Dithionites and Sulphoxylates Price in the Philippines - 2023
Contents:
- Dithionites and Sulphoxylates Price in the Philippines (CIF) - 2022
- Dithionites and Sulphoxylates Imports in the Philippines
Dithionites and Sulphoxylates Price in the Philippines (CIF) - 2022
The average dithionites and sulphoxylates import price stood at $1,563 per ton in 2022, growing by 33% against the previous year. Overall, the import price enjoyed a modest expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,420 per ton), while the price for China ($1,236 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Dithionites and Sulphoxylates Imports in the Philippines
In 2022, overseas purchases of dithionites and sulphoxylateses increased by 132% to 531 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, dithionites and sulphoxylates imports skyrocketed to $830K in 2022. In general, imports recorded significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Dithionites and Sulphoxylates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 332 | 157 | 164 | 629 | 23.7% |
| Japan | 5.3 | 3.5 | 2.2 | 172 | 219.0% |
| United States | 15.4 | 12.3 | 11.0 | 0.3 | -73.1% |
| South Korea | 20.6 | 17.8 | 17.1 | N/A | -8.9% |
| Others | 71.7 | 39.8 | 73.7 | 28.9 | -26.1% |
| Total | 445 | 230 | 268 | 830 | 23.1% |
Top Suppliers of Dithionites and Sulphoxylates to the Philippines in 2022:
- China (508.6 tons)
- Japan (16.5 tons)
- United States (0.2 tons)
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