Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in the Philippines - 2023
Contents:
- Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in the Philippines (CIF) - 2023
- Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in the Philippines
Price for Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in the Philippines (CIF) - 2023
In July 2023, the average import price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses amounted to $1,053 per ton, waning by -12.3% against the previous month. Overall, import price indicated modest growth from December 2022 to July 2023: its price increased at an average monthly rate of +1.4% over the last seven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, import price for acids; aromatic polycarboxylic acids; dioctyl orthophthalateses decreased by -12.3% against June 2023 indices. The pace of growth appeared the most rapid in February 2023 an increase of 69% against the previous month. As a result, import price attained the peak level of $1,400 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was South Korea ($1,536 per ton), while the price for Taiwan (Chinese) ($965 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in the Philippines
In 2022, supplies from abroad of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses increased by 40% to 5.3K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of acids; aromatic polycarboxylic acids; dioctyl orthophthalateses amounted to $5.7M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 27%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1.7 | 1.4 | 2.3 | 3.4 | 26.0% |
| South Korea | 3.0 | 1.4 | 1.7 | 1.4 | -22.4% |
| Malaysia | 0.1 | 0.9 | 0.4 | 0.5 | 71.0% |
| Vietnam | N/A | 0.1 | 0.4 | 0.2 | 41.4% |
| China | N/A | 0.1 | 0.1 | N/A | 0.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 4.8 | 3.9 | 5.0 | 5.7 | 5.9% |
Top Suppliers of Acids; Aromatic Polycarboxylic Acids; Dioctyl Orthophthalates to the Philippines in 2022:
- Taiwan (Chinese) (3855.7 tons)
- South Korea (880.8 tons)
- Malaysia (312.4 tons)
- Vietnam (192.0 tons)
- China (36.8 tons)
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