Price for Ammonia; Anhydrous or in Aqueous Solution in the Philippines - 2023
Contents:
- Price for Ammonia; Anhydrous or in Aqueous Solution in the Philippines (CIF) - 2023
- Price for Ammonia; Anhydrous or in Aqueous Solution in the Philippines (FOB) - 2022
- Imports of Ammonia; Anhydrous or in Aqueous Solution in the Philippines
- Exports of Ammonia; Anhydrous or in Aqueous Solution in the Philippines
Price for Ammonia; Anhydrous or in Aqueous Solution in the Philippines (CIF) - 2023
In July 2023, the average import price for ammonia; anhydrous or in aqueous solutia amounted to $1,554 per ton, declining by -4.8% against the previous month. Over the period under review, the import price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in June 2023 an increase of 326% against the previous month. Over the period under review, average import prices reached the peak figure at $2,251 per ton in April 2023; however, from May 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($7,084 per ton), while the price for India ($986 per ton) was amongst the lowest.
From December 2022 to July 2023, the most notable rate of growth in terms of prices was attained by South Korea (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ammonia; Anhydrous or in Aqueous Solution in the Philippines (FOB) - 2022
The average export price for ammonia; anhydrous or in aqueous solutia stood at $2,809 per ton in 2022, approximately mirroring the previous year. Overall, the export price continues to indicate a mild decline. The pace of growth was the most pronounced in 2018 an increase of 42% against the previous year. The export price peaked at $5,765 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($2,809 per ton), while the average price for exports to Papua New Guinea amounted to $2,807 per ton.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (-21.3%).
Imports of Ammonia; Anhydrous or in Aqueous Solution in the Philippines
For the third year in a row, the Philippines recorded decline in overseas purchases of ammonia; anhydrous or in aqueous solutia, which decreased by -30.2% to 8.4K tons in 2022. In general, imports faced a precipitous decline.
In value terms, imports of ammonia; anhydrous or in aqueous solutia surged to $7.3M in 2022. Over the period under review, imports saw a abrupt decline.
Import of Ammonia; Anhydrous or in Aqueous Solution in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 0.2 | 0.2 | 0.3 | 5.9 | 209.0% |
Indonesia | 3.0 | 6.9 | 3.5 | 0.4 | -48.9% |
Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.3 | 44.2% |
Malaysia | 5.4 | 0.2 | 0.4 | 0.3 | -61.8% |
Oman | 2.9 | N/A | N/A | N/A | 0% |
Others | 0.3 | 0.2 | 0.2 | 0.4 | 10.1% |
Total | 12.0 | 7.6 | 4.6 | 7.3 | -15.3% |
Top Suppliers of Ammonia; Anhydrous or in Aqueous Solution to the Philippines in 2022:
- China (6.6K tons)
- Malaysia (0.8K tons)
- Indonesia (0.6K tons)
- Taiwan (Chinese) (0.2K tons)
Exports of Ammonia; Anhydrous or in Aqueous Solution in the Philippines
In 2022, exports of ammonia; anhydrous or in aqueous solutia from the Philippines skyrocketed to 25 tons, picking up by 616% compared with the previous year. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of ammonia; anhydrous or in aqueous solutia soared to $70K in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Ammonia; Anhydrous or in Aqueous Solution in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | N/A | N/A | N/A | 61.3 | 0% |
Papua New Guinea | 17.7 | 3.6 | 10.0 | 9.1 | -19.9% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 17.7 | 3.7 | 10.0 | 70.4 | 58.4% |
Top Export Markets for Ammonia; Anhydrous or in Aqueous Solution from the Philippines in 2022:
- Malaysia (21.8 tons)
- Papua New Guinea (3.2 tons)
This report provides an in-depth analysis of the market for ammonia in aqueous solution in the Philippines.
This report provides an in-depth analysis of the ammonia market in the Philippines.
This report provides an in-depth analysis of the global market for ammonia in aqueous solution.
This report provides an in-depth analysis of the global ammonia market.
This report provides an in-depth analysis of the market for ammonia in aqueous solution in the Philippines.
This report provides an in-depth analysis of the ammonia market in the Philippines.
This report provides an in-depth analysis of the global market for ammonia in aqueous solution.
This report provides an in-depth analysis of the global ammonia market.
Discover the key statistics and trends in the world's top import markets for ammonia in 2023. Learn about the countries driving the global demand for this essential chemical compound.
With the pandemic's impact, it is expected that in 2020, global consumption of ammonia should remain nearly unchanged against 2019. In the medium term, as the global economy gets back to work, the market will start recovering, driven by major fundamentals that existed before the crisis.
In value terms, anhydrous ammonia imports amounted to $X in 2016. Overall, anhydrous ammonia imports continue to indicate a mild drop. Global anhydrous ammonia import peaked of $X in 2012; howeve...
In value terms, anhydrous ammonia exports amounted to $X in 2016. Overall, anhydrous ammonia exports continue to indicate a measured contraction. Over the period under review, global anhydrous ammo...
Discover the key statistics and trends in the world's top import markets for ammonia in 2023. Learn about the countries driving the global demand for this essential chemical compound.
With the pandemic's impact, it is expected that in 2020, global consumption of ammonia should remain nearly unchanged against 2019. In the medium term, as the global economy gets back to work, the market will start recovering, driven by major fundamentals that existed before the crisis.