Philippines: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in the Philippines

The Philippine barium or aluminium sulphates market dropped modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, enjoyed a strong expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Sulphates Of Barium Or Aluminium in the Philippines

In value terms, barium or aluminium sulphates production fell modestly to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Sulphates Of Barium Or Aluminium

Exports from the Philippines

In 2022, the amount of sulphates of barium or aluminium exported from the Philippines surged to X tons, growing by X% on the previous year's figure. Overall, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, barium or aluminium sulphates exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Japan (X tons) was the main destination for barium or aluminium sulphates exports from the Philippines, with a X% share of total exports. Moreover, barium or aluminium sulphates exports to Japan exceeded the volume sent to the second major destination, Pakistan (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Japan stood at X%.

In value terms, Japan ($X) remains the key foreign market for sulphates of barium or aluminium exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Japan stood at X%.

Export Prices by Country

The average barium or aluminium sulphates export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price, however, saw a abrupt setback. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Pakistan totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into the Philippines

Barium or aluminium sulphates imports into the Philippines contracted modestly to X tons in 2022, reducing by X% compared with the previous year's figure. Over the period under review, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports shrank to $X in 2022. Overall, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Indonesia (X tons) and China (X tons) were the main suppliers of barium or aluminium sulphates imports to the Philippines.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of X%).

In value terms, the largest barium or aluminium sulphates suppliers to the Philippines were China ($X) and Indonesia ($X).

Indonesia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Indonesia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform