Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in the Philippines - 2023
Contents:
- Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in the Philippines (CIF) - 2022
- Imports of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in the Philippines
Price for Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in the Philippines (CIF) - 2022
The average import price for polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses stood at $4,117 per ton in 2022, jumping by 43% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses increased by +59.5% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($5,869 per ton), while the price for China ($2,350 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in the Philippines
In 2022, the amount of polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses imported into the Philippines declined to 1.2K tons, with a decrease of -3.5% compared with 2021 figures. Overall, imports continue to indicate a perceptible setback. The pace of growth appeared the most rapid in 2021 when imports increased by 22%.
In value terms, imports of polyvinyl alcohol; whether or not containing unhydrolysed acetate groupses soared to $4.9M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.1% 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 +93.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
| Import of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 413 | 317 | 914 | 2,157 | 73.5% |
| Japan | 651 | 712 | 636 | 921 | 12.3% |
| Singapore | 915 | 442 | 965 | 773 | -5.5% |
| China | 235 | 129 | 378 | 604 | 37.0% |
| United States | 907 | 861 | 575 | 357 | -26.7% |
| Others | 59.9 | 45.3 | 40.6 | 38.6 | -13.6% |
| Total | 3,181 | 2,507 | 3,508 | 4,851 | 15.1% |
Top Suppliers of Polyvinyl Alcohol; Whether or Not Containing Unhydrolysed Acetate Groups to the Philippines in 2022:
- Taiwan (Chinese) (493.5 tons)
- China (257.0 tons)
- Japan (157.0 tons)
- Singapore (150.5 tons)
- United States (113.7 tons)
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This report provides an in-depth analysis of the market for vinyl acetate polymers in aqueous dispersion in primary forms in the Philippines.
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