Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in the Philippines - 2023
Contents:
- Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in the Philippines (CIF) - 2022
- Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in the Philippines
Price for Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in the Philippines (CIF) - 2022
The average import price for heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s stood at $7,849 per ton in 2022, increasing by 11% against the previous year. Over the period under review, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s increased by +108.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 66%. Over the period under review, average import prices hit record highs 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 Germany ($16,825 per ton), while the price for Japan ($5,973 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in the Philippines
In 2022, imports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s into the Philippines reduced to 118 tons, which is down by -8.4% on 2021. Over the period under review, imports faced a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 5.4%.
In value terms, imports of heterocyclic compounds; lactams; other than 6-hexanelactam (epsilon caprolactam)s stood at $929K in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 86.2 | 237 | 607 | 560 | 86.6% |
| China | 58.4 | 69.7 | 40.4 | 165 | 41.4% |
| Japan | 198 | 209 | 30.7 | 120 | -15.4% |
| Germany | 20.3 | 16.0 | 12.6 | 42.4 | 27.8% |
| Singapore | 142 | 18.5 | 4.5 | 20.1 | -47.9% |
| South Korea | 173 | 152 | 136 | N/A | -11.3% |
| Others | 98.1 | 65.1 | 80.7 | 21.6 | -39.6% |
| Total | 776 | 768 | 912 | 929 | 6.2% |
Top Suppliers of Heterocyclic Compounds; Lactams; Other than 6-Hexanelactam (Epsilon Caprolactam) to the Philippines in 2022:
- United States (72.9 tons)
- China (20.6 tons)
- Japan (20.0 tons)
- Germany (2.5 tons)
- Singapore (1.6 tons)
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