Price for Asbestos, Other than Crocidolite in the Philippines - 2023

Contents:

1. Price for Asbestos, Other than Crocidolite in the Philippines (CIF) - 2022
2. Imports of Asbestos, Other than Crocidolite in the Philippines

Price for Asbestos, Other than Crocidolite in the Philippines (CIF) - 2022

In 2022, the average asbestos, other than crocidolite import price amounted to $748 per ton, rising by 28% against the previous year. Over the last five-year period, it increased at an average annual rate of +6.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($910 per ton) and Russia ($752 per ton), while the price for the UK ($613 per ton) and China ($619 per ton) were amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Asbestos, Other than Crocidolite in the Philippines

In 2022, approx. 2.5K tons of asbestos, other than crocidolites were imported into the Philippines; which is down by -29.2% compared with the year before. In general, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 with an increase of 54% against the previous year. As a result, imports attained the peak of 3.5K tons, and then reduced notably in the following year.

In value terms, asbestos, other than crocidolite imports dropped to $1.8M in 2022. Over the period under review, total imports indicated notable growth from 2019 to 2022: its value increased at an average annual rate of +4.7% 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 +42.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 57% against the previous year. As a result, imports reached the peak of $2M, and then contracted in the following year.

Top Suppliers of Asbestos, Other than Crocidolite to the Philippines in 2022:

1. Russia (2000.0 tons)
2. China (225.0 tons)
3. United Arab Emirates (180.0 tons)
4. United Kingdom (40.0 tons)

Source: IndexBox Market Intelligence Platform