Price for Lecithins and Other Phosphoaminolipids in the Philippines - 2023

Contents:

1. Price for Lecithins and Other Phosphoaminolipids in the Philippines (CIF) - 2022
2. Price for Lecithins and Other Phosphoaminolipids in the Philippines (FOB) - 2022
3. Imports of Lecithins and Other Phosphoaminolipids in the Philippines
4. Exports of Lecithins and Other Phosphoaminolipids in the Philippines

Price for Lecithins and Other Phosphoaminolipids in the Philippines (CIF) - 2022

The average lecithins and other phosphoaminolipids import price stood at $1,971 per ton in 2022, increasing by 26% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the Netherlands ($5,267 per ton), while the price for Taiwan (Chinese) ($1,317 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lecithins and Other Phosphoaminolipids in the Philippines (FOB) - 2022

In 2022, the average lecithins and other phosphoaminolipids export price amounted to $2,260 per ton, surging by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to +2.0% per year.

Imports of Lecithins and Other Phosphoaminolipids in the Philippines

Lecithins and other phosphoaminolipids imports into the Philippines soared to 5.8K tons in 2022, picking up by 20% against the year before. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lecithins and other phosphoaminolipids imports surged to $11M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +66.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Lecithins and Other Phosphoaminolipids to the Philippines in 2022:

1. United States (1513.9 tons)
2. Taiwan (Chinese) (1424.0 tons)
3. China (1178.5 tons)
4. Brazil (715.5 tons)
5. Argentina (436.8 tons)
6. India (357.2 tons)
7. Malaysia (92.2 tons)

Exports of Lecithins and Other Phosphoaminolipids in the Philippines

Lecithins and other phosphoaminolipids exports from the Philippines reduced to 964 tons in 2022, shrinking by -7.4% against the previous year's figure. Overall, exports faced a deep downturn.

In value terms, lecithins and other phosphoaminolipids exports soared to $2.2M in 2022. In general, exports continue to indicate a perceptible contraction.

Top Export Markets for Lecithins and Other Phosphoaminolipids from the Philippines in 2022:

1. Malaysia (964.1 tons)

Source: IndexBox Market Intelligence Platform