Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines - 2023

Contents:

  1. Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines (CIF) - 2022
  2. Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines (FOB) - 2022
  3. Imports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines
  4. Exports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines

Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines (CIF) - 2022

The average import price for chlorates and perchlorates; bromates and perbromates; iodates and periodateses stood at $1,704 per ton in 2022, picking up by 11% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for chlorates and perchlorates; bromates and perbromates; iodates and periodateses decreased by -9.6% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 23%. As a result, import price attained the peak level of $1,885 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($5,442 per ton), while the price for China ($1,176 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines (FOB) - 2022

In 2022, the average export price for chlorates and perchlorates; bromates and perbromates; iodates and periodateses amounted to $60,309 per ton, approximately mirroring the previous year. Over the period under review, the export price posted significant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 30%. The export price peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to 0.0% per year.

Imports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines

In 2022, the amount of chlorates and perchlorates; bromates and perbromates; iodates and periodateses imported into the Philippines reached 1.2K tons, picking up by 10% against the previous year's figure. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 108% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of chlorates and perchlorates; bromates and perbromates; iodates and periodateses skyrocketed to $2.1M in 2022. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Import of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China27822742580842.7%
India29517340278938.8%
Italy1.346.898.1150386.8%
Sweden10310621739.0-27.7%
Netherlands17011356.13.0-74.0%
New Zealand96.896.799.7N/A1.5%
Others514217425318-14.8%
Total1,4599791,7222,10813.1%

Top Suppliers of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates to the Philippines in 2022:

  1. China (687.5 tons)
  2. India (491.7 tons)
  3. Italy (27.6 tons)
  4. Sweden (20.5 tons)
  5. Netherlands (0.5 tons)

Exports of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines

In 2022, shipments abroad of chlorates and perchlorates; bromates and perbromates; iodates and periodateses decreased by 0% to 375 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a dramatic decrease. The smallest decline of 99.9% was in 2020.

In value terms, exports of chlorates and perchlorates; bromates and perbromates; iodates and periodateses stood at $23K in 2022. Overall, exports posted a prominent expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
VietnamN/AN/AN/A22.60%
South Korea15.2N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total15.2N/AN/A22.614.1%

Top Export Markets for Chlorates and Perchlorates; Bromates and Perbromates; Iodates and Periodates from the Philippines in 2022:

  1. Vietnam (375.0 kg)

Source: IndexBox Market Intelligence Platform

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