Philippines - Benzaldehyde and other Cyclic Aldehydes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Benzaldehyde and Other Cyclic Aldehydes in the Philippines - 2023
Contents:
- Price for Benzaldehyde and Other Cyclic Aldehydes in the Philippines (FOB) - 2023
- Price for Benzaldehyde and Other Cyclic Aldehydes in the Philippines (CIF) - 2023
- Exports of Benzaldehyde and Other Cyclic Aldehydes in the Philippines
- Imports of Benzaldehyde and Other Cyclic Aldehydes in the Philippines
Price for Benzaldehyde and Other Cyclic Aldehydes in the Philippines (FOB) - 2023
The average export price for benzaldehyde and other cyclic aldehydes without other oxygen function stood at $5,091 per ton in November 2023, shrinking by -5.4% against the previous month. In general, the export price saw a slight slump. The most prominent rate of growth was recorded in February 2023 an increase of 30% month-to-month. Over the period under review, the average export prices attained the peak figure at $6,228 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In November 2023, the countries with the highest prices were the United States ($5,638 per ton) and China ($5,151 per ton), while the average price for exports to Singapore ($4,970 per ton) and Indonesia ($4,977 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.0%), while the prices for the other major destinations experienced a decline.
Price for Benzaldehyde and Other Cyclic Aldehydes in the Philippines (CIF) - 2023
In November 2023, the average import price for benzaldehyde and other cyclic aldehydes without other oxygen function amounted to $1,805 per ton, dropping by -1.9% against the previous month. Over the period under review, the import price showed a mild contraction. The pace of growth was the most pronounced in July 2023 when the average import price increased by 4.3% m-o-m. Over the period under review, average import prices hit record highs at $2,156 per ton in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($1,779 per ton), while the price for India totaled $1,621 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.1%), while the prices for the other major suppliers experienced a decline.
Exports of Benzaldehyde and Other Cyclic Aldehydes in the Philippines
In 2022, shipments abroad of benzaldehyde and other cyclic aldehydes without other oxygen function decreased by -40% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 29%.
In value terms, benzaldehyde and other cyclic aldehydes exports contracted sharply to $12M in 2022. Overall, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.3%. As a result, the exports attained the peak of $16M, and then dropped significantly in the following year.
| Export of Benzaldehyde and Other Cyclic Aldehydes in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 4.9 | 6.4 | 4.0 | -6.5% |
| Singapore | 1.9 | 2.1 | 3.4 | 3.5 | 22.6% |
| Indonesia | 2.2 | 2.9 | 1.9 | 2.0 | -3.1% |
| Japan | 3.5 | 2.3 | 2.6 | 1.7 | -21.4% |
| Mexico | N/A | N/A | N/A | 0.4 | 0% |
| Brazil | N/A | 1.1 | 0.1 | 0.3 | -47.8% |
| South Korea | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| India | 0.5 | 0.1 | 0.4 | 0.1 | -41.5% |
| United States | 1.0 | 0.6 | 0.5 | N/A | -29.3% |
| Others | 0.7 | 0.4 | 0.3 | 0.1 | -47.7% |
| Total | 14.9 | 14.5 | 15.8 | 12.2 | -6.4% |
Top Export Markets for Benzaldehyde and Other Cyclic Aldehydes from the Philippines in 2022:
- China (871.7 tons)
- Singapore (753.2 tons)
- Indonesia (436.5 tons)
- Japan (309.3 tons)
- Mexico (85.7 tons)
- Brazil (58.8 tons)
- South Korea (42.6 tons)
- India (9.7 tons)
Imports of Benzaldehyde and Other Cyclic Aldehydes in the Philippines
In 2022, benzaldehyde and other cyclic aldehydes imports into the Philippines expanded markedly to 2.4K tons, surging by 13% compared with 2021 figures. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +19.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 48%. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, benzaldehyde and other cyclic aldehydes imports soared to $5.5M in 2022. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Benzaldehyde and Other Cyclic Aldehydes in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.5 | 2.0 | 3.3 | 3.4 | 89.5% |
| India | 2.4 | 0.9 | 0.6 | 1.8 | -9.1% |
| Netherlands | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 3.0 | 3.1 | 3.9 | 5.5 | 22.4% |
Top Suppliers of Benzaldehyde and Other Cyclic Aldehydes to the Philippines in 2022:
- China (1512.5 tons)
- India (787.4 tons)
- Netherlands (85.9 tons)
This report provides an in-depth analysis of the market for benzaldehyde and other cyclic aldehydes in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146120 - Cyclic aldehydes, without other oxygen function
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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639
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