Price for Alkaloids, Vegetable; Caffeine and Its Salts in the Philippines - 2023
Contents:
- Price for Alkaloids, Vegetable; Caffeine and Its Salts in the Philippines (CIF) - 2023
- Imports of Alkaloids, Vegetable; Caffeine and Its Salts in the Philippines
Price for Alkaloids, Vegetable; Caffeine and Its Salts in the Philippines (CIF) - 2023
In December 2023, the average import price for alkaloids, vegetable; caffeine and its saltses amounted to $40,930 per ton, with an increase of 271% against the previous month. Over the period under review, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of origin: the country with the highest price was China ($108K per ton), while the price for Singapore totaled $27,047 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+20.9%).
Imports of Alkaloids, Vegetable; Caffeine and Its Salts in the Philippines
In 2022, imports of alkaloids, vegetable; caffeine and its saltses into the Philippines skyrocketed to 173 tons, jumping by 16% compared with the previous year. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 357% 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 near future.
In value terms, imports of alkaloids, vegetable; caffeine and its saltses skyrocketed to $1.6M in 2022. In general, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 180% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Alkaloids, Vegetable; Caffeine and Its Salts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 226 | 251 | 724 | 1,061 | 67.4% |
| China | 99.0 | 93.3 | 276 | 509 | 72.6% |
| Others | 211 | 51.1 | 107 | 50.5 | -37.9% |
| Total | 536 | 396 | 1,108 | 1,620 | 44.6% |
Top Suppliers of Alkaloids, Vegetable; Caffeine and Its Salts to the Philippines in 2022:
- Singapore (145.8 tons)
- China (26.0 tons)
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