Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the Philippines - 2023
Contents:
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the Philippines (CIF) - 2023
- Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the Philippines
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the Philippines (CIF) - 2023
The average import price for aldehydes; cyclic, without other oxygen function, benzaldehydes stood at $1,797 per ton in November 2023, waning by -2.2% against the previous month. Overall, the import price showed a mild contraction. The pace of growth appeared the most rapid in July 2023 an increase of 4.4% against the previous month. Over the period under review, average import prices reached the maximum at $2,156 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($1,771 per ton), while the price for India stood at $1,621 per ton.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-1.1%).
Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the Philippines
For the fourth year in a row, the Philippines recorded growth in supplies from abroad of aldehydes; cyclic, without other oxygen function, benzaldehydes, which increased by 13% to 2.4K tons in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +26.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +102.7% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 77%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of aldehydes; cyclic, without other oxygen function, benzaldehydes skyrocketed to $5.4M in 2022. Overall, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 1.9 | 3.1 | 3.4 | 45.7% |
| India | 1.2 | 0.8 | 0.6 | 1.8 | 14.5% |
| Netherlands | N/A | N/A | N/A | 0.2 | 0% |
| Belgium | 0.3 | 0.2 | 0.2 | N/A | -18.4% |
| Others | 0.3 | 0.2 | N/A | N/A | -33.3% |
| Total | 2.9 | 3.1 | 3.9 | 5.4 | 23.0% |
Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Benzaldehyde to the Philippines in 2022:
- China (1512.0 tons)
- India (787.4 tons)
- Netherlands (85.9 tons)
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