromide Oxides; Other than Item No. 2827.51 in the Philippines (CIF) - 2022
The average import price for bromides and bromide oxides; other than item no. 2827.51s stood at $3,757 per ton in 2022, which is down by -14.2% against the previous year. In general, the import price, however, enjoyed a strong increase. The growth pace was the most rapid in 2016 when the average import price increased by 89%. Over the period under review, average import prices hit record highs at $7,889 per ton in 2017; however, from 2018 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 Israel ($30,943 per ton), while the price for Singapore ($2,008 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+108.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Bromides and Bromide Oxides; Other than Item No. 2827.51 in the Philippines
In 2022, the amount of bromides and bromide oxides; other than item no. 2827.51s imported into the Philippines skyrocketed to 41 tons, growing by 60% compared with 2021 figures. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 152%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of bromides and bromide oxides; other than item no. 2827.51s surged to $154K in 2022. Overall, imports continue to indicate tangible growth. The most prominent rate of growth was recorded in 2021 with an increase of 117% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Bromides and Bromide Oxides; Other than Item No. 2827.51 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 4.3 | 5.8 | 4.2 | 70.7 | 154.3% |
| India | 23.0 | 5.5 | 11.2 | 57.6 | 35.8% |
| Israel | 40.0 | 9.1 | 7.1 | 26.1 | -13.3% |
| Japan | 3.0 | 5.2 | 18.2 | 0.1 | -67.8% |
| Thailand | N/A | N/A | 2.3 | N/A | 0% |
| South Korea | 20.5 | 7.4 | 14.7 | N/A | -15.3% |
| Germany | 15.8 | 6.9 | 16.3 | N/A | 1.6% |
| China | 6.1 | 2.1 | 16.5 | N/A | 64.5% |
| United Kingdom | 13.2 | 5.7 | 13.6 | N/A | 1.5% |
| Others | 15.1 | 4.1 | 8.4 | N/A | -25.4% |
| Total | 141 | 51.8 | 112 | 154 | 3.0% |
Top Suppliers of Bromides and Bromide Oxides; Other than Item No. 2827.51 to the Philippines in 2022:
- Singapore (35.2 tons)
- India (5.0 tons)
- Israel (0.8 tons)
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