Philippines - Oxirane (Ethylene Oxide) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingEthylene Oxide Price in the Philippines - 2023
Contents:
- Ethylene Oxide Price in the Philippines (FOB) - 2022
- Ethylene Oxide Price in the Philippines (CIF) - 2022
- Ethylene Oxide Exports in the Philippines
- Ethylene Oxide Imports in the Philippines
Ethylene Oxide Price in the Philippines (FOB) - 2022
In 2022, the average ethylene oxide export price amounted to $9,348 per ton, jumping by 94% against the previous year. Overall, the export price recorded a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($256,941 per ton), while the average price for exports to Indonesia stood at $3,407 per ton.
From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+179.2%).
Ethylene Oxide Price in the Philippines (CIF) - 2022
In 2022, the average ethylene oxide import price amounted to $2,452 per ton, growing by 16% against the previous year. In general, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ethylene oxide import price increased by +52.1% against 2020 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 102%. As a result, import price reached the peak level of $2,942 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
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 Taiwan (Chinese) ($4,462 per ton), while the price for South Korea ($1,205 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Ethylene Oxide Exports in the Philippines
In 2022, shipments abroad of oxirane (ethylene oxide) decreased by -88.4% to 2.7 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 304% against the previous year. As a result, the exports attained the peak of 44 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ethylene oxide exports fell significantly to $25K in 2022. In general, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 218% against the previous year. As a result, the exports reached the peak of $199K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Ethylene Oxide in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | N/A | N/A | N/A | 9.0 | 0% |
Vietnam | 62.5 | 199 | 112 | 4.6 | -58.1% |
Others | N/A | N/A | N/A | 11.5 | 0% |
Total | 62.5 | 199 | 112 | 25.1 | -26.2% |
Top Export Markets for Ethylene Oxide from the Philippines in 2022:
- Indonesia (2655.0 kg)
- Vietnam (18.0 kg)
Ethylene Oxide Imports in the Philippines
For the third consecutive year, the Philippines recorded decline in overseas purchases of oxirane (ethylene oxide), which decreased by -12.9% to 92 tons in 2022. Over the period under review, imports showed a sharp reduction.
In value terms, ethylene oxide imports totaled $226K in 2022. In general, imports saw a precipitous curtailment.
Import of Ethylene Oxide in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 235 | 123 | 23.4 | 94.3 | -26.2% |
Malaysia | 25.0 | 13.9 | 20.8 | 44.2 | 20.9% |
South Korea | 92.5 | 35.9 | 32.8 | 37.3 | -26.1% |
Taiwan (Chinese) | N/A | N/A | N/A | 22.5 | 0% |
Indonesia | 6.2 | 2.8 | 3.8 | 7.3 | 5.6% |
Hong Kong SAR | 271 | 103 | 104 | N/A | -38.1% |
Thailand | N/A | 23.7 | N/A | N/A | 0% |
Others | 178 | 57.8 | 39.3 | 20.6 | -51.3% |
Total | 808 | 360 | 224 | 226 | -34.6% |
Top Suppliers of Ethylene Oxide to the Philippines in 2022:
- Vietnam (40.5 tons)
- South Korea (30.9 tons)
- Malaysia (12.3 tons)
- Taiwan (Chinese) (5.0 tons)
- Indonesia (2.7 tons)
This report provides an in-depth analysis of the ethylene oxide market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20146373 - Oxirane (ethylene oxide)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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