Philippines: Calcium Carbonate Market 2023

Calcium Carbonate Market Size in the Philippines

The Philippine calcium carbonate market skyrocketed to $X in 2021, picking up by 30% 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). Over the period under review, consumption, however, showed a slight downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calcium Carbonate Exports

Exports from the Philippines

In 2021, approx. X tons of calcium carbonate were exported from the Philippines; reducing by -81.5% against the previous year. In general, exports recorded a sharp setback. The most prominent rate of growth was recorded in 2019 with an increase of 362%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calcium carbonate exports reduced sharply to $X in 2021. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 269%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for calcium carbonate exports from the Philippines, accounting for a 94% share of total exports. Moreover, calcium carbonate exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X kg), more than tenfold. Cambodia (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +192.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-49.2% per year) and Cambodia (+46.3% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for calcium carbonate exports from the Philippines, comprising 86% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 6.4% share of total exports. It was followed by the United States, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +192.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+32.2% per year) and the United States (-43.2% per year).

Export Prices by Country

The average calcium carbonate export price stood at $X per ton in 2021, increasing by 97% against the previous year. Over the period under review, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by 157% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Calcium Carbonate Imports

Imports into the Philippines

In 2021, approx. X tons of calcium carbonate were imported into the Philippines; jumping by 32% on the previous year's figure. Overall, imports, however, continue to indicate a noticeable shrinkage. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, calcium carbonate imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a slight curtailment. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest calcium carbonate supplier to the Philippines, accounting for a 40% share of total imports. Moreover, calcium carbonate imports from Vietnam exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was taken by Malaysia (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +39.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.1% per year) and Malaysia (+3.9% per year).

In value terms, Vietnam ($X), China ($X) and Malaysia ($X) were the largest calcium carbonate suppliers to the Philippines, with a combined 59% share of total imports. These countries were followed by Japan, Hong Kong SAR, Turkey, Indonesia, Austria, France and Taiwan (Chinese), which together accounted for a further 30%.

Among the main suppliers, Turkey, with a CAGR of +61.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calcium carbonate import price stood at $X per ton in 2021, leveling off at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 20% against the previous year. The import price peaked at $X per ton in 2020, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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