Cerium Compounds Price in the Philippines - 2023
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Cerium Compounds Price in the Philippines (CIF) - 2022
In 2022, the average cerium compounds import price amounted to $22,903 per ton, rising by 12% against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 1,311% against the previous year. Over the period under review, average import prices attained the peak figure at $37,309 per ton in 2012; however, from 2013 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 ($119,000 per ton), while the price for Japan ($22,756 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+25.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Cerium Compounds Imports in the Philippines
In 2022, overseas purchases of cerium compoundses decreased by -17.8% to 7.2 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 1,049% against the previous year. As a result, imports reached the peak of 8.7 tons, and then fell significantly in the following year.
In value terms, cerium compounds imports dropped to $164K in 2022. Over the period under review, imports, however, recorded significant growth. The growth pace was the most rapid in 2021 with an increase of 591%. As a result, imports attained the peak of $179K, and then reduced in the following year.
Import of Cerium Compounds in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 10.5 | 13.6 | 164 | 161 | 148.4% |
Others | 8.4 | 12.2 | 14.4 | 2.6 | -32.4% |
Total | 18.9 | 25.8 | 179 | 164 | 105.5% |
Top Suppliers of Cerium Compounds to the Philippines in 2022:
- Japan (7.1 tons)
This report provides an in-depth analysis of the market for compounds of rare-earth metals in the Philippines.
This report provides an in-depth analysis of the global market for compounds of rare-earth metals.
This report provides an in-depth analysis of the market for compounds of rare-earth metals in the Philippines.
This report provides an in-depth analysis of the global market for compounds of rare-earth metals.
Explore the top import markets for compounds of rare-earth metals, including key statistics and import values for each country. Discover the importance of these materials in global industries and technology advancements.
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