Price for Bromides; of Sodium or of Potassium in the Philippines - 2023
Contents:
- Price for Bromides; of Sodium or of Potassium in the Philippines (CIF) - 2022
- Imports of Bromides; of Sodium or of Potassium in the Philippines
Price for Bromides; of Sodium or of Potassium in the Philippines (CIF) - 2022
In 2022, the average import price for bromides; of sodium or of potassia amounted to $4,774 per ton, falling by -2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by 62%. Over the period under review, average import prices hit record highs at $4,875 per ton in 2021, and then contracted slightly 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 ($20,955 per ton), while the price for Israel ($4,518 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 (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Bromides; of Sodium or of Potassium in the Philippines
Imports of bromides; of sodium or of potassia into the Philippines fell markedly to 38 tons in 2022, waning by -18.2% compared with 2021. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year.
In value terms, imports of bromides; of sodium or of potassia contracted dramatically to $182K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +39.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 73%. As a result, imports attained the peak of $228K, and then fell dramatically in the following year.
| Import of Bromides; of Sodium or of Potassium in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 85.5 | 43.7 | 137 | 133 | 15.9% |
| Israel | 27.1 | 73.9 | 78.7 | 45.2 | 18.6% |
| South Korea | 12.4 | 4.9 | 3.5 | 2.0 | -45.6% |
| Others | 8.5 | 8.9 | 8.2 | 2.1 | -37.3% |
| Total | 133 | 131 | 228 | 182 | 11.0% |
Top Suppliers of Bromides; of Sodium or of Potassium to the Philippines in 2022:
- China (27.6 tons)
- Israel (10.0 tons)
- South Korea (0.2 tons)
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