Philippines - Ethylene - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Price in the Philippines - 2023
Contents:
- Ethylene Price in the Philippines (FOB) - 2021
- Ethylene Price in the Philippines (CIF) - 2022
- Ethylene Exports in the Philippines
- Ethylene Imports in the Philippines
Ethylene Price in the Philippines (FOB) - 2021
In November 2021, the average ethylene export price amounted to $1,030 per ton, approximately mirroring the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2021 when the average export price increased by 1% against the previous month. As a result, the export price attained the peak level of $1,060 per ton. From June 2021 to November 2021, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From April 2021 to November 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -0.3% per month.
Ethylene Price in the Philippines (CIF) - 2022
In 2022, the average ethylene import price amounted to $775 per ton, surging by 23% against the previous year. In general, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene import price decreased by -30.4% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of 53%. The import price peaked at $1,113 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($881 per ton), while the price for Iran ($167 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Papua New Guinea (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ethylene Exports in the Philippines
After two years of decline, shipments abroad of ethylene decreased by -50% to 8.2K tons in 2022. Overall, exports saw a abrupt contraction.
In value terms, ethylene exports shrank sharply to $8.6M in 2022. Over the period under review, exports recorded a abrupt decline.
| Export of Ethylene in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.5 | 1.2 | 10.9 | 7.3 | 3.9% |
| Taiwan (Chinese) | 3.8 | 3.6 | 5.4 | 3.6 | -1.8% |
| South Korea | 0.4 | 1.2 | 1.0 | 0.6 | 14.5% |
| Others | N/A | -6.0 | N/A | -3.0 | -29.3% |
| Total | 10.7 | N/A | 17.2 | 8.6 | -7.0% |
Top Export Markets for Ethylene from the Philippines in 2022:
- China (7.2K tons)
- Taiwan (Chinese) (3.9K tons)
- South Korea (0.9K tons)
Ethylene Imports in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of ethylene, which decreased by -3.2% to 2K tons in 2022. Overall, imports faced a precipitous decrease.
In value terms, ethylene imports skyrocketed to $1.6M in 2022. In general, imports showed a dramatic descent.
| Import of Ethylene in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 24.9 | 12.5 | 0.5 | 0.2 | -80.0% |
| India | 13.1 | 16.7 | 0.4 | 0.1 | -80.3% |
| Thailand | 7.9 | 8.0 | 0.3 | 0.1 | -76.7% |
| South Korea | 5.2 | 4.7 | 0.1 | N/A | -86.1% |
| Qatar | 2.7 | 1.4 | N/A | N/A | -48.1% |
| Oman | 1.6 | 1.4 | N/A | N/A | -12.5% |
| Iran | 1.8 | 1.4 | N/A | N/A | -22.2% |
| Saudi Arabia | 1.4 | 1.2 | N/A | N/A | -14.3% |
| Others | 3.4 | 1.1 | N/A | 1.1 | -31.4% |
| Total | 62.0 | 48.3 | 1.3 | 1.6 | -70.4% |
Top Suppliers of Ethylene to the Philippines in 2022:
- United Arab Emirates (232.1 tons)
- Thailand (231.7 tons)
- India (114.0 tons)
- Iran (61.4 tons)
- South Korea (52.9 tons)
- Qatar (20.3 tons)
- Saudi Arabia (13.2 tons)
This report provides an in-depth analysis of the ethylene market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141130 - Ethylene
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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