Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the Philippines - 2023
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the Philippines (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the Philippines
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the Philippines (CIF) - 2022
In 2022, the average import price for acids; saturated acyclic monocarboxylic acids; vinyl acetates amounted to $1,927 per ton, increasing by 44% against the previous year. Over the period under review, the import price saw a strong increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 74% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
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 ($11,185 per ton), while the price for Taiwan (Chinese) ($728 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+40.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the Philippines
In 2022, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates into the Philippines rose rapidly to 4.9K tons, picking up by 6.8% on the previous year. Overall, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 56%.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; vinyl acetates surged to $9.5M in 2022. Over the period under review, imports enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 171%. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
Import of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 4.8 | 1.6 | 5.7 | 6.9 | 12.9% |
China | 1.2 | 0.2 | 0.1 | 2.2 | 22.4% |
South Korea | 0.1 | N/A | 0.2 | 0.4 | 58.7% |
Taiwan (Chinese) | 0.4 | 0.4 | 0.2 | N/A | -29.3% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 6.5 | 2.3 | 6.2 | 9.5 | 13.5% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Vinyl Acetate to the Philippines in 2022:
- Singapore (3756.7 tons)
- China (996.9 tons)
- South Korea (192.7 tons)
- Taiwan (Chinese) (1.2 tons)
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