Borates; Peroxoborates (Perborates) Price in the Philippines - 2023
Contents:
- Borates; Peroxoborates (Perborates) Price in the Philippines (CIF) - 2023
- Borates; Peroxoborates (Perborates) Imports in the Philippines
Borates; Peroxoborates (Perborates) Price in the Philippines (CIF) - 2023
The average borates; peroxoborates (perborates) import price stood at $965 per ton in July 2023, shrinking by -51.9% against the previous month. Over the period under review, the import price, however, saw a noticeable increase. The most prominent rate of growth was recorded in September 2022 an increase of 104% against the previous month. Over the period under review, average import prices attained the peak figure at $2,008 per ton in June 2023, and then reduced notably in the following month.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From July 2022 to July 2023, the rate of growth in terms of prices for Turkey amounted to +4.3% per month.
Borates; Peroxoborates (Perborates) Imports in the Philippines
After two years of decline, purchases abroad of borates; peroxoborates (perborates)s increased by 67% to 4.5K tons in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, borates; peroxoborates (perborates) imports skyrocketed to $3.3M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Borates; Peroxoborates (Perborates) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 130 | 315 | 485 | 1,494 | 125.7% |
| United States | 822 | 640 | 383 | 784 | -1.6% |
| China | 610 | 524 | 683 | 340 | -17.7% |
| Malaysia | 296 | 101 | 144 | 292 | -0.5% |
| Peru | 110 | 23.9 | 69.2 | 117 | 2.1% |
| Chile | N/A | N/A | N/A | 100 | 0% |
| Bolivia | 49.5 | 58.6 | 110 | 55.0 | 3.6% |
| Austria | 202 | 200 | 348 | N/A | 31.3% |
| Indonesia | 190 | 187 | 314 | N/A | 28.6% |
| Others | 157 | 150 | 198 | 129 | -6.3% |
| Total | 2,566 | 2,200 | 2,734 | 3,309 | 8.8% |
Top Suppliers of Borates; Peroxoborates (Perborates) to the Philippines in 2022:
- Turkey (2476.8 tons)
- United States (1116.7 tons)
- Malaysia (312.0 tons)
- China (248.5 tons)
- Chile (140.0 tons)
- Peru (84.7 tons)
- Bolivia (84.0 tons)
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