Philippines - Compound Plasticisers For Rubber Or Plastics - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCompound Plasticisers Price in the Philippines - 2023
Contents:
- Compound Plasticisers Price in the Philippines (CIF) - 2022
- Compound Plasticisers Price in the Philippines (FOB) - 2022
- Compound Plasticisers Imports in the Philippines
- Compound Plasticisers Exports in the Philippines
Compound Plasticisers Price in the Philippines (CIF) - 2022
The average compound plasticisers import price stood at $1,617 per ton in 2022, dropping by -4.9% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The growth pace was the most rapid in 2014 when the average import price increased by 56%. The import price peaked at $3,529 per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($4,521 per ton), while the price for South Korea ($678 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Compound Plasticisers Price in the Philippines (FOB) - 2022
The average compound plasticisers export price stood at $2,008 per ton in 2022, which is down by -6.5% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 36%. Over the period under review, the average export prices reached the maximum at $2,646 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($2,312 per ton), while the average price for exports to Qatar amounted to $1,980 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.
Compound Plasticisers Imports in the Philippines
In 2022, the amount of compound plasticisers for rubber or plastics imported into the Philippines shrank to 4.9K tons, with a decrease of -5.6% against 2021. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 248% against the previous year. As a result, imports attained the peak of 5.2K tons, and then shrank in the following year.
In value terms, compound plasticisers imports reduced to $7.9M in 2022. Overall, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 150%. As a result, imports reached the peak of $8.8M, and then declined in the following year.
| Import of Compound Plasticisers in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3,501 | 2,017 | 5,001 | 4,500 | 8.7% |
| China | 617 | 312 | 2,393 | 2,154 | 51.7% |
| Netherlands | 55.9 | 273 | 519 | 467 | 102.9% |
| Taiwan (Chinese) | 398 | 256 | 201 | 253 | -14.0% |
| Thailand | 440 | 191 | 208 | 248 | -17.4% |
| South Korea | 50.2 | 11.4 | 87.2 | 78.5 | 16.1% |
| India | N/A | 115 | 179 | N/A | 55.7% |
| Others | 293 | 369 | 258 | 245 | -5.8% |
| Total | 5,356 | 3,545 | 8,847 | 7,945 | 14.0% |
Top Suppliers of Compound Plasticisers to the Philippines in 2022:
- China (2973.0 tons)
- Japan (995.3 tons)
- Netherlands (313.6 tons)
- Taiwan (Chinese) (285.0 tons)
- Thailand (121.7 tons)
- South Korea (115.7 tons)
Compound Plasticisers Exports in the Philippines
In 2022, overseas shipments of compound plasticisers for rubber or plastics were finally on the rise to reach 14 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous curtailment.
In value terms, compound plasticisers exports skyrocketed to $27K in 2022. In general, exports, however, continue to indicate a precipitous descent.
| Export of Compound Plasticisers in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 70.6 | 33.7 | 8.2 | 24.5 | -29.7% |
| Hong Kong SAR | 4.8 | 1.5 | 0.9 | 2.6 | -18.5% |
| Malaysia | N/A | 10.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 75.4 | 45.2 | 9.1 | 27.1 | -28.9% |
Top Export Markets for Compound Plasticisers from the Philippines in 2022:
- Qatar (12.4 tons)
- Hong Kong SAR (1.1 tons)
This report provides an in-depth analysis of the compound plasticisers 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 2030.
Product coverage:
- Prodcom 20595640 - Compound plasticisers for rubber or plastics
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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