Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines - 2023
Contents:
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines (CIF) - 2022
- Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines (FOB) - 2022
- Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines
- Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines (CIF) - 2022
In 2022, the average import price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $614 per ton, increasing by 28% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 an increase of 41% against the previous year. As a result, import price attained the peak level of $679 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,042 per ton), while the price for Indonesia ($365 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines (FOB) - 2022
In 2022, the average export price for aluminium oxide (including artificial corundum); aluminium hydroxide amounted to $106 per ton, shrinking by -13.3% against the previous year. In general, the export price saw a deep reduction. The pace of growth appeared the most rapid in 2020 an increase of 17%. The export price peaked at $15,059 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2013 to 2022, the rate of growth in terms of prices for India amounted to +14.0% per year.
Imports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines
In 2022, the amount of aluminium oxide (including artificial corundum); aluminium hydroxide imported into the Philippines shrank to 13K tons, leveling off at the year before. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +4.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 59%. As a result, imports attained the peak of 13K tons, leveling off in the following year.
In value terms, imports of aluminium oxide (including artificial corundum); aluminium hydroxide soared to $7.7M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +8.5% 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 +106.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 61% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 1.9 | 1.9 | 3.4 | 21.4% |
| India | 0.2 | N/A | 0.7 | 2.2 | 122.4% |
| Japan | 0.7 | 0.4 | 0.9 | 0.9 | 8.7% |
| Brazil | 2.0 | 0.9 | 1.8 | 0.2 | -53.6% |
| Indonesia | N/A | N/A | N/A | 0.1 | 0% |
| Others | 1.3 | 0.5 | 0.7 | 1.0 | -8.4% |
| Total | 6.0 | 3.7 | 6.0 | 7.7 | 8.7% |
Top Suppliers of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide to the Philippines in 2022:
- China (6.6K tons)
- India (4.5K tons)
- Brazil (0.4K tons)
- Indonesia (0.3K tons)
- Japan (0.3K tons)
Exports of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines
In 2022, approx. 71 tons of aluminium oxide (including artificial corundum); aluminium hydroxide were exported from the Philippines; shrinking by -30.3% against the year before. In general, exports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 383%.
In value terms, exports of aluminium oxide (including artificial corundum); aluminium hydroxide fell rapidly to $7.5K in 2022. Overall, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 378%.
| Export of Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.9 | 0.3 | N/A | 7.5 | 58.0% |
| India | 21.1 | 2.3 | 12.4 | N/A | -23.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 23.0 | 2.6 | 12.4 | 7.5 | -31.2% |
Top Export Markets for Aluminium Oxide (Including Artificial Corundum); Aluminium Hydroxide from the Philippines in 2022:
- Singapore (70.6 tons)
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