Philippines: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in the Philippines

In 2023, the Philippine gypsum, anhydrite and limestone market decreased by X% to $X, falling for the second year in a row after five years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Gypsum, Anhydrite And Limestone in the Philippines

In value terms, gypsum, anhydrite and limestone production expanded modestly to $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Gypsum, Anhydrite And Limestone

Exports from the Philippines

Gypsum, anhydrite and limestone exports from the Philippines soared to X tons in 2023, rising by X% against 2022. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

In value terms, gypsum, anhydrite and limestone exports soared to $X in 2023. Over the period under review, exports posted a noticeable increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

New Caledonia (X tons) was the main destination for gypsum, anhydrite and limestone exports from the Philippines, accounting for a X% share of total exports. Moreover, gypsum, anhydrite and limestone exports to New Caledonia exceeded the volume sent to the second major destination, Indonesia (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to New Caledonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, New Caledonia ($X) remains the key foreign market for gypsum, anhydrite and limestone exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to New Caledonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2023, the average gypsum, anhydrite and limestone export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a mild descent. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then contracted rapidly in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gypsum, Anhydrite And Limestone

Imports into the Philippines

Gypsum, anhydrite and limestone imports into the Philippines contracted markedly to X tons in 2023, which is down by X% against the previous year. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, gypsum, anhydrite and limestone imports dropped significantly to $X in 2023. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Oman (X tons), South Korea (X tons) and Thailand (X tons) were the main suppliers of gypsum, anhydrite and limestone imports to the Philippines.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gypsum, anhydrite and limestone suppliers to the Philippines were Oman ($X), South Korea ($X) and Thailand ($X), together comprising X% of total imports.

Oman, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gypsum, anhydrite and limestone import price stood at $X per ton in 2023, approximately equating the previous year. In general, the import price, however, continues to indicate a deep slump. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform