Price for Dyes; Pigments and Preparations Based Thereon in the Philippines - 2023
Contents:
- Price for Dyes; Pigments and Preparations Based Thereon in the Philippines (CIF) - 2022
- Price for Dyes; Pigments and Preparations Based Thereon in the Philippines (FOB) - 2022
- Imports of Dyes; Pigments and Preparations Based Thereon in the Philippines
- Exports of Dyes; Pigments and Preparations Based Thereon in the Philippines
Price for Dyes; Pigments and Preparations Based Thereon in the Philippines (CIF) - 2022
The average import price for dyes; pigments and preparations based therea stood at $7,720 per ton in 2022, which is down by -9.8% against the previous year. Over the period under review, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for dyes; pigments and preparations based therea increased by +48.1% against 2016 indices. The growth pace was the most rapid in 2021 when the average import price increased by 13%. As a result, import price reached the peak level of $8,556 per ton, and then shrank in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($28,600 per ton), while the price for Vietnam ($1,272 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 (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Pigments and Preparations Based Thereon in the Philippines (FOB) - 2022
The average export price for dyes; pigments and preparations based therea stood at $10,274 per ton in 2022, jumping by 39% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 74%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Pakistan ($16,037 per ton), while the average price for exports to Malaysia ($4,013 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+53.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Dyes; Pigments and Preparations Based Thereon in the Philippines
In 2022, the amount of dyes; pigments and preparations based therea imported into the Philippines reduced to 3.5K tons, shrinking by -9.5% compared with 2021 figures. Over the period under review, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year.
In value terms, imports of dyes; pigments and preparations based therea declined rapidly to $27M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, imports reached the peak of $33M, and then declined rapidly in the following year.
| Import of Dyes; Pigments and Preparations Based Thereon in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.8 | 10.3 | 13.8 | 10.4 | -4.1% |
| India | 5.4 | 4.3 | 6.7 | 5.3 | -0.6% |
| Taiwan (Chinese) | 2.1 | 1.5 | 1.6 | 1.6 | -8.7% |
| Japan | 1.2 | 1.6 | 1.3 | 1.6 | 10.1% |
| South Korea | 1.3 | 0.7 | 1.0 | 1.6 | 7.2% |
| Indonesia | 1.1 | 1.2 | 1.7 | 1.4 | 8.4% |
| Vietnam | 0.3 | 0.3 | 0.1 | 0.3 | 0.0% |
| Others | 4.9 | 3.5 | 7.2 | 5.2 | 2.0% |
| Total | 28.1 | 23.3 | 33.4 | 27.3 | -1.0% |
Top Suppliers of Dyes; Pigments and Preparations Based Thereon to the Philippines in 2022:
- China (1479.3 tons)
- India (707.4 tons)
- Taiwan (Chinese) (276.7 tons)
- Vietnam (212.5 tons)
- Indonesia (199.5 tons)
- South Korea (184.0 tons)
- Japan (161.8 tons)
Exports of Dyes; Pigments and Preparations Based Thereon in the Philippines
In 2022, overseas shipments of dyes; pigments and preparations based therea decreased by -59.6% to 45 tons, falling for the second year in a row after two years of growth. Overall, exports saw a precipitous decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 3.3%. As a result, the exports attained the peak of 151 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of dyes; pigments and preparations based therea declined markedly to $467K in 2022. Over the period under review, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 34% against the previous year. As a result, the exports reached the peak of $1.1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Dyes; Pigments and Preparations Based Thereon in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 60.7 | 26.1 | 81.9 | 129 | 28.6% |
| Myanmar | 388 | 514 | 414 | 103 | -35.7% |
| New Caledonia | 100 | 117 | 95.0 | 89.6 | -3.6% |
| Wallis and Futuna Islands | N/A | N/A | N/A | 31.0 | 0% |
| Indonesia | N/A | 0.8 | 64.4 | 26.8 | 478.8% |
| France | N/A | N/A | N/A | 19.2 | 0% |
| Malaysia | 106 | 190 | 116 | 18.5 | -44.1% |
| United States | N/A | 125 | N/A | N/A | 0% |
| India | 52.8 | 9.0 | N/A | N/A | -83.0% |
| Singapore | 42.3 | N/A | 29.6 | N/A | -16.3% |
| Turkey | 32.7 | N/A | N/A | N/A | 0% |
| Others | 32.6 | 114 | 30.7 | 49.0 | 14.5% |
| Total | 816 | 1,096 | 832 | 467 | -17.0% |
Top Export Markets for Dyes; Pigments and Preparations Based Thereon from the Philippines in 2022:
- Myanmar (11.7 tons)
- New Caledonia (8.9 tons)
- Russia (8.2 tons)
- Malaysia (4.6 tons)
- Wallis and Futuna Islands (3.5 tons)
- Indonesia (2.3 tons)
- France (1.9 tons)
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