Mullite Price in the Philippines - 2023
Contents:
Mullite Price in the Philippines (CIF) - 2022
The average mullite import price stood at $475 per ton in 2022, with a decrease of -10.1% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 109%. The import price peaked at $680 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($491 per ton), while the price for China stood at $313 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.8%).
Mullite Imports in the Philippines
Mullite imports into the Philippines skyrocketed to 375 tons in 2022, increasing by 49% compared with the previous year. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 2,701%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, mullite imports soared to $178K in 2022. In general, imports posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 3,601% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Mullite in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 9.0 | 3.6 | 123 | 167 | 164.7% |
| China | 31.3 | N/A | N/A | 10.9 | -29.6% |
| Others | N/A | N/A | 10.0 | N/A | 0% |
| Total | 40.3 | 3.6 | 133 | 178 | 64.1% |
Top Suppliers of Mullite to the Philippines in 2022:
- Taiwan (Chinese) (340.1 tons)
- China (34.7 tons)
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