Price for Ethylene Polymers; Waste, Parings and Scrap in the Philippines - 2023
Contents:
- Price for Ethylene Polymers; Waste, Parings and Scrap in the Philippines (FOB) - 2023
- Price for Ethylene Polymers; Waste, Parings and Scrap in the Philippines (CIF) - 2022
- Exports of Ethylene Polymers; Waste, Parings and Scrap in the Philippines
- Imports of Ethylene Polymers; Waste, Parings and Scrap in the Philippines
Price for Ethylene Polymers; Waste, Parings and Scrap in the Philippines (FOB) - 2023
In November 2023, the average export price for ethylene polymers; waste, parings and scraps amounted to $791 per ton, reducing by -4.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 when the average export price increased by 11% month-to-month. As a result, the export price reached the peak level of $887 per ton. From September 2023 to November 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($949 per ton), while the average price for exports to the United States ($438 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Ethylene Polymers; Waste, Parings and Scrap in the Philippines (CIF) - 2022
In 2022, the average import price for ethylene polymers; waste, parings and scraps amounted to $450 per ton, rising by 5.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 146% against the previous year. Over the period under review, average import prices hit record highs at $897 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($474 per ton) and Japan ($468 per ton), while the price for Australia ($431 per ton) and Taiwan (Chinese) ($442 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Ethylene Polymers; Waste, Parings and Scrap in the Philippines
In 2022, exports of ethylene polymers; waste, parings and scraps from the Philippines reduced notably to 71K tons, which is down by -18.1% on 2021. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 when exports increased by 102% against the previous year. As a result, the exports attained the peak of 87K tons, and then reduced dramatically in the following year.
In value terms, exports of ethylene polymers; waste, parings and scraps declined dramatically to $60M in 2022. Over the period under review, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 107% against the previous year. As a result, the exports attained the peak of $74M, and then dropped markedly in the following year.
| Export of Ethylene Polymers; Waste, Parings and Scrap in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.0 | 22.6 | 47.0 | 34.3 | -8.7% |
| Taiwan (Chinese) | 13.6 | 6.8 | 14.3 | 14.2 | 1.4% |
| United States | 0.5 | 1.5 | 4.3 | 3.9 | 98.3% |
| Vietnam | 5.2 | 2.6 | 6.0 | 2.5 | -21.7% |
| Malaysia | 0.5 | 0.2 | 0.7 | 2.4 | 68.7% |
| South Korea | 1.5 | 0.4 | 0.2 | 0.6 | -26.3% |
| Others | 3.9 | 1.9 | 1.8 | 2.0 | -20.0% |
| Total | 70.1 | 35.9 | 74.2 | 59.9 | -5.1% |
Top Export Markets for Ethylene Polymers; Waste, Parings and Scrap from the Philippines in 2022:
- China (35.0K tons)
- Taiwan (Chinese) (20.1K tons)
- United States (5.6K tons)
- Malaysia (3.7K tons)
- Vietnam (3.4K tons)
- South Korea (0.8K tons)
Imports of Ethylene Polymers; Waste, Parings and Scrap in the Philippines
In 2022, overseas purchases of ethylene polymers; waste, parings and scraps decreased by -63.6% to 2.3K tons, falling for the second consecutive year after two years of growth. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by 104%. As a result, imports attained the peak of 6.7K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of ethylene polymers; waste, parings and scraps dropped rapidly to $1.1M in 2022. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 365% against the previous year. As a result, imports reached the peak of $6M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Ethylene Polymers; Waste, Parings and Scrap in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | 2,318 | 752 | 374 | -59.8% |
| Japan | 651 | 314 | 1,051 | 353 | -18.5% |
| Thailand | 4.1 | N/A | 59.6 | 126 | 213.2% |
| United States | 234 | 72.2 | 513 | 101 | -24.4% |
| Hong Kong SAR | N/A | N/A | 151 | 63.6 | -57.9% |
| Taiwan (Chinese) | 9.6 | 71.1 | 110 | 34.6 | 53.3% |
| Malaysia | 335 | 3,076 | N/A | N/A | 818.2% |
| Canada | 60.8 | 143 | 44.6 | N/A | -14.4% |
| Others | 4.2 | 51.1 | 56.2 | 0.2 | -63.8% |
| Total | 1,299 | 6,045 | 2,737 | 1,052 | -6.8% |
Top Suppliers of Ethylene Polymers; Waste, Parings and Scrap to the Philippines in 2022:
- Australia (868.0 tons)
- Japan (754.8 tons)
- Thailand (282.1 tons)
- United States (213.1 tons)
- Hong Kong SAR (141.4 tons)
- Taiwan (Chinese) (78.3 tons)
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