Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines - 2022

Contents:

1. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines (FOB) - 2022
2. Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines (CIF) - 2022
3. Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines
4. Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines (FOB) - 2022

The average export price for oils and products of the distillation of high temperature coal tar; naphthalenes stood at $5,285 per ton in 2022, growing by 17% against the previous year. Overall, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2013 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Kuwait amounted to +16.8% per year.

Price for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines (CIF) - 2022

In 2022, the average import price for oils and products of the distillation of high temperature coal tar; naphthalenes amounted to $1,932 per ton, rising by 7% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +2.7% 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 oils and products of the distillation of high temperature coal tar; naphthalenes increased by +65.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 54% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Singapore ($6,395 per ton), while the price for China ($1,722 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines

For the third year in a row, the Philippines recorded decline in shipments abroad of oils and products of the distillation of high temperature coal tar; naphthalenes, which decreased by -6.8% to 2.2 tons in 2022. Overall, exports continue to indicate a abrupt decline. The smallest decline of -6.7% was in 2020.

In value terms, exports of oils and products of the distillation of high temperature coal tar; naphthalenes rose sharply to $12K in 2022. The total export value increased at an average annual rate of +9.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 9%. Over the period under review, the exports of oils and products of distillation of high temperature coal tar; naphthalenes attained the peak figure in 2022 and are expected to retain growth in the near future.

Top Export Markets for Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene from the Philippines in 2022:

1. Singapore (2.2 tons)

Imports of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene in the Philippines

For the third consecutive year, the Philippines recorded decline in purchases abroad of oils and products of the distillation of high temperature coal tar; naphthalenes, which decreased by -13.4% to 4 tons in 2022. Over the period under review, imports faced a dramatic contraction.

In value terms, imports of oils and products of the distillation of high temperature coal tar; naphthalenes fell to $7.8K in 2022. In general, imports continue to indicate a sharp curtailment. The smallest decline of -6.8% was in 2021.

Top Suppliers of Oils and Products of the Distillation of High Temperature Coal Tar; Naphthalene to the Philippines in 2022:

1. China (2.7 tons)
2. Taiwan (Chinese) (1.2 tons)
3. Singapore (0.1 tons)

Source: IndexBox Market Intelligence Platform