Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines - 2022

Contents:

1. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines (FOB) - 2022
2. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines (CIF) - 2022
3. Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines
4. Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines (FOB) - 2022

The average export price for oils and products of the distillation of high temperature coal tar; benzoles stood at $365 per ton in 2022, falling by -5.3% against the previous year. Overall, the export price continues to indicate a abrupt decline. The growth pace was the most rapid in 2013 an increase of 76% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,994 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to -7.5% per year.

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines (CIF) - 2022

In 2022, the average import price for oils and products of the distillation of high temperature coal tar; benzoles amounted to $10,203 per ton, jumping by 27% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $24,043 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to -0.4% per year.

Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines

For the fourth consecutive year, the Philippines recorded growth in shipments abroad of oils and products of the distillation of high temperature coal tar; benzoles, which increased by 1.7% to 11K tons in 2022. The total export volume increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 1.7% against the previous year. Over the period under review, the exports of oils and products of distillation of high temperature coal tar; benzoles reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, exports of oils and products of the distillation of high temperature coal tar; benzoles contracted modestly to $3.9M in 2022. In general, exports, however, recorded a noticeable descent. The smallest decline of -3.8% was in 2020.

Top Export Markets for Oils and Products of the Distillation of High Temperature Coal Tar; Benzole from the Philippines in 2022:

1. Taiwan (Chinese) (10.7K tons)

Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole in the Philippines

For the fourth year in a row, the Philippines recorded growth in overseas purchases of oils and products of the distillation of high temperature coal tar; benzoles, which increased by 0.5% to 187 kg in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +87.0% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 43%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of oils and products of the distillation of high temperature coal tar; benzoles surged to $1.9K in 2022. Over the period under review, imports, however, showed a abrupt downturn.

Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Benzole to the Philippines in 2022:

1. Japan (187.0 kg)

Source: IndexBox Market Intelligence Platform