Philippines: Market for Cationic Surface-Active Agents (Excluding Soap) 2024

Market Size for Cationic Surface-Active Agents (Excluding Soap) in the Philippines

The Philippine market for cationic surface-active agents (excluding soap) expanded modestly to $X in 2023, growing by X% against the previous year. Overall, consumption, however, recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market failed to regain momentum.

Production of Cationic Surface-Active Agents (Excluding Soap) in the Philippines

In value terms, cationic surface-active agents (excl. soap) production totaled $X in 2023 estimated in export price. Overall, production, however, showed a noticeable slump. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2023, production growth failed to regain momentum.

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Exports of Cationic Surface-Active Agents (Excluding Soap)

Exports from the Philippines

In 2023, overseas shipments of cationic surface-active agents (excluding soap) decreased by X% to X tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a sharp decline. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, cationic surface-active agents (excl. soap) exports reduced dramatically to $X in 2023. Over the period under review, exports continue to indicate a precipitous slump. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X tons), Colombia (X tons) and Malaysia (X tons) were the main destinations of cationic surface-active agents (excl. soap) exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Colombia (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for cationic surface-active agents (excl. soap) exported from the Philippines were Colombia ($X), Malaysia ($X) and Mexico ($X), with a combined X% share of total exports.

Among the main countries of destination, Colombia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2023, the average export price for cationic surface-active agents (excluding soap) amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price recorded a perceptible decline. The most prominent rate of growth was recorded in 2022 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cationic Surface-Active Agents (Excluding Soap)

Imports into the Philippines

In 2023, the amount of cationic surface-active agents (excluding soap) imported into the Philippines skyrocketed to X tons, picking up by X% on the previous year. Overall, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, cationic surface-active agents (excl. soap) imports amounted to $X in 2023. Over the period under review, imports showed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of cationic surface-active agents (excl. soap) to the Philippines, accounting for a X% share of total imports. Moreover, cationic surface-active agents (excl. soap) imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was taken by Vietnam (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

In value terms, China ($X) constituted the largest supplier of cationic surface-active agents (excluding soap) to the Philippines, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Vietnam (X% per year).

Import Prices by Country

In 2023, the average import price for cationic surface-active agents (excluding soap) amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a slight decline. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform