Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the Philippines - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the Philippines (CIF) - 2022
- Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the Philippines
Price for Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the Philippines (CIF) - 2022
The average import price for acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses stood at $2,568 per ton in 2022, surging by 84% against the previous year. In general, the import price showed a modest expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Japan ($3,110 per ton), while the price for Taiwan (Chinese) ($1,298 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the Philippines
In 2022, purchases abroad of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses decreased by -41.4% to 267 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a precipitous curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. As a result, imports reached the peak of 1.2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of acids; aromatic polycarboxylic acids; other esters of orthophthalic acidses rose significantly to $687K in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 with an increase of 25%. As a result, imports reached the peak of $1.1M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 87.9 | 256 | 235 | 484 | 76.6% |
| South Korea | 74.4 | 214 | 84.6 | 77.5 | 1.4% |
| Taiwan (Chinese) | 287 | 618 | 233 | 73.8 | -36.4% |
| United States | 145 | 0.2 | 64.7 | 51.5 | -29.2% |
| China | 202 | 28.4 | N/A | N/A | -85.9% |
| Malaysia | 74.5 | N/A | N/A | N/A | 0% |
| Indonesia | 37.0 | 18.9 | 18.9 | N/A | -28.5% |
| Others | 9.8 | 7.4 | 0.2 | 0.2 | -72.7% |
| Total | 917 | 1,143 | 637 | 687 | -9.2% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Other Esters of Orthophthalic Acids to the Philippines in 2022:
- Japan (155.6 tons)
- Taiwan (Chinese) (56.9 tons)
- South Korea (38.4 tons)
- United States (16.6 tons)
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