Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines - 2023

Contents:

1. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines (CIF) - 2022
2. Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines (FOB) - 2022
3. Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines
4. Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines (CIF) - 2022

The average import price for polymers, natural; alginic acid, its salts and esters, in primary formses stood at $11,237 per ton in 2022, rising by 45% against the previous year. In general, the import price, however, continues to indicate a pronounced descent. Over the period under review, average import prices hit record highs at $16,333 per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 the UK ($38,349 per ton), while the price for Egypt ($2,650 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 (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines (FOB) - 2022

In 2022, the average export price for polymers, natural; alginic acid, its salts and esters, in primary formses amounted to $12,640 per ton, reducing by -33.4% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 105%. Over the period under review, the average export prices attained the peak figure at $20,291 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($23,813 per ton), while the average price for exports to Japan ($2,383 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 the United States (+89.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines

In 2022, the amount of polymers, natural; alginic acid, its salts and esters, in primary formses imported into the Philippines contracted notably to 206 tons, with a decrease of -24.5% compared with 2021 figures. Overall, imports faced a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year.

In value terms, imports of polymers, natural; alginic acid, its salts and esters, in primary formses expanded notably to $2.3M in 2022. Over the period under review, imports continue to indicate a dramatic slump.

Top Suppliers of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms to the Philippines in 2022:

1. China (88.6 tons)
2. Egypt (60.0 tons)
3. France (44.0 tons)
4. Japan (6.4 tons)
5. Norway (3.5 tons)
6. United Kingdom (1.4 tons)

Exports of Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms in the Philippines

Exports of polymers, natural; alginic acid, its salts and esters, in primary formses from the Philippines shrank markedly to 4.2 tons in 2022, which is down by -52.6% against the previous year. In general, exports faced a precipitous shrinkage. The smallest decline of -51.7% was in 2021.

In value terms, exports of polymers, natural; alginic acid, its salts and esters, in primary formses declined remarkably to $54K in 2022. Overall, exports continue to indicate a significant contraction. The smallest decline of -54.5% was in 2021.

Top Export Markets for Polymers, Natural; Alginic Acid, Its Salts and Esters, in Primary Forms from the Philippines in 2022:

1. Japan (2.1 tons)
2. Thailand (2.0 tons)
3. Malaysia (0.1 tons)

Source: IndexBox Market Intelligence Platform