Alkali Metals; Sodium Price in the Philippines - 2023
Contents:
- Alkali Metals; Sodium Price in the Philippines (CIF) - 2022
- Alkali Metals; Sodium Imports in the Philippines
Alkali Metals; Sodium Price in the Philippines (CIF) - 2022
The average alkali metals; sodium import price stood at $2,572 per ton in 2022, dropping by -64.6% against the previous year. Over the period under review, the import price recorded a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of 61%. Over the period under review, average import prices reached the peak figure at $8,081 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,817 per ton), while the price for Taiwan (Chinese) totaled $2,105 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+34.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Alkali Metals; Sodium Imports in the Philippines
Alkali metals; sodium imports into the Philippines soared to 15 tons in 2022, rising by 736% compared with the previous year's figure. In general, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, alkali metals; sodium imports surged to $39K in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 280%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Alkali Metals; Sodium in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.5 | 0.9 | 3.4 | 28.2 | 124.3% |
| Taiwan (Chinese) | 1.0 | 0.4 | 1.4 | 11.0 | 122.4% |
| Others | 6.7 | 2.2 | 8.5 | N/A | 12.6% |
| Total | 10.3 | 3.5 | 13.2 | 39.2 | 56.1% |
Top Suppliers of Alkali Metals; Sodium to the Philippines in 2022:
- Japan (10.0 tons)
- Taiwan (Chinese) (5.2 tons)
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