Philippines - Polyethylene Glycols and Polyethers in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polyethylene Glycol and Polyether in the Philippines - 2023
Contents:
- Price for Polyethylene Glycol and Polyether in the Philippines (CIF) - 2023
- Price for Polyethylene Glycol and Polyether in the Philippines (FOB) - 2022
- Imports of Polyethylene Glycol and Polyether in the Philippines
- Exports of Polyethylene Glycol and Polyether in the Philippines
Price for Polyethylene Glycol and Polyether in the Philippines (CIF) - 2023
In June 2023, the average polyethylene glycol and polyether import price amounted to $1,702 per ton, with an increase of 3% against the previous month. Overall, the import price, however, saw a perceptible reduction. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 30% month-to-month. Over the period under review, average import prices attained the peak figure at $2,373 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($4,620 per ton), while the price for South Korea ($1,280 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+3.6%), while the prices for the other major suppliers experienced a decline.
Price for Polyethylene Glycol and Polyether in the Philippines (FOB) - 2022
The average polyethylene glycol and polyether export price stood at $1,295 per ton in 2022, waning by -71.5% against the previous year. In general, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 204%. Over the period under review, the average export prices reached the peak figure at $6,662 per ton in 2014; however, from 2015 to 2022, the export prices remained at a 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 Japan ($7,411 per ton), while the average price for exports to Malaysia ($1,198 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) (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polyethylene Glycol and Polyether in the Philippines
In 2022, approx. 57K tons of polyethylene glycols and polyethers in primary forms were imported into the Philippines; surging by 8.2% against the previous year's figure. The total import volume increased at an average annual rate of +4.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, polyethylene glycol and polyether imports declined to $131M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.9% 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 +54.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 72% against the previous year. As a result, imports attained the peak of $146M, and then contracted in the following year.
| Import of Polyethylene Glycol and Polyether in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.7 | 22.8 | 37.2 | 32.6 | 36.9% |
| Thailand | 12.8 | 14.9 | 36.9 | 32.3 | 36.1% |
| Singapore | 21.4 | 19.5 | 35.9 | 31.5 | 13.8% |
| China | 10.7 | 12.1 | 12.0 | 10.6 | -0.3% |
| South Korea | 8.1 | 5.7 | 4.9 | 5.4 | -12.6% |
| Saudi Arabia | 4.7 | 2.9 | 6.0 | 5.3 | 4.1% |
| United States | 4.5 | 2.2 | 4.4 | 3.8 | -5.5% |
| Taiwan (Chinese) | 5.7 | 1.1 | 1.1 | 2.3 | -26.1% |
| Others | 8.0 | 3.7 | 7.7 | 7.0 | -4.4% |
| Total | 88.6 | 84.9 | 146 | 131 | 13.9% |
Top Suppliers of Polyethylene Glycol and Polyether to the Philippines in 2022:
- Thailand (14.9K tons)
- Singapore (14.4K tons)
- Japan (8.3K tons)
- China (6.0K tons)
- South Korea (3.3K tons)
- Saudi Arabia (2.6K tons)
- United States (1.8K tons)
- Taiwan (Chinese) (1.6K tons)
Exports of Polyethylene Glycol and Polyether in the Philippines
Polyethylene glycol and polyether exports from the Philippines soared to 334 tons in 2022, rising by 903% on 2021 figures. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, polyethylene glycol and polyether exports soared to $432K in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Polyethylene Glycol and Polyether in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 671 | 485 | 919 | 796 | 5.9% |
| China | 234 | 89.9 | 229 | 198 | -5.4% |
| Malaysia | 3.0 | 46.0 | 45.1 | 39.1 | 135.3% |
| Taiwan (Chinese) | N/A | N/A | 105 | N/A | 0% |
| Others | -831.9 | -516.1 | -1,147.0 | -601.3 | -10.3% |
| Total | 76.2 | 105 | 151 | 432 | 78.3% |
Top Export Markets for Polyethylene Glycol and Polyether from the Philippines in 2022:
- China (133.6 tons)
- Japan (107.4 tons)
- Malaysia (32.6 tons)
This report provides an in-depth analysis of the market for polyethylene glycol and polyether in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20164015 - Polyethylene glycols and other polyether alcohols, in primary forms
- Prodcom 20164020 - Polyethers, in primary forms (excluding polyacetals, polyether alcohols)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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