Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the Philippines - 2023
Contents:
- Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the Philippines (CIF) - 2022
- Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the Philippines
Price for Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the Philippines (CIF) - 2022
In 2022, the average import price for alcohols; aromatic alcohols and derivatives, benzyl alcohol amounted to $3,520 per ton, shrinking by -13.5% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 alcohols; aromatic alcohols and derivatives, benzyl alcohol increased by +13.1% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 46%. Over the period under review, average import prices attained the maximum at $5,531 per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Malaysia ($32,680 per ton), while the price for India ($2,210 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+24.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the Philippines
Imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol into the Philippines surged to 55 tons in 2022, picking up by 117% compared with the year before. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of alcohols; aromatic alcohols and derivatives, benzyl alcohol soared to $192K in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +16.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.9 | 34.2 | 12.4 | 104 | 58.9% |
| Germany | 5.5 | 9.6 | 3.2 | 21.5 | 57.5% |
| Singapore | 26.8 | 43.7 | 31.1 | 20.6 | -8.4% |
| India | 8.6 | 13.1 | 9.0 | 19.4 | 31.1% |
| Israel | 0.4 | 0.4 | 1.8 | 7.1 | 160.9% |
| Others | 56.2 | 38.9 | 45.1 | 20.0 | -29.1% |
| Total | 123 | 140 | 103 | 192 | 16.0% |
Top Suppliers of Alcohols; Aromatic Alcohols and Derivatives, Benzyl Alcohol to the Philippines in 2022:
- China (37.2 tons)
- India (8.8 tons)
- Singapore (4.2 tons)
- Germany (1.9 tons)
- Israel (1.6 tons)
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