Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines (CIF) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines (FOB) - 2022
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $4,127 per ton, with an increase of 5.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 25%. The import price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($34,426 per ton), while the price for China ($2,385 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+36.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $2,780 per ton in 2022, picking up by 10% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $3,701 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($5,638 per ton), while the average price for exports to Malaysia ($1,963 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 Thailand (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines
Imports of adhesives; prepared, based on rubber or plastics (including artificial resins) into the Philippines reduced slightly to 10K tons in 2022, with a decrease of -2.2% compared with 2021. Over the period under review, imports continue to indicate a slight decline. The growth pace was the most rapid in 2021 with an increase of 25%.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) expanded modestly to $43M in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.1 | 11.6 | 14.8 | 17.2 | 6.8% |
| South Korea | 2.8 | 7.0 | 7.8 | 9.2 | 48.7% |
| Japan | 6.2 | 4.4 | 5.2 | 4.5 | -10.1% |
| Malaysia | 2.2 | 1.9 | 2.6 | 3.0 | 10.9% |
| United States | 4.4 | 1.5 | 3.7 | 2.6 | -16.1% |
| Taiwan (Chinese) | 1.2 | 0.9 | 1.3 | 1.2 | 0.0% |
| Germany | 1.0 | 0.6 | 1.7 | 1.0 | 0.0% |
| Indonesia | 0.6 | 0.4 | 0.3 | 0.5 | -5.9% |
| Vietnam | 0.6 | 0.4 | 0.5 | 0.4 | -12.6% |
| Others | 3.2 | 3.6 | 3.9 | 3.5 | 3.0% |
| Total | 36.3 | 32.5 | 41.9 | 43.0 | 5.8% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to the Philippines in 2022:
- China (7.2K tons)
- Malaysia (1.1K tons)
- Japan (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- South Korea (0.3K tons)
- United States (0.2K tons)
- Germany (0.2K tons)
- Indonesia (0.1K tons)
- Vietnam (0.1K tons)
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines
In 2022, approx. 995 tons of adhesives; prepared, based on rubber or plastics (including artificial resins) were exported from the Philippines; jumping by 42% against the previous year's figure. Over the period under review, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 173% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) skyrocketed to $2.8M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 182% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 710 | 102 | 402 | 1,985 | 40.9% |
| Malaysia | 254 | 146 | 867 | 315 | 7.4% |
| Australia | 161 | 74.7 | 155 | 229 | 12.5% |
| South Korea | 0.1 | 29.6 | 64.0 | 140 | 1018.7% |
| Vietnam | 93.7 | 26.2 | 39.1 | 21.4 | -38.9% |
| Thailand | 228 | 192 | N/A | 13.0 | -61.5% |
| Singapore | 29.8 | 0.3 | 105 | 2.2 | -58.0% |
| Others | 44.2 | 55.6 | 135 | 60.9 | 11.3% |
| Total | 1,520 | 626 | 1,768 | 2,766 | 22.1% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from the Philippines in 2022:
- India (656.9 tons)
- Malaysia (160.5 tons)
- Australia (110.2 tons)
- South Korea (42.3 tons)
- Vietnam (4.8 tons)
- Thailand (2.3 tons)
- Singapore (1.2 tons)
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This report provides an in-depth analysis of the market for prepared glues and other prepared adhesives in the Philippines.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
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Discover the top import markets for prepared glues and other prepared adhesives, including China, Germany, Vietnam, and the United States. Gain insights into market statistics and trends. Explore the significance of prepared adhesives in various industries.
