Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines - 2023
Contents:
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines (CIF) - 2022
- Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines (FOB) - 2022
- Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines
- Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines (CIF) - 2022
In 2022, the average import price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 amounted to $7,535 per ton, surging by 81% against the previous year. Overall, the import price recorded a resilient increase. The growth pace was the most rapid in 2018 an increase of 661% against the previous year. As a result, import price reached the peak level of $34,937 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,757 per ton), while the price for India ($1,434 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines (FOB) - 2022
In 2022, the average export price for alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 amounted to $1,497 per ton, shrinking by -16.6% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 1,850% against the previous year. As a result, the export price reached the peak level of $10,808 per ton. From 2019 to 2022, the average export prices remained 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 +1.5% per year.
Imports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines
In 2022, approx. 177 tons of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 were imported into the Philippines; growing by 63% against 2021. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 1,236%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 skyrocketed to $1.3M in 2022. In general, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 580% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 204 | 10.3 | 156 | 367 | 21.6% |
| Singapore | 12.4 | 22.1 | 26.4 | 62.0 | 71.0% |
| Japan | 53.9 | 12.7 | 18.7 | 61.0 | 4.2% |
| China | 41.0 | 12.2 | 3.5 | 27.3 | -12.7% |
| South Korea | 7.6 | 4.0 | 5.5 | 13.4 | 20.8% |
| India | 4.3 | 2.0 | 2.6 | 5.4 | 7.9% |
| Pakistan | N/A | N/A | 178 | N/A | 0% |
| Others | 18.9 | 3.1 | 61.1 | 799 | 248.4% |
| Total | 343 | 66.3 | 451 | 1,334 | 57.3% |
Top Suppliers of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 to the Philippines in 2022:
- United States (31.2 tons)
- Japan (25.5 tons)
- Singapore (7.8 tons)
- China (7.5 tons)
- South Korea (5.3 tons)
- India (3.8 tons)
Exports of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines
In 2022, exports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 from the Philippines surged to 4.6 tons, rising by 113% compared with the previous year. Overall, exports, however, saw a abrupt decrease.
In value terms, exports of alcohols; acyclic, unsaturated monohydric, n.e.s in item no. 2905.2 surged to $6.9K in 2022. In general, exports, however, recorded a abrupt curtailment.
| Export of Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 12.1 | 10.0 | 3.9 | 6.9 | -17.1% |
| Others | -12.1 | N/A | N/A | N/A | 0% |
| Total | N/A | 10.0 | 3.9 | 6.9 | -16.9% |
Top Export Markets for Alcohols; Acyclic, Unsaturated Monohydric, N.E.S in Item No. 2905.2 from the Philippines in 2022:
- Taiwan (Chinese) (4.6 tons)
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