Price for Colouring Matter; Ultramarine and Preparations Based Thereon in the Philippines - 2023
Contents:
- Price for Colouring Matter; Ultramarine and Preparations Based Thereon in the Philippines (CIF) - 2022
- Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in the Philippines
Price for Colouring Matter; Ultramarine and Preparations Based Thereon in the Philippines (CIF) - 2022
The average import price for colouring matter; ultramarine and preparations based therea stood at $849 per ton in 2022, reducing by -25% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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; ultramarine and preparations based therea increased by +10.8% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 39%. The import price peaked at $1,132 per ton in 2021, and then contracted markedly in the following year.
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 Thailand ($6,479 per ton), while the price for India ($357 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Colouring Matter; Ultramarine and Preparations Based Thereon in the Philippines
In 2022, after two years of decline, there was growth in overseas purchases of colouring matter; ultramarine and preparations based therea, when their volume increased by 4.6% to 839 tons. Overall, imports, however, recorded a deep slump.
In value terms, imports of colouring matter; ultramarine and preparations based therea declined sharply to $712K in 2022. Over the period under review, imports, however, showed a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports reached the peak of $907K, and then contracted dramatically in the following year.
| Import of Colouring Matter; Ultramarine and Preparations Based Thereon in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 369 | 262 | 247 | 206 | -17.7% |
| Vietnam | 80.0 | 213 | 153 | 193 | 34.1% |
| France | 70.1 | 82.4 | 105 | 131 | 23.2% |
| Romania | 192 | 54.5 | 198 | 38.5 | -41.5% |
| China | 120 | 25.4 | 3.0 | 25.4 | -40.4% |
| Others | 69.1 | 109 | 202 | 118 | 19.5% |
| Total | 900 | 747 | 907 | 712 | -7.5% |
Top Suppliers of Colouring Matter; Ultramarine and Preparations Based Thereon to the Philippines in 2022:
- India (578.5 tons)
- Vietnam (186.3 tons)
- France (29.0 tons)
- China (18.8 tons)
- Romania (6.2 tons)
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