Philippines: Pyrites Market 2022

Pyrites Market Size in the Philippines

In 2021, after two years of growth, there was decline in the Philippine pyrites market, when its value decreased by -X% to $X. Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Pyrites Exports

Exports from the Philippines

In 2021, pyrites exports from the Philippines was estimated at less than X kg, almost unchanged from 2020 figures. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, pyrites exports amounted to less than $X in 2021. In general, exports showed a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X kg) was the main destination for pyrites exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2017, the average annual rate of growth in terms of volume to China was relatively modest.

From 2012 to 2017, the average annual growth rate of value to China was relatively modest.

Export Prices by Country

In 2017, the average pyrites export price amounted to $X per tonne, stabilizing at the previous year. Overall, the export price recorded a relatively flat trend pattern. The export price peaked in 2017 and is likely to see steady growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2017, the rate of growth in terms of prices for China amounted to X% per year.

Pyrites Imports

Imports into the Philippines

In 2021, purchases abroad of pyrites decreased by -X% to X tonnes for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the peak figure at X tonnes in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, pyrites imports shrank modestly to $X in 2021. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tonnes), Thailand (X tonnes) and India (X tonnes) were the main suppliers of pyrites imports to the Philippines, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of pyrites to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Thailand (+X% per year).

Import Prices by Country

The average pyrites import price stood at $X per tonne in 2021, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform