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

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

The Philippine market for non-ionic surface-active agents (excluding soap) fell to $X in 2023, which is down by X% against the previous year. Overall, the total consumption indicated a notable expansion 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 increased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a somewhat lower figure.

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

In value terms, non-ionic surface-active agents (excl. soap) production dropped slightly to $X in 2023 estimated in export price. Over the period under review, the total production indicated a perceptible increase 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, production increased by X% against 2021 indices. The growth pace was the most rapid in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

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Exports of Non-Ionic Surface-Active Agents (Excluding Soap)

Exports from the Philippines

In 2023, shipments abroad of non-ionic surface-active agents (excluding soap) increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, exports posted a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, non-ionic surface-active agents (excl. soap) exports surged to $X in 2023. Overall, exports showed tangible growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Japan (X tons), China (X tons) and Thailand (X tons) were the main destinations of non-ionic surface-active agents (excl. soap) exports from the Philippines, with a combined X% share of total exports. Australia, the United States, Taiwan (Chinese), Vietnam, Spain, Indonesia, Canada, Poland, South Korea and Bangladesh lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X) emerged as the key foreign market for non-ionic surface-active agents (excluding soap) exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Australia (X% per year).

Export Prices by Country

The average export price for non-ionic surface-active agents (excluding soap) stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Thailand ($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 Spain (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Ionic Surface-Active Agents (Excluding Soap)

Imports into the Philippines

In 2023, the amount of non-ionic surface-active agents (excluding soap) imported into the Philippines rose remarkably to X tons, picking up by X% on 2022. Over the period under review, imports, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, non-ionic surface-active agents (excl. soap) imports fell slightly to $X in 2023. In general, total imports indicated a tangible increase 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then contracted slightly in the following year.

Imports by Country

China (X tons), Malaysia (X tons) and the United States (X tons) were the main suppliers of non-ionic surface-active agents (excl. soap) imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), the United States ($X) and Malaysia ($X) constituted the largest non-ionic surface-active agents (excl. soap) suppliers to the Philippines, with a combined X% share of total imports. Taiwan (Chinese), Germany, Singapore, India and South Korea lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for non-ionic surface-active agents (excluding soap) amounted to $X per ton, waning by X% against the previous year. Overall, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then declined in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform