Philippines - Polyethylene with a Specific Gravity of Less than 0.94, in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines - 2023
Contents:
- Price for Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines (CIF) - 2023
- Price for Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines (FOB) - 2023
- Imports of Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines
- Exports of Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines
Price for Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines (CIF) - 2023
In September 2023, the average import price for polyethylene with a specific gravity of less than 0.94, in primary forms amounted to $1,176 per ton, waning by -2.1% against the previous month. In general, the import price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 5.2% month-to-month. Over the period under review, average import prices attained the peak figure at $1,391 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Finland ($1,850 per ton), while the price for the United States ($945 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+1.0%), while the prices for the other major suppliers experienced a decline.
Price for Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines (FOB) - 2023
In September 2023, the average export price for polyethylene with a specific gravity of less than 0.94, in primary forms amounted to $1,029 per ton, surging by 7.1% against the previous month. Over the period under review, the export price, however, recorded a slight downturn. The growth pace was the most rapid in May 2023 an increase of 28% month-to-month. As a result, the export price reached the peak level of $1,548 per ton. From June 2023 to September 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Mexico ($2,375 per ton), while the average price for exports to Belgium ($874 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines
For the third consecutive year, the Philippines recorded decline in purchases abroad of polyethylene with a specific gravity of less than 0.94, in primary forms, which decreased by -5.3% to 116K tons in 2022. Overall, imports recorded a abrupt downturn.
In value terms, imports of polyethylene with a specific gravity of less than 0.94, in primary forms contracted to $174M in 2022. Over the period under review, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year.
| Import of Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 48.6 | 38.8 | 51.7 | 54.5 | 3.9% |
| Thailand | 16.2 | 16.4 | 30.0 | 28.2 | 20.3% |
| Qatar | 28.7 | 20.6 | 22.3 | 20.3 | -10.9% |
| Singapore | 37.8 | 28.0 | 23.9 | 17.5 | -22.6% |
| Saudi Arabia | 23.7 | 14.5 | 17.3 | 17.2 | -10.1% |
| South Korea | 12.6 | 9.3 | 9.4 | 10.9 | -4.7% |
| United States | 6.8 | 8.1 | 5.3 | 7.5 | 3.3% |
| Others | 13.1 | 14.1 | 14.6 | 18.1 | 11.4% |
| Total | 187 | 150 | 175 | 174 | -2.4% |
Top Suppliers of Polyethylene with A Specific Gravity of Less than 0.94 to the Philippines in 2022:
- Malaysia (35.5K tons)
- Thailand (19.5K tons)
- Qatar (14.1K tons)
- Saudi Arabia (13.2K tons)
- Singapore (11.3K tons)
- South Korea (6.2K tons)
- United States (4.5K tons)
Exports of Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines
In 2022, after three years of growth, there was significant decline in shipments abroad of polyethylene with a specific gravity of less than 0.94, in primary forms, when their volume decreased by -71.4% to 12K tons. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2020 with an increase of 32%.
In value terms, exports of polyethylene with a specific gravity of less than 0.94, in primary forms reduced notably to $15M in 2022. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. As a result, the exports reached the peak of $50M, and then plummeted in the following year.
| Export of Polyethylene with A Specific Gravity of Less than 0.94 in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.1 | 26.9 | 32.2 | 7.8 | -27.1% |
| Japan | 1.3 | 0.9 | 1.0 | 3.5 | 39.1% |
| Germany | 0.1 | 0.5 | 1.8 | 1.2 | 128.9% |
| Malaysia | 0.2 | 0.3 | 0.7 | 0.7 | 51.8% |
| Belgium | 0.4 | N/A | 0.5 | 0.7 | 20.5% |
| Indonesia | 3.5 | 1.3 | 2.9 | 0.1 | -69.4% |
| Vietnam | 0.2 | 1.0 | 7.3 | 0.1 | -20.6% |
| Others | 0.2 | 0.5 | 4.0 | 0.3 | 14.5% |
| Total | 26.0 | 31.4 | 50.3 | 14.6 | -17.5% |
Top Export Markets for Polyethylene with A Specific Gravity of Less than 0.94 from the Philippines in 2022:
- China (7.6K tons)
- Japan (2.7K tons)
- Malaysia (0.6K tons)
- Belgium (0.6K tons)
- Germany (0.5K tons)
- Indonesia (0.1K tons)
- Vietnam (0.1K tons)
This report provides an in-depth analysis of the market for polyethylene with a specific gravity of less than 0.94 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 20161035 - Linear polyethylene having a specific gravity < 0,94, in primary forms
- Prodcom 20161039 - Polyethylene having a specific gravity < 0,94, in primary forms (excluding linear)
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.
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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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