Philippines: Kaolin Market 2024

Kaolin Market Size in the Philippines

The Philippine kaolin market rose rapidly to $X in 2023, with an increase of X% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Kaolin Production in the Philippines

In value terms, kaolin production surged to $X in 2023 estimated in export price. In general, production showed significant growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Kaolin Exports

Exports from the Philippines

In 2023, approx. X kg of kaolin and kaolinic clays were exported from the Philippines; increasing by X% on the previous year's figure. In general, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2019 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, kaolin exports surged to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt descent. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Russia (X kg), Taiwan (Chinese) (X kg) and China (X kg) were the main destinations of kaolin exports from the Philippines, together accounting for X% 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 Russia (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Russia ($X) emerged as the key foreign market for kaolin and kaolinic clays exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

Export Prices by Country

The average kaolin export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Taiwan (Chinese) ($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 Thailand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Kaolin Imports

Imports into the Philippines

In 2023, approx. X tons of kaolin and kaolinic clays were imported into the Philippines; reducing by X% compared with the previous year's figure. Overall, imports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, kaolin imports rose markedly to $X in 2023. In general, total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest kaolin supplier to the Philippines, with a X% share of total imports. Moreover, kaolin imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Thailand (X% per year).

In value terms, China ($X), the United States ($X) and Thailand ($X) were the largest kaolin suppliers to the Philippines, with a combined X% share of total imports. Georgia and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Georgia, with a CAGR of X%, recorded 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 kaolin import price stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, kaolin import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform