Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines - 2023
Contents:
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines (CIF) - 2022
- Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines (FOB) - 2022
- Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines
- Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines (CIF) - 2022
In 2022, the average import price for alcohols; aromatic and derivatives, other than benzyl alcohol amounted to $33,131 per ton, shrinking by -8.1% against the previous year. In general, the import price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 204%. Over the period under review, average import prices reached the peak figure at $38,179 per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 France ($137,660 per ton), while the price for Indonesia ($2,497 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines (FOB) - 2022
The average export price for alcohols; aromatic and derivatives, other than benzyl alcohol stood at $161,409 per ton in 2022, leveling off at the previous year. In general, the export price saw a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price decreased by -10%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +8.5% per year.
Imports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines
In 2022, purchases abroad of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by -32.3% to 155 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, imports reached the peak of 282 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of alcohols; aromatic and derivatives, other than benzyl alcohol reduced notably to $5.1M in 2022. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 3.6% against the previous year. As a result, imports reached the peak of $8.3M, and then dropped remarkably in the following year.
| Import of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3,680 | 4,945 | 3,417 | 1,901 | -19.8% |
| France | 3,281 | 2,001 | 3,723 | 1,555 | -22.0% |
| Germany | 313 | 63.8 | 441 | 1,428 | 65.9% |
| China | 14.8 | 399 | 12.1 | 72.0 | 69.4% |
| Indonesia | 134 | 38.0 | 144 | 59.3 | -23.8% |
| Russia | 422 | 163 | 103 | N/A | -50.6% |
| Belgium | 54.1 | 43.4 | 94.1 | N/A | 31.9% |
| United Kingdom | 97.7 | 114 | 138 | N/A | 18.8% |
| Others | 232 | 216 | 196 | 132 | -17.1% |
| Total | 8,228 | 7,984 | 8,268 | 5,148 | -14.5% |
Top Suppliers of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol to the Philippines in 2022:
- Germany (65.8 tons)
- United States (35.6 tons)
- Indonesia (23.7 tons)
- China (16.6 tons)
- France (11.3 tons)
Exports of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines
In 2022, overseas shipments of alcohols; aromatic and derivatives, other than benzyl alcohol decreased by 0% to 462 kg, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic descent. The pace of growth appeared the most rapid in 2020 when exports increased by 20,370% against the previous year. As a result, the exports reached the peak of 1.5K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of alcohols; aromatic and derivatives, other than benzyl alcohol totaled $75K in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 18,318%. As a result, the exports attained the peak of $2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | N/A | N/A | N/A | 74.5 | 0% |
| Japan | 10.7 | 1,804 | N/A | N/A | 16759.8% |
| China | N/A | 53.9 | N/A | N/A | 0% |
| United States | N/A | 82.9 | N/A | N/A | 0% |
| Others | 0.2 | 56.4 | N/A | 0.1 | -20.6% |
| Total | 10.8 | 1,997 | N/A | 74.6 | 90.4% |
Top Export Markets for Alcohols; Aromatic and Derivatives, Other than Benzyl Alcohol from the Philippines in 2022:
- Russia (457.0 kg)
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