Philippines - Expansible Polystyrene In Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExpansible Polystyrene Price in the Philippines - 2023
Contents:
- Expansible Polystyrene Price in the Philippines (CIF) - 2023
- Expansible Polystyrene Price in the Philippines (FOB) - 2022
- Expansible Polystyrene Imports in the Philippines
- Expansible Polystyrene Exports in the Philippines
Expansible Polystyrene Price in the Philippines (CIF) - 2023
In June 2023, the average expansible polystyrene import price amounted to $1,286 per ton, falling by -8.2% against the previous month. Overall, the import price continues to indicate a noticeable decline. The pace of growth appeared the most rapid in October 2022 an increase of 19% m-o-m. As a result, import price reached the peak level of $2,089 per ton. From November 2022 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($3,472 per ton), while the price for China ($816 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (0.0%), while the prices for the other major suppliers experienced a decline.
Expansible Polystyrene Price in the Philippines (FOB) - 2022
The average expansible polystyrene export price stood at $965 per ton in July 2022, increasing by 4.7% against the previous month. In general, the export price continues to indicate a mild expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2021 to July 2022, the rate of growth in terms of prices for China amounted to +1.6% per month.
Expansible Polystyrene Imports in the Philippines
In 2022, approx. 17K tons of expansible polystyrene in primary forms were imported into the Philippines; falling by -3.7% against the year before. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 34%.
In value terms, expansible polystyrene imports fell slightly to $31M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, imports attained the peak of $31M, leveling off in the following year.
Import of Expansible Polystyrene in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 11.3 | 6.9 | 14.3 | 18.8 | 18.5% |
China | 6.0 | 4.6 | 6.5 | 4.5 | -9.1% |
Thailand | 5.1 | 2.1 | 4.5 | 3.0 | -16.2% |
Japan | 1.6 | 1.9 | 2.2 | 2.2 | 11.2% |
United States | 0.1 | 0.3 | 1.1 | 1.0 | 115.4% |
Malaysia | 0.1 | 0.1 | 0.4 | 0.8 | 100.0% |
Hong Kong SAR | 4.9 | N/A | 0.7 | 0.2 | -65.6% |
Others | 1.9 | 2.7 | 1.5 | 0.5 | -35.9% |
Total | 30.9 | 18.6 | 31.1 | 31.0 | 0.1% |
Top Suppliers of Expansible Polystyrene to the Philippines in 2022:
- Taiwan (Chinese) (12.0K tons)
- China (3.1K tons)
- Thailand (0.8K tons)
- Japan (0.5K tons)
- United States (0.3K tons)
- Malaysia (0.3K tons)
- Hong Kong SAR (0.1K tons)
Expansible Polystyrene Exports in the Philippines
Expansible polystyrene exports from the Philippines soared to 277 tons in 2022, increasing by 18% on 2021 figures. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 4,851% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, expansible polystyrene exports surged to $254K in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 587%. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Expansible Polystyrene in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 88.1 | N/A | 201 | 254 | 42.3% |
Malaysia | 7.7 | N/A | N/A | N/A | 0% |
Others | 12.3 | 30.4 | 8.5 | N/A | -16.9% |
Total | 108 | 30.4 | 209 | 254 | 33.0% |
Top Export Markets for Expansible Polystyrene from the Philippines in 2022:
- China (276.9 tons)
This report provides an in-depth analysis of the expansible polystyrene 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 20162035 - Expansible polystyrene, in primary forms
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
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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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