Philippines - Polymethyl Methacrylate In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPolymethyl Methacrylate Price in the Philippines - 2023
Contents:
- Polymethyl Methacrylate Price in the Philippines (CIF) - 2022
- Polymethyl Methacrylate Price in the Philippines (FOB) - 2022
- Polymethyl Methacrylate Imports in the Philippines
- Polymethyl Methacrylate Exports in the Philippines
Polymethyl Methacrylate Price in the Philippines (CIF) - 2022
The average polymethyl methacrylate import price stood at $3,885 per ton in 2022, shrinking by -11.7% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polymethyl methacrylate import price increased by +52.3% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. As a result, import price reached the peak level of $4,402 per ton, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($5,329 per ton), while the price for Indonesia ($1,291 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Polymethyl Methacrylate Price in the Philippines (FOB) - 2022
The average polymethyl methacrylate export price stood at $1,132 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 53% against the previous year. As a result, the export price reached the peak level of $3,435 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($1,161 per ton), while the average price for exports to Hong Kong SAR ($1,090 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+21.5%), while the prices for the other major destinations experienced a decline.
Polymethyl Methacrylate Imports in the Philippines
After two years of decline, overseas purchases of polymethyl methacrylate in primary forms increased by 61% to 2.6K tons in 2022. Over the period under review, imports, however, saw a deep reduction.
In value terms, polymethyl methacrylate imports skyrocketed to $10M in 2022. Overall, imports, however, recorded a deep reduction.
| Import of Polymethyl Methacrylate in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4,217 | 2,469 | 3,951 | 4,070 | -1.2% |
| South Korea | 5,427 | 1,468 | 253 | 3,222 | -16.0% |
| Singapore | 765 | 356 | 695 | 615 | -7.0% |
| Taiwan (Chinese) | 614 | 426 | 243 | 586 | -1.5% |
| Italy | 352 | 390 | 683 | 474 | 10.4% |
| Malaysia | 196 | 96.1 | 175 | 87.5 | -23.6% |
| India | 128 | 70.2 | 183 | 82.9 | -13.5% |
| China | 199 | 273 | 404 | 63.3 | -31.7% |
| Indonesia | 53.3 | 59.9 | N/A | 62.4 | 5.4% |
| Others | 690 | 531 | 560 | 882 | 8.5% |
| Total | 12,640 | 6,140 | 7,147 | 10,146 | -7.1% |
Top Suppliers of Polymethyl Methacrylate to the Philippines in 2022:
- South Korea (988.7 tons)
- Japan (838.7 tons)
- Taiwan (Chinese) (258.7 tons)
- Singapore (243.2 tons)
- Italy (88.9 tons)
- Indonesia (48.3 tons)
- India (44.2 tons)
- Malaysia (18.3 tons)
- China (10.4 tons)
Polymethyl Methacrylate Exports in the Philippines
In 2022, shipments abroad of polymethyl methacrylate in primary forms decreased by -58.2% to 232 tons, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 32%. As a result, the exports attained the peak of 1.8K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, polymethyl methacrylate exports dropped remarkably to $263K in 2022. In general, exports faced a significant curtailment. The smallest decline of -2.6% was in 2020.
| Export of Polymethyl Methacrylate in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,534 | 1,499 | 473 | 154 | -53.5% |
| Hong Kong SAR | N/A | N/A | N/A | 97.2 | 0% |
| Malaysia | N/A | 15.0 | 27.0 | 11.4 | -12.8% |
| Others | 25.9 | 5.7 | 2.2 | N/A | -70.9% |
| Total | 1,559 | 1,520 | 502 | 263 | -44.7% |
Top Export Markets for Polymethyl Methacrylate from the Philippines in 2022:
- China (132.8 tons)
- Hong Kong SAR (89.2 tons)
- Malaysia (10.0 tons)
This report provides an in-depth analysis of the polymethyl methacrylate 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 20165350 - Polymethyl methacrylate, in primary forms
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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