Philippines - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Philippines - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Polycarboxylic Acid Price in the Philippines - 2023

Contents:

  1. Polycarboxylic Acid Price in the Philippines (CIF) - 2023
  2. Polycarboxylic Acid Price in the Philippines (FOB) - 2022
  3. Polycarboxylic Acid Imports in the Philippines
  4. Polycarboxylic Acid Exports in the Philippines

Polycarboxylic Acid Price in the Philippines (CIF) - 2023

The average polycarboxylic acid import price stood at $1,144 per ton in July 2023, falling by -6.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 34% m-o-m. As a result, import price attained the peak level of $1,538 per ton. From March 2023 to July 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($1,842 per ton), while the price for China ($912 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Polycarboxylic Acid Price in the Philippines (FOB) - 2022

In 2022, the average polycarboxylic acid export price amounted to $2,149 per ton, flattening at the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average export price increased by 193%. The export price peaked at $69,120 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($31,860 per ton), while the average price for exports to Singapore amounted to $1,650 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+8.1%).

Polycarboxylic Acid Imports in the Philippines

Polycarboxylic acid imports into the Philippines contracted rapidly to 22K tons in 2022, waning by -20.1% on 2021. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of 28K tons, and then fell notably in the following year.

In value terms, polycarboxylic acid imports contracted markedly to $31M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports reached the peak of $40M, and then contracted sharply in the following year.

Import of Polycarboxylic Acid in the Philippines (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China6.34.09.99.113.0%
Taiwan (Chinese)8.86.410.48.80.0%
South Korea7.35.510.27.61.4%
Japan3.42.82.83.1-3.0%
Malaysia3.03.15.10.9-33.1%
Others2.01.52.01.7-5.3%
Total30.823.440.331.20.4%

Top Suppliers of Polycarboxylic Acid to the Philippines in 2022:

  1. Taiwan (Chinese) (7.3K tons)
  2. China (6.5K tons)
  3. South Korea (5.8K tons)
  4. Japan (1.4K tons)
  5. Malaysia (0.5K tons)

Polycarboxylic Acid Exports in the Philippines

In 2022, approx. 6.1 tons of polycarboxylic acids were exported from the Philippines; therefore, remained relatively stable against the previous year. Overall, exports continue to indicate a significant increase. The smallest decline of -86.5% was in 2020. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, polycarboxylic acid exports stood at $13K in 2022. In general, exports showed a sharp slump. The smallest decline of -98.7% was in 2020.

Export of Polycarboxylic Acid in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SingaporeN/AN/AN/A9.90%
BrazilN/AN/AN/A3.20%
Japan39.9N/AN/AN/A0%
OthersN/A0.5N/A0.1-55.3%
Total39.90.5N/A13.2-30.8%

Top Export Markets for Polycarboxylic Acid from the Philippines in 2022:

  1. Singapore (6.0 tons)
  2. Brazil (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the polycarboxylic acid 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 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
  • Prodcom 20143385 - Adipic acid, its salts and esters
  • Prodcom 20143387 - Maleic anhydride
  • Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
  • Prodcom 20143420 - Other esters of orthophthalic acid
  • Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
  • Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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