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)
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