Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines - 2024
Contents:
- Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines (CIF) - 2022
- Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines (FOB) - 2022
- Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines
- Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines
Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines (CIF) - 2022
The average import price for colouring matter; pigments and preparations based on chromium compoundses stood at $5,124 per ton in 2022, rising by 5.4% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for colouring matter; pigments and preparations based on chromium compoundses increased by +49.5% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($8,455 per ton), while the price for Canada ($2,178 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines (FOB) - 2022
The average export price for colouring matter; pigments and preparations based on chromium compoundses stood at $4,030 per ton in 2021, remaining constant against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2020 when the average export price increased by 23% against the previous year. As a result, the export price attained the peak level of $4,053 per ton, leveling off in the following year.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2021, the rate of growth in terms of prices for Thailand amounted to +1.0% per year.
Imports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines
For the third year in a row, the Philippines recorded decline in overseas purchases of colouring matter; pigments and preparations based on chromium compoundses, which decreased by -40.7% to 171 tons in 2022. Overall, imports recorded a significant contraction. The smallest decline of -16.2% was in 2020.
In value terms, imports of colouring matter; pigments and preparations based on chromium compoundses contracted sharply to $877K in 2022. In general, imports faced a significant decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 7% against the previous year.
| Import of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 485 | 525 | 500 | 518 | 2.2% |
| Japan | 124 | 443 | 402 | 142 | 4.6% |
| China | 149 | 124 | 67.8 | 125 | -5.7% |
| South Korea | 567 | 66.0 | 33.6 | 56.1 | -53.7% |
| Canada | N/A | N/A | 104 | 22.7 | -78.2% |
| India | 215 | 109 | 286 | N/A | 15.3% |
| Others | 175 | 44.1 | 7.8 | 12.7 | -58.3% |
| Total | 1,716 | 1,310 | 1,401 | 877 | -20.0% |
Top Suppliers of Colouring Matter; Pigments and Preparations Based On Chromium Compounds to the Philippines in 2022:
- Taiwan (Chinese) (98.3 tons)
- China (28.4 tons)
- Japan (26.1 tons)
- Canada (10.4 tons)
- South Korea (6.6 tons)
Exports of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines
In 2021, shipments abroad of colouring matter; pigments and preparations based on chromium compoundses decreased by -55.7% to 33 tons for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a dramatic contraction. The pace of growth appeared the most rapid in 2020 with an increase of 16%. As a result, the exports reached the peak of 75 tons, and then dropped rapidly in the following year.
In value terms, exports of colouring matter; pigments and preparations based on chromium compoundses dropped rapidly to $133K in 2021. Over the period under review, exports faced a sharp descent. The pace of growth appeared the most rapid in 2020 when exports increased by 43%. As a result, the exports attained the peak of $302K, and then contracted sharply in the following year.
| Export of Colouring Matter; Pigments and Preparations Based On Chromium Compounds in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Indonesia | 128 | 207 | 133 | 1.9% | |
| Thailand | 10.7 | 10.7 | N/A | 0.0% | |
| Vietnam | N/A | 11.0 | N/A | 0% | |
| Malaysia | 41.4 | 31.1 | N/A | -24.9% | |
| United States | 5.6 | N/A | N/A | 0% | |
| Singapore | 13.0 | N/A | N/A | 0% | |
| Pakistan | 13.1 | 42.5 | N/A | 224.4% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 212 | 302 | 133 | -20.8% | |
Top Export Markets for Colouring Matter; Pigments and Preparations Based On Chromium Compounds from the Philippines in 2022:
- Indonesia (33.0 tons)
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