Carbonates; Potassium Carbonate Price in the Philippines - 2023
Contents:
- Carbonates; Potassium Carbonate Price in the Philippines (CIF) - 2022
- Carbonates; Potassium Carbonate Price in the Philippines (FOB) - 2022
- Carbonates; Potassium Carbonate Imports in the Philippines
- Carbonates; Potassium Carbonate Exports in the Philippines
Carbonates; Potassium Carbonate Price in the Philippines (CIF) - 2022
The average carbonates; potassium carbonate import price stood at $1,583 per ton in 2022, growing by 50% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbonates; potassium carbonate import price increased by +70.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Singapore ($2,411 per ton), while the price for Taiwan (Chinese) ($1,394 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 (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Carbonates; Potassium Carbonate Price in the Philippines (FOB) - 2022
The average carbonates; potassium carbonate export price stood at $2,824 per ton in 2022, which is down by -35.8% against the previous year. In general, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 103% against the previous year. As a result, the export price attained the peak level of $4,400 per ton, and then contracted rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for New Zealand.
From 2012 to 2022, the rate of growth in terms of prices for New Zealand amounted to +6.5% per year.
Carbonates; Potassium Carbonate Imports in the Philippines
Carbonates; potassium carbonate imports into the Philippines fell to 266 tons in 2022, waning by -14.5% against 2021. In general, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 311 tons, and then shrank in the following year.
In value terms, carbonates; potassium carbonate imports soared to $421K in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Carbonates; Potassium Carbonate in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 119 | 154 | 199 | 205 | 19.9% |
| Taiwan (Chinese) | 71.8 | 67.7 | 28.6 | 112 | 16.0% |
| Singapore | 0.2 | 5.1 | 9.9 | 95.3 | 681.1% |
| Germany | 54.5 | 35.0 | 26.6 | 0.1 | -87.8% |
| China | 6.1 | 7.3 | 5.4 | N/A | -5.9% |
| Belgium | 10.6 | N/A | N/A | N/A | 0% |
| Others | 4.3 | 5.0 | 59.1 | 8.4 | 25.0% |
| Total | 267 | 274 | 328 | 421 | 16.4% |
Top Suppliers of Carbonates; Potassium Carbonate to the Philippines in 2022:
- Germany (undefined tons)
- South Korea (144.0 tons)
- Taiwan (Chinese) (80.0 tons)
- Singapore (39.5 tons)
Carbonates; Potassium Carbonate Exports in the Philippines
After two years of decline, shipments abroad of carbonates; potassium carbonates increased by 70% to 17 kg in 2022. Over the period under review, exports, however, saw a sharp slump.
In value terms, carbonates; potassium carbonate exports expanded markedly to $48 in 2022. Overall, exports, however, continue to indicate a abrupt slump.
| Export of Carbonates; Potassium Carbonate in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 59.0 | 52.0 | 25.0 | 48.0 | -6.6% |
| Switzerland | N/A | N/A | 19.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 59.0 | 52.0 | 44.0 | 48.0 | -6.6% |
Top Export Markets for Carbonates; Potassium Carbonate from the Philippines in 2022:
- New Zealand (17.0 kg)
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