Price for Lustres; Liquid Lustres and Similar Preparations in the Philippines - 2023
Contents:
- Price for Lustres; Liquid Lustres and Similar Preparations in the Philippines (CIF) - 2022
- Price for Lustres; Liquid Lustres and Similar Preparations in the Philippines (FOB) - 2022
- Imports of Lustres; Liquid Lustres and Similar Preparations in the Philippines
- Exports of Lustres; Liquid Lustres and Similar Preparations in the Philippines
Price for Lustres; Liquid Lustres and Similar Preparations in the Philippines (CIF) - 2022
In 2022, the average import price for lustres; liquid lustres and similar preparationses amounted to $53,181 per ton, falling by -4.8% against the previous year. Over the period under review, the import price, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2017 an increase of 1,538% against the previous year. Over the period under review, average import prices attained the peak figure at $55,833 per ton in 2021, and then fell 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 Japan ($500,401 per ton), while the price for Taiwan (Chinese) ($3,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+225.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lustres; Liquid Lustres and Similar Preparations in the Philippines (FOB) - 2022
In 2022, the average export price for lustres; liquid lustres and similar preparationses amounted to $45,692 per ton, surging by 1.8% against the previous year. In general, the export price, however, saw a dramatic downturn. The export price peaked at $254,143 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($46,960 per ton), while the average price for exports to Austria totaled $14,000 per ton.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+133.3%), while the prices for the other major destinations experienced a decline.
Imports of Lustres; Liquid Lustres and Similar Preparations in the Philippines
In 2022, imports of lustres; liquid lustres and similar preparationses into the Philippines contracted significantly to 15 tons, with a decrease of -46.3% compared with 2021 figures. Over the period under review, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 118% against the previous year. As a result, imports reached the peak of 29 tons, and then reduced remarkably in the following year.
In value terms, imports of lustres; liquid lustres and similar preparationses declined remarkably to $816K in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,209%. As a result, imports reached the peak of $1.6M, and then reduced rapidly in the following year.
| Import of Lustres; Liquid Lustres and Similar Preparations in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.7 | N/A | 1,311 | 315 | 306.2% |
| United States | 272 | 1.7 | 177 | 184 | -12.2% |
| Japan | 0.4 | 70.3 | 46.9 | 121 | 571.3% |
| Taiwan (Chinese) | 48.3 | 31.0 | 33.3 | 28.3 | -16.3% |
| Others | 11.5 | 18.9 | 26.4 | 168 | 144.5% |
| Total | 337 | 122 | 1,595 | 816 | 34.3% |
Top Suppliers of Lustres; Liquid Lustres and Similar Preparations to the Philippines in 2022:
- Taiwan (Chinese) (9.0 tons)
- South Korea (5.3 tons)
- United States (0.7 tons)
- Japan (0.2 tons)
Exports of Lustres; Liquid Lustres and Similar Preparations in the Philippines
In 2022, overseas shipments of lustres; liquid lustres and similar preparationses decreased by -50.9% to 26 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate significant growth.
In value terms, exports of lustres; liquid lustres and similar preparationses reduced notably to $1.2K in 2022. In general, exports, however, posted a significant increase.
| Export of Lustres; Liquid Lustres and Similar Preparations in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 99.0 | N/A | 2,369 | 1,174 | 128.0% |
| Austria | N/A | N/A | 6.0 | 14.0 | 133.3% |
| Others | 1.0 | N/A | 3.0 | N/A | 73.2% |
| Total | 100 | N/A | 2,378 | 1,188 | 128.2% |
Top Export Markets for Lustres; Liquid Lustres and Similar Preparations from the Philippines in 2022:
- South Korea (25.0 kg)
- Austria (1.0 kg)
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