Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines - 2023
Contents:
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines (CIF) - 2022
- Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines (FOB) - 2022
- Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines
- Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines (CIF) - 2022
The average import price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $1,351 per ton in 2022, growing by 3.4% against the previous year. In general, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 68% against the previous year. Over the period under review, average import prices attained the peak figure at $2,411 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 ($20,400 per ton), while the price for Thailand ($1,182 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines (FOB) - 2022
The average export price for acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $24,000 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 a decrease of 99.9%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2020 to 2022, the rate of growth in terms of prices for Thailand amounted to +1.1% per year.
Imports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines
In 2022, approx. 273 tons of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were imported into the Philippines; with an increase of 75% compared with the previous year's figure. In general, imports posted a temperate expansion. The most prominent rate of growth was recorded in 2021 with an increase of 270% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, imports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses surged to $369K in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 236% against the previous year.
| Import of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 67.9 | 16.2 | 70.4 | 170 | 35.8% |
| Malaysia | 14.4 | 4.8 | 28.2 | 83.2 | 79.4% |
| China | 25.3 | 7.3 | 20.7 | 61.7 | 34.6% |
| Indonesia | 14.3 | 3.3 | 40.4 | 51.9 | 53.7% |
| Japan | 397 | 21.8 | 20.7 | 1.6 | -84.1% |
| Taiwan (Chinese) | 29.4 | 5.7 | 18.8 | N/A | -20.0% |
| Others | 24.2 | 1.4 | 4.4 | 0.1 | -84.0% |
| Total | 572 | 60.6 | 204 | 369 | -13.6% |
Top Suppliers of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts to the Philippines in 2022:
- Thailand (144.0 tons)
- Malaysia (64.0 tons)
- Indonesia (32.8 tons)
- China (32.0 tons)
- Japan (0.1 tons)
Exports of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines
In 2022, approx. 1 kg of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses were exported from the Philippines; remaining stable against the previous year's figure. In general, exports saw a dramatic decrease. The smallest decline of 99.9% was in 2021.
In value terms, exports of acids; unsaturated acyclic monocarboxylic acids; acrylic acid and its saltses stood at $24 in 2022. Over the period under review, exports faced a dramatic setback. The smallest decline of 99.9% was in 2021.
| Export of Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Thailand | 47.0 | N/A | 24.0 | -28.5% | |
| United Arab Emirates | 2.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 49.0 | N/A | 24.0 | -30.0% | |
Top Export Markets for Acids; Unsaturated Acyclic Monocarboxylic Acids; Acrylic Acid and Its Salts from the Philippines in 2022:
- Thailand (1.0 kg)
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