Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines - 2024
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines (CIF) - 2024
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines (FOB) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines
- Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines (CIF) - 2024
In July 2023, the average import price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses amounted to $2,777 per ton, growing by 11% against the previous month. Over the period from January 2023 to July 2023, it increased at an average monthly rate of +4.1%. The most prominent rate of growth was recorded in February 2023 an increase of 30% month-to-month. As a result, import price attained the peak level of $2,837 per ton; afterwards, it flattened through to July 2023.
Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,923 per ton), while the price for China ($1,373 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by Canada (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines (FOB) - 2022
The average export price for acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses stood at $2,246 per ton in 2021, rising by 54% against the previous year. Over the period under review, the export price showed strong growth. The pace of growth was the most pronounced in 2013 an increase of 979%. As a result, the export price reached the peak level of $10,275 per ton. From 2014 to 2021, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2021, the rate of growth in terms of prices for India amounted to 0.0% per year.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines
In 2022, approx. 1.7K tons of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses were imported into the Philippines; shrinking by -20% compared with 2021 figures. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of 2.1K tons, and then fell remarkably in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses fell markedly to $4.4M in 2022. Overall, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. As a result, imports attained the peak of $6.6M, and then dropped remarkably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 905 | 1,121 | 2,031 | 1,451 | 17.0% |
| China | 382 | 278 | 1,191 | 721 | 23.6% |
| Norway | 324 | 373 | 769 | 537 | 18.3% |
| South Africa | 246 | 308 | 450 | 397 | 17.3% |
| United States | 658 | 421 | 719 | 350 | -19.0% |
| Canada | 189 | 112 | 330 | 241 | 8.4% |
| Germany | 193 | 156 | 331 | 230 | 6.0% |
| Taiwan (Chinese) | 113 | 82.4 | 107 | 133 | 5.6% |
| Malaysia | 235 | 114 | 195 | 114 | -21.4% |
| Italy | 223 | 51.0 | 94.6 | 59.1 | -35.8% |
| Belgium | 69.4 | 105 | 122 | 30.7 | -23.8% |
| Others | 318 | 141 | 237 | 150 | -22.2% |
| Total | 3,855 | 3,262 | 6,577 | 4,414 | 4.6% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters to the Philippines in 2022:
- Netherlands (379.9 tons)
- China (364.6 tons)
- Norway (297.9 tons)
- South Africa (147.1 tons)
- United States (103.2 tons)
- Germany (82.3 tons)
- Canada (79.6 tons)
- Taiwan (Chinese) (65.5 tons)
- Malaysia (48.5 tons)
- Italy (20.4 tons)
- Belgium (16.2 tons)
Exports of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines
In 2021, the amount of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses exported from the Philippines fell significantly to 7.2 tons, shrinking by -72.4% against 2020. Overall, exports faced a significant curtailment.
In value terms, exports of acids; saturated acyclic monocarboxylic acids; propionic acid, its salts and esterses contracted remarkably to $16K in 2021. In general, exports recorded a significant curtailment.
| Export of Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Malaysia | N/A | 16.1 | 0% | ||
| Nigeria | 25.9 | N/A | 0% | ||
| Thailand | 8.6 | N/A | 0% | ||
| Vietnam | 3.4 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 38.0 | 16.1 | -57.6% | ||
Top Export Markets for Acids; Saturated Acyclic Monocarboxylic Acids; Propionic Acid, Its Salts and Esters from the Philippines in 2022:
- Malaysia (7.2 tons)
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