Price for Ether-Alcohols And Their Halogenated, Sulphonated, Nitrated Or Nitrosated Derivatives (Excluding 2,2-Oxydiethanol) in the Philippines - 2023
Contents:
- Price for Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (CIF) - 2022
- Price for Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (FOB) - 2022
- Imports of Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
- Exports of Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
Price for Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (CIF) - 2022
The average import price for ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) stood at $1,958 per ton in 2022, picking up by 21% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.8% 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 ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) increased by +66.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.
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 Japan ($4,125 per ton), while the price for South Korea ($1,436 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (FOB) - 2022
In 2022, the average export price for ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) amounted to $3,815 per ton, jumping by 18% against the previous year. Overall, the export price posted a moderate increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($4,800 per ton) and Malaysia ($4,210 per ton), while the average price for exports to Japan ($3,628 per ton) and South Korea ($4,121 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
In 2022, imports of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) into the Philippines reduced to 11K tons, which is down by -14.5% on the previous year's figure. Over the period under review, total imports indicated mild growth from 2019 to 2022: its volume increased at an average annual rate of +1.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports reached the peak of 13K tons, and then contracted in the following year.
In value terms, imports of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) stood at $22M in 2022. In general, imports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 102%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 4.1 | 2.3 | 6.1 | 7.1 | 20.1% |
| United States | 2.4 | 2.9 | 5.0 | 6.1 | 36.5% |
| Saudi Arabia | 0.5 | 0.2 | 2.1 | 2.4 | 68.7% |
| China | 0.8 | 0.6 | 0.9 | 1.7 | 28.6% |
| Japan | 1.8 | 1.7 | 2.4 | 1.6 | -3.9% |
| South Korea | 0.3 | 0.4 | 0.3 | 1.2 | 58.7% |
| Singapore | 1.5 | 1.3 | 2.4 | 0.2 | -48.9% |
| Others | 0.9 | 0.9 | 1.6 | 1.3 | 13.0% |
| Total | 12.3 | 10.3 | 20.7 | 21.5 | 20.5% |
Top Suppliers of Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives to the Philippines in 2022:
- Malaysia (4.0K tons)
- United States (3.2K tons)
- Saudi Arabia (1.0K tons)
- China (0.9K tons)
- South Korea (0.8K tons)
- Japan (0.4K tons)
- Singapore (0.1K tons)
Exports of Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines
Exports of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) from the Philippines soared to 181 tons in 2022, with an increase of 3,096% against 2021 figures. Overall, exports, however, faced a precipitous decline.
In value terms, exports of ether-alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives (excluding 2,2-oxydiethanol) surged to $689K in 2022. Over the period under review, exports, however, recorded a sharp decline.
| Export of Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,350 | N/A | 18.3 | 437 | -31.3% |
| South Korea | 286 | N/A | N/A | 152 | -19.0% |
| Malaysia | 323 | N/A | N/A | 84.2 | -36.1% |
| China | 52.6 | N/A | N/A | 14.4 | -35.1% |
| Others | 85.0 | N/A | N/A | 0.4 | -83.2% |
| Total | 2,096 | N/A | 18.3 | 689 | -31.0% |
Top Export Markets for Ether-Alcohols and Their Halogenated, Sulphonated, Nitrated or Nitrosated Derivatives from the Philippines in 2022:
- Japan (120.5 tons)
- South Korea (37.0 tons)
- Malaysia (20.0 tons)
- China (3.0 tons)
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