Price for Carbides, Whether or Not Chemically Defined in the Philippines - 2023
Contents:
- Price for Carbides, Whether or Not Chemically Defined in the Philippines (CIF) - 2022
- Price for Carbides, Whether or Not Chemically Defined in the Philippines (FOB) - 2022
- Imports of Carbides, Whether or Not Chemically Defined in the Philippines
- Exports of Carbides, Whether or Not Chemically Defined in the Philippines
Price for Carbides, Whether or Not Chemically Defined in the Philippines (CIF) - 2022
The average import price for carbides, whether or not chemically defineds stood at $420 per ton in 2022, reducing by -6.1% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of 7.2%. The import price peaked at $874 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -6.1% per year.
Price for Carbides, Whether or Not Chemically Defined in the Philippines (FOB) - 2022
The average export price for carbides, whether or not chemically defineds stood at $26,306 per ton in 2022, with an increase of 27% against the previous year. In general, the export price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 131%. The export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($32,077 per ton), while the average price for exports to Italy ($5,813 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+55.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Carbides, Whether or Not Chemically Defined in the Philippines
In 2022, the amount of carbides, whether or not chemically defineds imported into the Philippines rose rapidly to 18K tons, picking up by 13% on 2021 figures. Overall, total imports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +2.7% 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 +61.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of carbides, whether or not chemically defineds stood at $7.4M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +3.2% 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 +60.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Carbides, Whether or Not Chemically Defined in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 3.9 | 5.7 | 6.5 | 3.9% |
| Others | 0.9 | 0.7 | 1.3 | 0.9 | 0.0% |
| Total | 6.7 | 4.6 | 7.0 | 7.4 | 3.4% |
Top Suppliers of Carbides, Whether or Not Chemically Defined to the Philippines in 2022:
- China (17.2K tons)
Exports of Carbides, Whether or Not Chemically Defined in the Philippines
In 2022, approx. 134 kg of carbides, whether or not chemically defineds were exported from the Philippines; with a decrease of -23.9% on the previous year's figure. In general, exports faced a sharp reduction.
In value terms, exports of carbides, whether or not chemically defineds shrank slightly to $3.5K in 2022. Overall, exports continue to indicate a perceptible decline. The smallest decline of -1.8% was in 2020.
| Export of Carbides, Whether or Not Chemically Defined in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3,455 | 3,379 | 3,435 | 3,336 | -1.2% |
| Italy | 159 | 131 | 113 | 93.0 | -16.4% |
| Palau | 82.0 | 66.0 | 55.0 | 44.0 | -18.7% |
| Taiwan (Chinese) | 34.0 | 28.0 | 24.0 | 19.0 | -17.6% |
| Others | 62.0 | 121 | 29.0 | 33.0 | -19.0% |
| Total | 3,792 | 3,725 | 3,656 | 3,525 | -2.4% |
Top Export Markets for Carbides, Whether or Not Chemically Defined from the Philippines in 2022:
- Germany (104.0 kg)
- Italy (16.0 kg)
- Palau (5.0 kg)
- Taiwan (Chinese) (3.0 kg)
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