Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the Philippines - 2023
Contents:
- Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the Philippines (CIF) - 2022
- Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the Philippines
Price for Sodium Hexafluoroaluminate (Synthetic Cryolite) in the Philippines (CIF) - 2022
The average sodium hexafluoroaluminate (synthetic cryolite) import price stood at $877 per ton in 2022, almost unchanged from the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2015 an increase of 13% against the previous year. Over the period under review, average import prices reached the peak figure at $1,151 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +14.4% per year.
Imports of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the Philippines
Sodium hexafluoroaluminate (synthetic cryolite) imports into the Philippines contracted rapidly to 390 tons in 2022, waning by -33% on the year before. Overall, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 194% against the previous year. As a result, imports attained the peak of 582 tons, and then dropped rapidly in the following year.
In value terms, sodium hexafluoroaluminate (synthetic cryolite) imports dropped sharply to $342K in 2022. Over the period under review, imports, however, enjoyed a moderate expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 178%. As a result, imports attained the peak of $503K, and then declined significantly in the following year.
| Import of Sodium Hexafluoroaluminate (Synthetic Cryolite) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 300 | 181 | 495 | 342 | 4.5% |
| Others | N/A | N/A | 7.8 | N/A | 0% |
| Total | 300 | 181 | 503 | 342 | 4.5% |
Top Suppliers of Sodium Hexafluoroaluminate (Synthetic Cryolite) to the Philippines in 2022:
- China (390.0 tons)
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