Price for Alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivatives in the Philippines - 2023
Contents:
- Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (CIF) - 2022
- Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (FOB) - 2022
- Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
- Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (CIF) - 2022
The average import price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses stood at $22,431 per ton in 2022, reducing by -25.3% against the previous year. Over the period under review, the import price, however, posted a temperate expansion. The growth pace was the most rapid in 2017 when the average import price increased by 61%. The import price peaked at $30,017 per ton in 2021, and then dropped notably in the following year.
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 United States ($37,428 per ton), while the price for South Korea ($1,231 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (FOB) - 2022
In 2022, the average export price for alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses amounted to $8,830 per ton, which is down by -66.5% against the previous year. Overall, the export price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,555% against the previous year. As a result, the export price attained the peak level of $43,891 per ton. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($163,000 per ton), while the average price for exports to Singapore stood at $5,476 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+68.2%).
Imports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
In 2022, purchases abroad of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses was finally on the rise to reach 762 tons after two years of decline. Overall, imports, however, continue to indicate a deep slump.
In value terms, imports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses fell dramatically to $17M in 2022. Over the period under review, imports, however, recorded a abrupt downturn. The smallest decline of -10.4% was in 2020.
| Import of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 9.4 | 8.0 | 7.2 | 7.0 | -9.4% |
| China | 6.7 | 5.3 | 2.5 | 3.1 | -22.7% |
| United States | 4.9 | 6.1 | 4.4 | 2.7 | -18.0% |
| Germany | 0.8 | 0.5 | 0.9 | 1.8 | 31.0% |
| Singapore | 0.5 | 0.4 | 0.3 | 0.3 | -15.7% |
| Japan | 1.9 | 3.1 | 1.0 | 0.3 | -46.0% |
| South Korea | N/A | 0.1 | N/A | N/A | 0% |
| Others | 4.8 | 2.6 | 4.3 | 1.8 | -27.9% |
| Total | 29.0 | 26.0 | 20.6 | 17.1 | -16.1% |
Top Suppliers of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to the Philippines in 2022:
- India (354.3 tons)
- China (181.8 tons)
- Germany (86.2 tons)
- United States (73.3 tons)
- South Korea (15.5 tons)
- Singapore (11.6 tons)
- Japan (9.5 tons)
Exports of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
In 2022, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses from the Philippines skyrocketed to 21 tons, picking up by 909% against 2021 figures. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 5,301%. As a result, the exports attained the peak of 351 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of alcohols; cyclic, and their halogenated, sulphonated, nitrated or nitrosated derivativeses soared to $190K in 2022. Overall, exports posted slight growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,077%. As a result, the exports attained the peak of $2.1M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 170 | N/A | N/A | 115 | -12.2% |
| Russia | N/A | N/A | N/A | 74.5 | 0% |
| South Korea | N/A | 171 | N/A | N/A | 0% |
| Japan | 11.1 | 1,817 | 0.2 | N/A | -86.6% |
| China | N/A | 54.3 | N/A | N/A | 0% |
| United States | N/A | 83.5 | N/A | N/A | 0% |
| Others | N/A | 3.5 | 55.9 | 0.1 | -83.1% |
| Total | 181 | 2,130 | 56.1 | 190 | 1.6% |
Top Export Markets for Alcohols; Cyclic, and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from the Philippines in 2022:
- Singapore (21.0 tons)
- Russia (0.5 tons)
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