Price for Halogenated olefin polymers; fluoro-polymers, polytetrafluoroethylene, in primary forms in the Philippines - 2023

Contents:

1. Price for Halogenated Olefin Polymers; Fluoro-Polymers, Polytetrafluoroethylene, in Primary Forms in the Philippines (CIF) - 2022
2. Imports of Halogenated Olefin Polymers; Fluoro-Polymers, Polytetrafluoroethylene, in Primary Forms in the Philippines

Price for Halogenated Olefin Polymers; Fluoro-Polymers, Polytetrafluoroethylene, in Primary Forms in the Philippines (CIF) - 2022

The average import price for halogenated olefin polymers; fluoro-polymers, polytetrafluoroethylene, in primary formses stood at $9,476 per ton in 2022, shrinking by -41.6% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average import price increased by 64% against the previous year. The import price peaked at $16,221 per ton in 2021, and then contracted sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($50,558 per ton), while the price for China ($8,600 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Halogenated Olefin Polymers; Fluoro-Polymers, Polytetrafluoroethylene, in Primary Forms in the Philippines

In 2022, imports of halogenated olefin polymers; fluoro-polymers, polytetrafluoroethylene, in primary formses into the Philippines amounted to 18 tons, rising by 14% against the previous year's figure. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, imports of halogenated olefin polymers; fluoro-polymers, polytetrafluoroethylene, in primary formses reduced remarkably to $167K in 2022. Overall, imports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports reached the peak of $251K, and then reduced notably in the following year.

Top Suppliers of Halogenated Olefin Polymers; Fluoro-Polymers, Polytetrafluoroethylene, in Primary Forms to the Philippines in 2022:

1. China (17.0 tons)
2. Japan (0.5 tons)
3. United States (0.1 tons)