Sulphides; Polysulphides Price in the Philippines - 2023
Contents:
- Sulphides; Polysulphides Price in the Philippines (CIF) - 2022
- Sulphides; Polysulphides Price in the Philippines (FOB) - 2022
- Sulphides; Polysulphides Imports in the Philippines
- Sulphides; Polysulphides Exports in the Philippines
Sulphides; Polysulphides Price in the Philippines (CIF) - 2022
In 2022, the average sulphides; polysulphides import price amounted to $1,042 per ton, with an increase of 67% against the previous year. In general, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 109%. The import price peaked at $1,426 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 United States ($3,708 per ton), while the price for China ($442 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.3%), while the prices for the other major suppliers experienced a decline.
Sulphides; Polysulphides Price in the Philippines (FOB) - 2022
The average sulphides; polysulphides export price stood at $14,289 per ton in 2022, with a decrease of -55% against the previous year. In general, the export price, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 846%. As a result, the export price attained the peak level of $39,083 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +8.0% per year.
Sulphides; Polysulphides Imports in the Philippines
In 2022, the amount of sulphides; polysulphideses imported into the Philippines shrank significantly to 436 tons, reducing by -85% compared with the year before. Overall, imports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 89%. As a result, imports attained the peak of 2.9K tons, and then fell notably in the following year.
In value terms, sulphides; polysulphides imports dropped remarkably to $454K in 2022. In general, imports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 when imports increased by 71%. As a result, imports attained the peak of $1.8M, and then shrank sharply in the following year.
| Import of Sulphides; Polysulphides in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 227 | 559 | 506 | 201 | -4.0% |
| Taiwan (Chinese) | 75.3 | 40.1 | 91.1 | 145 | 24.4% |
| China | 856 | 457 | 1,210 | 77.9 | -55.0% |
| Others | 50.8 | 4.1 | 5.6 | 30.9 | -15.3% |
| Total | 1,209 | 1,060 | 1,812 | 454 | -27.9% |
Top Suppliers of Sulphides; Polysulphides to the Philippines in 2022:
- Taiwan (Chinese) (203.4 tons)
- China (176.5 tons)
- United States (54.1 tons)
Sulphides; Polysulphides Exports in the Philippines
In 2022, approx. 2.5K tons of sulphides; polysulphideses were exported from the Philippines; jumping by 21,338% compared with 2021 figures. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphides; polysulphides exports surged to $36M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Sulphides; Polysulphides in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 0.2 | N/A | N/A | 35.5 | 462.0% |
| Others | 0.9 | 0.2 | 0.4 | 0.3 | -30.7% |
| Total | 1.1 | 0.2 | 0.4 | 35.8 | 219.3% |
Top Export Markets for Sulphides; Polysulphides from the Philippines in 2022:
- Japan (2.5K tons)
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