Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines - 2023
Contents:
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines (CIF) - 2022
- Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines (FOB) - 2022
- Imports of Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines
- Exports of Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines
Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines (CIF) - 2022
The average import price for dyes; reactive dyes and preparations based therea stood at $5,484 per ton in 2022, waning by -19.3% against the previous year. In general, the import price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 125% against the previous year. The import price peaked at $6,795 per ton in 2021, and then declined sharply in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($11,753 per ton), while the price for China ($1,107 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+27.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines (FOB) - 2022
In 2022, the average export price for dyes; reactive dyes and preparations based therea amounted to $4,333 per ton, waning by -51.9% against the previous year. Over the period under review, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2013 when the average export price increased by 7.4% against the previous year. The export price peaked at $33,500 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bangladesh ($7,000 per ton), while the average price for exports to South Korea ($1,000 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 Bangladesh (+1.1%).
Imports of Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines
In 2022, imports of dyes; reactive dyes and preparations based therea into the Philippines soared to 415 tons, rising by 28% against 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of dyes; reactive dyes and preparations based therea expanded modestly to $2.3M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 75%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 356 | 739 | 840 | 631 | 21.0% |
| Belgium | N/A | N/A | 92.1 | 441 | 378.8% |
| India | 109 | 98.6 | 100 | 325 | 43.9% |
| Netherlands | 0.8 | 7.5 | N/A | 314 | 632.2% |
| Taiwan (Chinese) | 15.6 | 146 | 57.4 | 229 | 144.9% |
| Indonesia | 44.2 | 36.2 | 7.3 | 83.4 | 23.6% |
| China | 67.4 | 10.1 | 33.0 | 35.9 | -18.9% |
| Others | 423 | 738 | 1,072 | 214 | -20.3% |
| Total | 1,016 | 1,776 | 2,202 | 2,274 | 30.8% |
Top Suppliers of Dyes; Reactive Dyes and Preparations Based Thereon to the Philippines in 2022:
- India (166.2 tons)
- Germany (57.3 tons)
- Indonesia (39.4 tons)
- Belgium (37.5 tons)
- Taiwan (Chinese) (33.2 tons)
- China (32.5 tons)
- Netherlands (26.9 tons)
Exports of Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines
In 2022, overseas shipments of dyes; reactive dyes and preparations based therea decreased by 0% to 3 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a dramatic setback. The smallest decline of 99.9% was in 2020.
In value terms, exports of dyes; reactive dyes and preparations based therea declined dramatically to $13 in 2022. In general, exports recorded a dramatic curtailment.
| Export of Dyes; Reactive Dyes and Preparations Based Thereon in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 193 | N/A | 25.0 | 7.0 | -66.9% |
| New Zealand | N/A | N/A | N/A | 5.0 | 0% |
| South Korea | 1.0 | N/A | 1.0 | 1.0 | 0.0% |
| Vietnam | 7.0 | N/A | N/A | N/A | 0% |
| United States | N/A | N/A | 1.0 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 201 | N/A | 27.0 | 13.0 | -59.9% |
Top Export Markets for Dyes; Reactive Dyes and Preparations Based Thereon from the Philippines in 2022:
- New Zealand (1.0 kg)
- Bangladesh (1.0 kg)
- South Korea (1.0 kg)
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