Price for Monophenols; Naphthols and Their Salts in the Philippines - 2023
Contents:
- Price for Monophenols; Naphthols and Their Salts in the Philippines (CIF) - 2022
- Imports of Monophenols; Naphthols and Their Salts in the Philippines
Price for Monophenols; Naphthols and Their Salts in the Philippines (CIF) - 2022
The average import price for monophenols; naphthols and their saltses stood at $17,444 per ton in 2022, falling by -28.1% against the previous year. Overall, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 an increase of 68%. Over the period under review, average import prices reached the maximum at $44,494 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Singapore ($39,583 per ton), while the price for India ($5,038 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.0%), while the prices for the other major suppliers experienced a decline.
Imports of Monophenols; Naphthols and Their Salts in the Philippines
In 2022, approx. 94 kg of monophenols; naphthols and their saltses were imported into the Philippines; declining by -62.2% on the previous year's figure. Over the period under review, imports, however, posted significant growth. The growth pace was the most rapid in 2021 with an increase of 8,200% against the previous year. As a result, imports attained the peak of 249 kg, and then declined dramatically in the following year.
In value terms, monophenols; naphthols and their salts imports contracted significantly to $1.6K in 2022. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 3,983% against the previous year. As a result, imports reached the peak of $6K, and then fell significantly in the following year.
| Import of Monophenols; Naphthols and Their Salts in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 374 | 100 | 3,733 | 1,062 | 41.6% |
| India | 39.0 | 18.0 | 1,172 | 277 | 92.2% |
| Singapore | 12.0 | 9.0 | 282 | 69.0 | 79.2% |
| United States | 5.0 | 4.0 | 261 | 62.0 | 131.5% |
| Japan | 6.0 | 3.0 | 195 | 46.0 | 97.2% |
| Germany | 23.0 | 3.0 | 142 | 46.0 | 26.0% |
| Others | 31.0 | 11.0 | 258 | 85.0 | 40.0% |
| Total | 490 | 148 | 6,043 | 1,647 | 49.8% |
Top Suppliers of Monophenols; Naphthols and Their Salts to the Philippines in 2022:
- India (55.0 kg)
- China (28.0 kg)
- United States (6.0 kg)
- Singapore (2.0 kg)
- Germany (2.0 kg)
- Japan (1.0 kg)
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