Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines - 2024
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines (CIF) - 2024
- Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines
Price for Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines (CIF) - 2024
The average import price for acids; aromatic polycarboxylic acids; phthalic anhydrides stood at $1,080 per ton in July 2023, declining by -2.8% against the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 an increase of 11% against the previous month. The import price peaked at $1,221 per ton in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Taiwan (Chinese) ($1,165 per ton) and South Korea ($1,136 per ton), while the price for China ($1,020 per ton) and Japan ($1,125 per ton) were amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines
Imports of acids; aromatic polycarboxylic acids; phthalic anhydrides into the Philippines declined markedly to 5.5K tons in 2022, reducing by -37.7% compared with 2021. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 55% against the previous year. As a result, imports reached the peak of 8.9K tons, and then dropped notably in the following year.
In value terms, imports of acids; aromatic polycarboxylic acids; phthalic anhydrides shrank sharply to $6.3M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 104%. As a result, imports attained the peak of $8.6M, and then fell significantly in the following year.
| Import of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 3.2 | 2.2 | 5.2 | 4.1 | 8.6% |
| Taiwan (Chinese) | 0.7 | 0.2 | 1.0 | 1.0 | 12.6% |
| Japan | 1.5 | 1.2 | 1.0 | 0.9 | -15.7% |
| China | 0.8 | 0.5 | 1.3 | 0.3 | -27.9% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 6.2 | 4.2 | 8.6 | 6.3 | 0.5% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Phthalic Anhydride to the Philippines in 2022:
- South Korea (3.6K tons)
- Taiwan (Chinese) (0.9K tons)
- Japan (0.8K tons)
- China (0.2K tons)
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