Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the Philippines - 2023
Contents:
- Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the Philippines (CIF) - 2022
- Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the Philippines
Price for Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the Philippines (CIF) - 2022
The average import price for acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses stood at $29,711 per ton in 2022, growing by 1.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 79%. The import price peaked at $36,872 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Germany.
From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to -5.7% per year.
Imports of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the Philippines
Imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses into the Philippines reduced remarkably to 38 kg in 2022, which is down by -65.1% compared with the previous year. In general, imports recorded a precipitous setback. The smallest decline of -25.3% was in 2020.
In value terms, imports of acids; aromatic monocarboxylic acids, phenylacetic acid and its saltses reduced dramatically to $1.1K in 2022. Over the period under review, imports faced a sharp setback. The smallest decline of -43.3% was in 2020.
| Import of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 8.8 | 10.0 | 3.1 | 1.1 | -50.0% |
| China | 14.2 | N/A | N/A | N/A | 0% |
| United States | 0.8 | 3.5 | 0.1 | N/A | -64.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.8 | 13.5 | 3.2 | 1.1 | -64.1% |
Top Suppliers of Acids; Aromatic Monocarboxylic Acids, Phenylacetic Acid and Its Salts to the Philippines in 2022:
- Germany (38.0 kg)
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