Price for Salts of Oxometallic or Peroxometallic Acids in the Philippines - 2023

Contents:

1. Price for Salts of Oxometallic or Peroxometallic Acids in the Philippines (CIF) - 2022
2. Price for Salts of Oxometallic or Peroxometallic Acids in the Philippines (FOB) - 2023
3. Imports of Salts of Oxometallic or Peroxometallic Acids in the Philippines
4. Exports of Salts of Oxometallic or Peroxometallic Acids in the Philippines

Price for Salts of Oxometallic or Peroxometallic Acids in the Philippines (CIF) - 2022

In 2022, the average import price for salts of oxometallic or peroxometallic acidses amounted to $12,404 per ton, which is down by -14.7% against the previous year. Overall, the import price, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2021 an increase of 214%. As a result, import price attained the peak level of $14,541 per ton, and then fell in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($26,708 per ton), while the price for the United States ($3,082 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Salts of Oxometallic or Peroxometallic Acids in the Philippines (FOB) - 2023

The average export price for salts of oxometallic or peroxometallic acidses stood at $6,000 per ton in September 2023, increasing by 465% against the previous month. Overall, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to +15.4% per month.

Imports of Salts of Oxometallic or Peroxometallic Acids in the Philippines

In 2022, approx. 717 tons of salts of oxometallic or peroxometallic acidses were imported into the Philippines; which is down by -26.6% on the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. As a result, imports attained the peak of 977 tons, and then fell markedly in the following year.

In value terms, imports of salts of oxometallic or peroxometallic acidses fell sharply to $8.9M in 2022. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 487%. As a result, imports reached the peak of $14M, and then fell rapidly in the following year.

Top Suppliers of Salts of Oxometallic or Peroxometallic Acids to the Philippines in 2022:

1. South Korea (228.9 tons)
2. Japan (200.7 tons)
3. China (147.7 tons)
4. United States (77.9 tons)
5. Spain (39.9 tons)
6. Taiwan (Chinese) (14.6 tons)

Exports of Salts of Oxometallic or Peroxometallic Acids in the Philippines

In 2022, overseas shipments of salts of oxometallic or peroxometallic acidses increased by 18% to 448 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a dramatic setback.

In value terms, exports of salts of oxometallic or peroxometallic acidses surged to $1.4M in 2022. In general, exports, however, faced a precipitous decline.

Top Export Markets for Salts of Oxometallic or Peroxometallic Acids from the Philippines in 2022:

1. China (290.1 tons)
2. United States (100.0 tons)
3. Vietnam (58.4 tons)

Source: IndexBox Market Intelligence Platform