Philippines: Market for Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives 2024

Market Size for Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives in the Philippines

The Philippine market for alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives shrank to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw strong growth. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Exports of Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Exports from the Philippines

Exports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives from the Philippines declined notably to X kg in 2017, with a decrease of X% against the year before. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X kg, and then contracted sharply in the following year.

In value terms, exports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives contracted markedly to $X in 2017. In general, exports, however, continue to indicate a measured increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

New Zealand (X kg) was the main destination for exports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives from the Philippines, with a approx. X% share of total exports.

From 2012 to 2017, the average annual growth rate of volume to New Zealand amounted to X%.

In value terms, New Zealand ($X) also remains the key foreign market for alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives exports from the Philippines.

From 2012 to 2017, the average annual rate of growth in terms of value to New Zealand amounted to X%.

Export Prices by Country

In 2017, the average export price for alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2017, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2017, the rate of growth in terms of prices for Palau amounted to X% per year.

Imports of Alcohol, Ether And Ketone Peroxides And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives

Imports into the Philippines

In 2022, the amount of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives imported into the Philippines fell remarkably to X tons, waning by X% compared with 2021 figures. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X tons, and then reduced rapidly in the following year.

In value terms, imports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives contracted to $X in 2022. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives to the Philippines, with a X% share of total imports. Moreover, imports of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives to the Philippines, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average import price for alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives amounted to $X per ton, rising by X% against the previous year. Over the period under review, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% 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 alcohol, ether and ketone peroxides and their halogenated, sulphonated, nitrated or nitrosated derivatives increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Indonesia ($X 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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