Artificial Graphite Price in the Philippines - 2023

Contents:

1. Artificial Graphite Price in the Philippines (CIF) - 2022
2. Artificial Graphite Price in the Philippines (FOB) - 2022
3. Artificial Graphite Imports in the Philippines
4. Artificial Graphite Exports in the Philippines

Artificial Graphite Price in the Philippines (CIF) - 2022

In 2022, the average artificial graphite import price amounted to $8,456 per ton, reducing by -6.4% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2021 an increase of 67%. The import price peaked at $17,557 per ton in 2014; however, from 2015 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 Germany ($20,941 per ton), while the price for Taiwan (Chinese) ($2,504 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Artificial Graphite Price in the Philippines (FOB) - 2022

The average artificial graphite export price stood at $8,032 per ton in 2022, picking up by 11% against the previous year. In general, the export price, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 91%. Over the period under review, the average export prices reached the peak figure at $12,483 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +10.4% per year.

Artificial Graphite Imports in the Philippines

After two years of decline, purchases abroad of artificial graphite increased by 183% to 18 tons in 2022. Over the period under review, imports, however, showed a dramatic downturn.

In value terms, artificial graphite imports soared to $156K in 2022. Overall, imports, however, continue to indicate a abrupt setback.

Top Suppliers of Artificial Graphite to the Philippines in 2022:

1. China (12.8 tons)
2. Taiwan (Chinese) (3.1 tons)
3. Germany (1.1 tons)
4. Singapore (0.6 tons)
5. Hong Kong SAR (0.5 tons)

Artificial Graphite Exports in the Philippines

In 2022, shipments abroad of artificial graphite decreased by -99.5% to 7 kg, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. As a result, the exports reached the peak of 1.6 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, artificial graphite exports shrank notably to $60 in 2022. In general, exports recorded a significant decline. The pace of growth was the most pronounced in 2021 with an increase of 5.4%. As a result, the exports attained the peak of $11K, and then shrank markedly in the following year.

Top Export Markets for Artificial Graphite from the Philippines in 2022:

1. Singapore (7.0 kg)

Source: IndexBox Market Intelligence Platform