Price for Sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenated in the Philippines - 2023

Contents:

1. Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines (CIF) - 2022
2. Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines (FOB) - 2022
3. Imports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines
4. Exports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines

Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines (CIF) - 2022

In 2022, the average import price for sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds amounted to $2,196 per ton, dropping by -16.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2013 an increase of 28% against the previous year. Over the period under review, average import prices attained the peak figure at $2,632 per ton in 2021, and then reduced markedly in the following year.

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 Australia ($5,939 per ton), while the price for South Korea ($847 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines (FOB) - 2022

The average export price for sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds stood at $1,277 per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 168%. Over the period under review, the average export prices hit record highs at $8,571 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($3,858 per ton), while the average price for exports to South Korea amounted to $718 per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines

Imports of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds into the Philippines skyrocketed to 3.9K tons in 2022, growing by 45% compared with 2021 figures. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 95% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds soared to $8.6M in 2022. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 121% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Top Suppliers of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated to the Philippines in 2022:

1. South Korea (2048.4 tons)
2. Japan (598.0 tons)
3. Vietnam (312.0 tons)
4. Australia (243.2 tons)
5. Malaysia (156.2 tons)
6. Poland (154.0 tons)
7. China (146.2 tons)
8. India (52.4 tons)

Exports of Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated in the Philippines

After two years of decline, overseas shipments of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds decreased by 0% to 20 tons in 2022. Overall, exports saw a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of sulphonated, nitrated or nitrosated derivatives of hydrocarbons; whether or not halogenateds amounted to $26K in 2022. Over the period under review, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in the near future.

Top Export Markets for Sulphonated, Nitrated or Nitrosated Derivatives of Hydrocarbons; Whether or Not Halogenated from the Philippines in 2022:

1. South Korea (16.8 tons)
2. Thailand (3.6 tons)

Source: IndexBox Market Intelligence Platform