Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines - 2023
Contents:
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines (CIF) - 2022
- Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines (FOB) - 2022
- Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines
- Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines (CIF) - 2022
The average import price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $19,539 per ton in 2022, waning by -23.1% against the previous year. Overall, the import price showed a noticeable slump. The pace of growth was the most pronounced in 2018 when the average import price increased by 49%. The import price peaked at $29,293 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 the UK ($27,226 per ton), while the price for Germany ($9,982 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines (FOB) - 2022
The average export price for alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol stood at $21,218 per ton in 2022, falling by -7.2% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 an increase of 99% against the previous year. Over the period under review, the average export prices attained the maximum at $46,502 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to -4.7% per year.
Imports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines
In 2022, purchases abroad of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol was finally on the rise to reach 539 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt downturn.
In value terms, imports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol reached $11M in 2022. Overall, imports, however, recorded a abrupt shrinkage.
| Import of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.3 | 8.7 | 6.6 | 6.2 | -12.6% |
| China | 6.3 | 4.8 | 2.0 | 3.3 | -19.4% |
| United Kingdom | 0.4 | 0.4 | 0.3 | 0.3 | -9.1% |
| Japan | 1.8 | 1.4 | 0.7 | 0.2 | -51.9% |
| Germany | 0.4 | 0.4 | 0.3 | 0.2 | -20.6% |
| Others | 0.2 | 0.2 | 0.5 | 0.3 | 14.5% |
| Total | 18.4 | 15.9 | 10.4 | 10.5 | -17.1% |
Top Suppliers of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol to the Philippines in 2022:
- India (271.0 tons)
- China (198.0 tons)
- Germany (17.8 tons)
- Japan (15.8 tons)
- United Kingdom (10.5 tons)
Exports of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines
Exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol from the Philippines skyrocketed to 4.2 tons in 2022, jumping by 111% against 2021 figures. Over the period under review, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of alcohols; cyclanic, cyclenic or cycloterpenic and derivatives, menthol soared to $89K in 2022. Overall, exports, however, showed a drastic downturn.
| Export of Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 117 | 133 | 45.7 | 89.3 | -8.6% |
| Others | 5.8 | N/A | N/A | 0.1 | -74.2% |
| Total | 122 | 133 | 45.7 | 89.3 | -9.9% |
Top Export Markets for Alcohols; Cyclanic, Cyclenic or Cycloterpenic and Derivatives, Menthol from the Philippines in 2022:
- Indonesia (4.2 tons)
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