Philippines: Market for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) 2024

Market Size for Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol) in the Philippines

The Philippine diols and polyhydric alcohols market declined to $X in 2022, which is down 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). In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value 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, consumption increased by X% against 2013 indices. Diols and polyhydric alcohols consumption peaked at $X in 2021, and then declined in the following year.

Exports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Exports from the Philippines

In 2022, overseas shipments of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, continue to indicate a dramatic contraction. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, diols and polyhydric alcohols exports reduced remarkably to $X in 2022. Overall, exports, however, recorded a dramatic setback. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Nigeria (X tons) was the main destination for diols and polyhydric alcohols exports from the Philippines, with a X% share of total exports. Moreover, diols and polyhydric alcohols exports to Nigeria exceeded the volume sent to the second major destination, Russia (X kg), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and India (X% per year).

From 2012 to 2022, the average annual rate of growth in terms of value to Nigeria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and India (X% per year).

Export Prices by Country

The average diols and polyhydric alcohols export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2021, and then dropped rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Imports of Diols And Polyhydric Alcohols (Excluding Ethylene Glycol And Propylene Glycol, D-Glucitol)

Imports into the Philippines

In 2022, approx. X tons of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) were imported into the Philippines; reducing by X% on 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, diols and polyhydric alcohols imports dropped modestly to $X in 2022. Overall, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) were the main suppliers of diols and polyhydric alcohols imports to the Philippines, with a combined X% share of total imports. Singapore, Saudi Arabia, the United States, Malaysia and South Korea lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of diols and polyhydric alcohols (excluding ethylene glycol and propylene glycol, d-glucitol) to the Philippines, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

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

Import Prices by Country

The average diols and polyhydric alcohols import price stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price saw a prominent expansion. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform