Price for Oils and Products of the Distillation of High Temperature Coal Tar; Xylole in the Philippines - 2023

Contents:

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

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

In 2022, the average import price for oils and products of the distillation of high temperature coal tar; xyloles amounted to $819 per ton, rising by 23% against the previous year. Overall, the import price, however, saw a sharp slump. Over the period under review, average import prices reached the peak figure at $358,000 per ton in 2015; however, from 2016 to 2022, 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 Iraq ($1,131 per ton), while the price for Qatar ($563 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+99.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for oils and products of the distillation of high temperature coal tar; xyloles stood at $1,055 per ton in 2022, jumping by 27% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2021 an increase of 101% against the previous year. Over the period under review, the average export prices reached the peak figure at $1,370 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($1,187 per ton), while the average price for exports to China ($1,046 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (-1.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of oils and products of the distillation of high temperature coal tar; xyloles decreased by -42.9% to 8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 227% against the previous year. As a result, imports attained the peak of 14K tons, and then dropped significantly in the following year.

In value terms, imports of oils and products of the distillation of high temperature coal tar; xyloles contracted notably to $6.5M in 2022. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 291%. As a result, imports reached the peak of $9.3M, and then reduced markedly in the following year.

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

1. Saudi Arabia (4.2K tons)
2. South Korea (1.9K tons)
3. United Arab Emirates (0.9K tons)
4. Qatar (0.5K tons)
5. Iraq (0.5K tons)

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

In 2022, the amount of oils and products of the distillation of high temperature coal tar; xyloles exported from the Philippines was estimated at 59K tons, increasing by 10% against 2021. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 23%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of oils and products of the distillation of high temperature coal tar; xyloles soared to $62M in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 146% against the previous year. Over the period under review, the exports of oils and products of distillation of high temperature coal tar; xyloles attained the maximum 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; Xylole from the Philippines in 2022:

1. China (54.0K tons)
2. South Korea (2.8K tons)
3. India (2.0K tons)

Source: IndexBox Market Intelligence Platform