Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines - 2023
Contents:
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines (CIF) - 2023
- Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines (FOB) - 2022
- Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines
- Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines (CIF) - 2023
In December 2023, the average import price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses amounted to $688 per ton, falling by -5% against the previous month. Overall, the import price recorded a pronounced downturn. The most prominent rate of growth was recorded in January 2023 an increase of 19% m-o-m. As a result, import price reached the peak level of $1,373 per ton. From February 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5,795 per ton), while the price for China amounted to $608 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Japan (+3.1%).
Price for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines (FOB) - 2022
The average export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses stood at $4,709 per ton in 2022, rising by 12% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses increased by +61.5% against 2015 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Sri Lanka.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +14.1% per year.
Imports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines
In 2022, approx. 15K tons of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses were imported into the Philippines; growing by 198% compared with 2021. In general, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses surged to $11M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.5 | 2.6 | 3.8 | 9.2 | 38.0% |
| Japan | 0.6 | 0.4 | 0.3 | 0.9 | 14.5% |
| Taiwan (Chinese) | 0.3 | 0.3 | 0.3 | 0.3 | 0.0% |
| South Korea | 0.4 | 0.4 | 0.6 | 0.2 | -20.6% |
| Others | 0.2 | N/A | N/A | 0.6 | 44.2% |
| Total | 4.9 | 3.8 | 5.0 | 11.2 | 31.7% |
Top Suppliers of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms to the Philippines in 2022:
- China (13.6K tons)
- Japan (0.9K tons)
- South Korea (0.2K tons)
- Taiwan (Chinese) (0.2K tons)
Exports of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines
In 2022, after three years of growth, there was significant decline in overseas shipments of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses, when their volume decreased by -71.8% to 4 tons. In general, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2020 when exports increased by 38% against the previous year.
In value terms, exports of petroleum resins, coumarone, indene or coumarone-indene resins and polyterpenes; in primary formses reduced remarkably to $19K in 2022. Overall, exports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 52% against the previous year. As a result, the exports attained the peak of $60K, and then shrank notably in the following year.
| Export of Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 28.1 | 39.3 | 44.4 | 18.8 | -12.5% |
| Indonesia | N/A | N/A | 15.1 | N/A | 0% |
| Others | 0.7 | N/A | N/A | N/A | 0% |
| Total | 28.8 | 39.3 | 59.6 | 18.8 | -13.3% |
Top Export Markets for Petroleum Resins, Coumarone, Indene or Coumarone-Indene Resins and Polyterpenes; in Primary Forms from the Philippines in 2022:
- Sri Lanka (4.0 tons)
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