Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines - 2023
Contents:
- Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines (CIF) - 2023
- Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines (FOB) - 2023
- Imports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines
- Exports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines
Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines (CIF) - 2023
The average import price for polymers of vinyl chloride or of other halogenated olefins, in primary formses stood at $1,700 per ton in September 2023, with an increase of 21% against the previous month. Overall, the import price, however, saw a noticeable contraction. The import price peaked at $2,322 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,720 per ton), while the price for Thailand ($815 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines (FOB) - 2023
The average export price for polymers of vinyl chloride or of other halogenated olefins, in primary formses stood at $938 per ton in September 2023, with an increase of 7.6% against the previous month. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 91% m-o-m. As a result, the export price reached the peak level of $1,871 per ton. From April 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was China ($2,317 per ton), while the average price for exports to Vietnam amounted to $857 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines
In 2022, imports of polymers of vinyl chloride or of other halogenated olefins, in primary formses into the Philippines amounted to 42K tons, picking up by 5.3% against 2021. Over the period under review, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year.
In value terms, imports of polymers of vinyl chloride or of other halogenated olefins, in primary formses stood at $82M in 2022. In general, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +2.8% 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 +85.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 80%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.1 | 11.0 | 20.8 | 25.8 | 47.1% |
| Thailand | 22.0 | 7.0 | 12.5 | 12.2 | -17.8% |
| Japan | 18.0 | 9.0 | 13.1 | 11.5 | -13.9% |
| United States | 1.5 | 2.9 | 8.1 | 7.8 | 73.2% |
| Taiwan (Chinese) | 4.8 | 2.0 | 5.6 | 6.4 | 10.1% |
| Singapore | 3.7 | 2.9 | 4.2 | 4.9 | 9.8% |
| Indonesia | 8.0 | 2.6 | 3.9 | 3.3 | -25.6% |
| Vietnam | 1.7 | 1.8 | 2.7 | 2.7 | 16.7% |
| South Korea | 2.0 | 0.9 | 1.5 | 1.0 | -20.6% |
| Others | 5.4 | 4.0 | 6.6 | 6.0 | 3.6% |
| Total | 75.1 | 44.0 | 79.0 | 81.6 | 2.8% |
Top Suppliers of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms to the Philippines in 2022:
- China (17.6K tons)
- Thailand (9.6K tons)
- Taiwan (Chinese) (3.7K tons)
- Indonesia (2.2K tons)
- Japan (2.0K tons)
- Singapore (1.9K tons)
- United States (1.6K tons)
- Vietnam (1.3K tons)
- South Korea (0.6K tons)
Exports of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines
In 2022, after three years of growth, there was significant decline in overseas shipments of polymers of vinyl chloride or of other halogenated olefins, in primary formses, when their volume decreased by -31.6% to 31K tons. Overall, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 234%.
In value terms, exports of polymers of vinyl chloride or of other halogenated olefins, in primary formses shrank rapidly to $37M in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 192%.
| Export of Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.4 | 6.2 | 34.6 | 27.4 | 84.0% |
| China | 3.0 | 14.9 | 3.5 | 3.3 | 3.2% |
| Indonesia | 0.3 | N/A | N/A | 2.6 | 105.4% |
| Malaysia | 1.3 | 6.3 | 6.0 | 2.3 | 20.9% |
| Thailand | 0.1 | 0.9 | 1.1 | 0.7 | 91.3% |
| India | 0.4 | N/A | 13.2 | N/A | 474.5% |
| Others | 0.5 | 0.7 | 5.0 | 0.7 | 11.9% |
| Total | 10.0 | 29.1 | 63.5 | 36.9 | 54.5% |
Top Export Markets for Polymers of Vinyl Chloride or of Other Halogenated Olefins, in Primary Forms from the Philippines in 2022:
- Vietnam (23.4K tons)
- Indonesia (2.6K tons)
- Malaysia (2.1K tons)
- China (2.0K tons)
- Thailand (0.5K tons)
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