Philippines: Mercury Market 2022

Mercury Market Size in the Philippines

For the fourth consecutive year, the Philippine mercury market recorded decline in sales value, which decreased by -X% to $X in 2021. Over the period under review, consumption recorded a dramatic setback. Mercury consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Mercury Exports

Exports from the Philippines

In 2021, approx. less than X kg of mercuries were exported from the Philippines; stabilizing at the previous year. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, mercury exports amounted to $less than X in 2021. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X kg) was the main destination for mercury exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2012, the average annual growth rate of volume to Papua New Guinea was relatively modest.

From 2012 to 2012, the average annual growth rate of value to Papua New Guinea was relatively modest.

Mercury Imports

Imports into the Philippines

In 2021, purchases abroad of mercuries decreased by -X% to X kg, falling for the third year in a row after two years of growth. Over the period under review, imports faced a sharp reduction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tonnes in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, mercury imports reduced sharply to $X in 2021. Overall, imports faced a dramatic downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. 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

Japan (X kg), the United States (X kg) and Singapore (X kg) were the main suppliers of mercury imports to the Philippines, with a combined X% share of total imports. These countries were followed by Australia and Switzerland, which together accounted for a further X 2012 to 2021, the biggest increases were in Australia (with a CAGR of -X%), while purchases for the other leaders experienced a decline.

In value terms, Singapore ($X) constituted the largest supplier of mercury to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with an X% share of total imports. It was followed by Australia, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Singapore totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Australia (-X% per year).

Import Prices by Country

The average mercury import price stood at $X per tonne in 2021, surging by X% against the previous year. In general, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mercury import price increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per tonne in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($X per tonne), while the price for the United States ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform