Price for Acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esters in the Philippines - 2023
Contents:
- Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in the Philippines (CIF) - 2022
- Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in the Philippines
Price for Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in the Philippines (CIF) - 2022
In 2022, the average import price for acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses amounted to $22,697 per ton, picking up by 34% against the previous year. Over the period under review, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 130%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($124,077 per ton), while the price for Japan ($15,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+32.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in the Philippines
In 2022, approx. 2.3 tons of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses were imported into the Philippines; increasing by 6.4% against the previous year. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 425% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, imports of acids; acyclic polycarboxylic acids; azelaic acid, sebacic acid, their salts and esterses soared to $52K in 2022. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 118%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 8.0 | 0.6 | 3.8 | 19.2 | 33.9% |
| China | N/A | 15.9 | 10.4 | 17.3 | 4.3% |
| Japan | N/A | 0.3 | 16.0 | 15.8 | 625.7% |
| Others | N/A | 0.1 | 6.6 | N/A | 6500.0% |
| Total | 8.0 | 16.9 | 36.8 | 52.3 | 87.0% |
Top Suppliers of Acids; Acyclic Polycarboxylic Acids; Azelaic Acid, Sebacic Acid, Their Salts and Esters to the Philippines in 2022:
- China (1100.0 kg)
- Japan (1048.0 kg)
- Taiwan (Chinese) (155.0 kg)
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