Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines - 2023
Contents:
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines (FOB) - 2023
- Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines (CIF) - 2022
- Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines
- Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines (FOB) - 2023
In September 2023, the average export price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes amounted to $5,118 per ton, dropping by -5.7% against the previous month. Over the period under review, the export price showed a slight shrinkage. The most prominent rate of growth was recorded in February 2023 an increase of 30% month-to-month. The export price peaked at $6,228 per ton in November 2022; however, from December 2022 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In September 2023, the countries with the highest prices were Hong Kong SAR ($5,865 per ton) and Indonesia ($5,312 per ton), while the average price for exports to the United States ($4,891 per ton) and China ($5,030 per ton) were amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.8%), while the prices for the other major destinations experienced a decline.
Price for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines (CIF) - 2022
The average import price for aldehydes; cyclic, without other oxygen function, other than benzaldehydes stood at $15,046 per ton in 2022, surging by 29% against the previous year. Over the period under review, the import price continues to indicate prominent growth. The growth pace was the most rapid in 2017 an increase of 398% against the previous year. Over the period under review, average import prices attained the peak figure at $15,246 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($22,578 per ton), while the price for India ($4,094 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines
In 2022, shipments abroad of aldehydes; cyclic, without other oxygen function, other than benzaldehydes decreased by -40% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year.
In value terms, exports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes fell dramatically to $12M in 2022. Over the period under review, exports showed a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 8.3%. As a result, the exports attained the peak of $16M, and then shrank notably in the following year.
| Export of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 4.9 | 6.4 | 4.0 | -6.5% |
| Singapore | 1.9 | 2.1 | 3.4 | 3.5 | 22.6% |
| Indonesia | 2.2 | 2.9 | 1.9 | 2.0 | -3.1% |
| Japan | 3.5 | 2.3 | 2.6 | 1.7 | -21.4% |
| Mexico | N/A | N/A | N/A | 0.4 | 0% |
| Brazil | N/A | 1.1 | 0.1 | 0.3 | -47.8% |
| South Korea | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| India | 0.5 | 0.1 | 0.4 | 0.1 | -41.5% |
| United States | 1.0 | 0.6 | 0.5 | N/A | -29.3% |
| Others | 0.7 | 0.4 | 0.3 | 0.1 | -47.7% |
| Total | 14.9 | 14.5 | 15.8 | 12.2 | -6.4% |
Top Export Markets for Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde from the Philippines in 2022:
- China (871.7 tons)
- Singapore (753.2 tons)
- Indonesia (436.5 tons)
- Japan (309.3 tons)
- Mexico (85.7 tons)
- Brazil (58.8 tons)
- South Korea (42.6 tons)
- India (9.7 tons)
Imports of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines
Imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes into the Philippines declined to 1.3 tons in 2022, which is down by -3.9% against the year before. In general, imports faced a precipitous contraction.
In value terms, imports of aldehydes; cyclic, without other oxygen function, other than benzaldehydes surged to $20K in 2022. Overall, imports faced a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 27%.
| Import of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 0.2 | N/A | 0.3 | 8.1 | 243.4% |
| China | 1.5 | 1.9 | 5.6 | 5.5 | 54.2% |
| United Kingdom | 2.2 | 4.4 | 1.9 | 2.9 | 9.6% |
| Switzerland | N/A | N/A | N/A | 1.6 | 0% |
| Singapore | N/A | 2.8 | 1.3 | 0.6 | -53.7% |
| India | 66.5 | 3.3 | 0.1 | 0.1 | -88.5% |
| United States | 10.8 | N/A | 6.3 | N/A | -23.6% |
| Others | 0.5 | 0.3 | 0.6 | 1.2 | 33.9% |
| Total | 81.7 | 12.7 | 16.2 | 20.0 | -37.4% |
Top Suppliers of Aldehydes; Cyclic, Without Other Oxygen Function, Other than Benzaldehyde to the Philippines in 2022:
- China (487.0 kg)
- Spain (360.0 kg)
- United Kingdom (225.0 kg)
- Switzerland (174.0 kg)
- Singapore (42.0 kg)
- India (32.0 kg)
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