Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the Philippines - 2023
Contents:
- Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the Philippines (CIF) - 2022
- Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the Philippines
Price for Polyphenols; Hydroquinone (Quinol) and Its Salts in the Philippines (CIF) - 2022
In 2022, the average import price for polyphenols; hydroquinone (quinol) and its saltses amounted to $9,758 per ton, jumping by 36% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($15,001 per ton), while the price for China ($2,225 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Polyphenols; Hydroquinone (Quinol) and Its Salts in the Philippines
After two years of decline, overseas purchases of polyphenols; hydroquinone (quinol) and its saltses increased by 37% to 210 tons in 2022. The total import volume increased at an average annual rate of +6.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of polyphenols; hydroquinone (quinol) and its saltses soared to $2M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Polyphenols; Hydroquinone (Quinol) and Its Salts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,068 | 1,064 | 901 | 1,891 | 21.0% |
| India | 10.2 | 6.7 | 29.8 | 121 | 128.1% |
| China | 89.2 | 70.0 | 4.8 | 28.7 | -31.5% |
| Singapore | 106 | 10.0 | 20.1 | 5.0 | -63.9% |
| United States | 112 | 21.6 | 2.2 | 0.3 | -86.1% |
| France | 127 | 129 | 141 | N/A | 5.4% |
| Others | 0.4 | 0.8 | 0.6 | 0.6 | 14.5% |
| Total | 1,513 | 1,302 | 1,099 | 2,047 | 10.6% |
Top Suppliers of Polyphenols; Hydroquinone (Quinol) and Its Salts to the Philippines in 2022:
- Japan (186.8 tons)
- China (12.9 tons)
- India (8.1 tons)
- Singapore (1.9 tons)
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