Philippines - Hydantoin And Its Derivatives - Market Analysis, Forecast, Size, Trends And Insights
Philippines: Hydantoin Market Overview 2020
Hydantoin Market Size in the Philippines
The revenue of the hydantoin market in the Philippines amounted to $X in 2018, declining 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). Over the period under review, hydantoin consumption, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the market value increased by X% against the previous year. Hydantoin consumption peaked at $X in 2017, and then declined slightly in the following year.
Exports from the Philippines
Hydantoin exports from the Philippines totaled X kg in 2018, coming down by -X% against the previous year. Overall, hydantoin exports continue to indicate an abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by X% y-o-y. Exports peaked at X kg in 2007; however, from 2008 to 2018, exports remained at a lower figure.
In value terms, hydantoin exports stood at $X in 2018. Over the period under review, hydantoin exports continue to indicate a drastic decrease. The most prominent rate of growth was recorded in 2010 when exports decreased by -X% year-to-year. Over the period under review, hydantoin exports reached their peak figure at $X in 2007; however, from 2008 to 2018, exports remained at a lower figure.
Imports into the Philippines
In 2018, the amount of hydantoin and its derivatives imported into the Philippines totaled X tonnes, shrinking by -X% against the previous year. In general, hydantoin imports, however, continue to indicate a moderate increase. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.
In value terms, hydantoin imports totaled $X in 2018. Over the period under review, hydantoin imports, however, continue to indicate a temperate deduction. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. In that year, hydantoin imports attained their peak of $X. From 2015 to 2018, the growth of hydantoin imports failed to regain its momentum.
Imports by Country
In 2018, China (X tonnes) constituted the largest hydantoin supplier to the Philippines, accounting for a X% share of total imports. Moreover, hydantoin imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tonnes), threefold. The U.S. (X tonnes) ranked third in terms of total imports with a X% share.
From 2007 to 2018, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+X% per year) and the U.S. (+X% per year).
In value terms, the largest hydantoin suppliers to the Philippines were China ($X), the U.S. ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by Italy, Israel, Indonesia and Taiwan, Chinese, which together accounted for a further X terms of the main suppliers, Italy recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2018, the average hydantoin import price amounted to $X per tonne, approximately reflecting the previous year. Overall, the hydantoin import price, however, continues to indicate an abrupt slump. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% year-to-year. Over the period under review, the average import prices for hydantoin and its derivatives attained their peak figure at $X per tonne in 2011; however, from 2012 to 2018, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the U.S. ($X per tonne), while the price for Taiwan, Chinese ($X per tonne) was amongst the lowest.
From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Israel, while the prices for the other major suppliers experienced a decline.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the hydantoin market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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