Price for Inorganic Acids; Other than Hydrogen Fluoride in the Philippines - 2023
Contents:
- Price for Inorganic Acids; Other than Hydrogen Fluoride in the Philippines (CIF) - 2022
- Price for Inorganic Acids; Other than Hydrogen Fluoride in the Philippines (FOB) - 2022
- Imports of Inorganic Acids; Other than Hydrogen Fluoride in the Philippines
- Exports of Inorganic Acids; Other than Hydrogen Fluoride in the Philippines
Price for Inorganic Acids; Other than Hydrogen Fluoride in the Philippines (CIF) - 2022
In 2022, the average import price for inorganic acids; other than hydrogen fluorides amounted to $2,048 per ton, with an increase of 30% against the previous year. Over the period under review, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2014 an increase of 37%. Over the period under review, average import prices hit record highs at $2,722 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 Japan ($17,900 per ton), while the price for Taiwan (Chinese) ($673 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+41.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inorganic Acids; Other than Hydrogen Fluoride in the Philippines (FOB) - 2022
The average export price for inorganic acids; other than hydrogen fluorides stood at $1,370 per ton in 2022, growing by 5.6% against the previous year. In general, the export price, however, continues to indicate a abrupt contraction. The export price peaked at $3,076 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($1,333 per ton), while the average price for exports to Singapore ($333 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 Taiwan (Chinese) (-9.3%), while the prices for the other major destinations experienced a decline.
Imports of Inorganic Acids; Other than Hydrogen Fluoride in the Philippines
In 2022, purchases abroad of inorganic acids; other than hydrogen fluorides increased by 75% to 768 tons for the first time since 2019, thus ending a two-year declining trend. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of inorganic acids; other than hydrogen fluorides soared to $1.6M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Inorganic Acids; Other than Hydrogen Fluoride in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 539 | 362 | 312 | 1,015 | 23.5% |
| United States | 167 | 74.9 | 94.6 | 294 | 20.7% |
| United Kingdom | 64.2 | 20.4 | 24.8 | 126 | 25.2% |
| Taiwan (Chinese) | 51.3 | 81.3 | 61.5 | 81.1 | 16.5% |
| Others | 80.0 | 137 | 199 | 57.5 | -10.4% |
| Total | 902 | 675 | 692 | 1,574 | 20.4% |
Top Suppliers of Inorganic Acids; Other than Hydrogen Fluoride to the Philippines in 2022:
- China (519.5 tons)
- Taiwan (Chinese) (120.4 tons)
- United States (117.6 tons)
- United Kingdom (7.2 tons)
Exports of Inorganic Acids; Other than Hydrogen Fluoride in the Philippines
In 2022, shipments abroad of inorganic acids; other than hydrogen fluorides was finally on the rise to reach 165 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt descent.
In value terms, exports of inorganic acids; other than hydrogen fluorides skyrocketed to $226 in 2022. Over the period under review, exports, however, faced a abrupt setback.
| Export of Inorganic Acids; Other than Hydrogen Fluoride in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 312 | 217 | 102 | 189 | -15.4% |
| Taiwan (Chinese) | 64.0 | 38.0 | 15.0 | 24.0 | -27.9% |
| Singapore | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Others | N/A | N/A | N/A | 12.0 | 0% |
| Total | 377 | 256 | 118 | 226 | -15.7% |
Top Export Markets for Inorganic Acids; Other than Hydrogen Fluoride from the Philippines in 2022:
- Indonesia (142.0 kg)
- Taiwan (Chinese) (18.0 kg)
- Singapore (3.0 kg)
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