Price for Phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphates in the Philippines - 2023
Contents:
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines (CIF) - 2023
- Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines (FOB) - 2022
- Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines
- Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines (CIF) - 2023
In September 2023, the average import price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses amounted to $630 per ton, therefore, remained relatively stable against the previous month. Overall, the import price, however, showed a perceptible curtailment. The pace of growth was the most pronounced in April 2023 when the average import price increased by 16% m-o-m. Over the period under review, average import prices reached the maximum at $908 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($746 per ton), while the price for China totaled $580 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (-1.6%).
Price for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines (FOB) - 2022
The average export price for phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses stood at $3,802 per ton in 2022, growing by 206% against the previous year. Over the period under review, the export price recorded significant growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 340% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($13,543 per ton), while the average price for exports to Vietnam ($2,020 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 Micronesia (+414.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines
In 2022, purchases abroad of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses was finally on the rise to reach 111K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a noticeable reduction.
In value terms, imports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses skyrocketed to $93M in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +78.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.3 | 38.7 | 48.7 | 78.0 | 26.8% |
| United States | 7.2 | 4.2 | 6.7 | 4.7 | -13.3% |
| Thailand | 9.4 | 4.0 | 3.4 | 3.6 | -27.4% |
| Tunisia | 2.5 | 1.1 | 1.3 | 2.7 | 2.6% |
| Russia | 2.1 | 1.0 | 1.2 | N/A | -24.4% |
| Others | 5.0 | 3.2 | 3.5 | 4.2 | -5.6% |
| Total | 64.5 | 52.3 | 64.8 | 93.3 | 13.1% |
Top Suppliers of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates to the Philippines in 2022:
- China (99.5K tons)
- United States (5.6K tons)
- Tunisia (2.6K tons)
- Thailand (1.9K tons)
Exports of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines
In 2022, the amount of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses exported from the Philippines fell markedly to 12 tons, with a decrease of -40.7% against 2021. Overall, exports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 when exports increased by 3.7%.
In value terms, exports of phosphinates (hypophosphites), phosphonates (phosphites), phosphates and polyphosphateses soared to $47K in 2022. Over the period under review, exports continue to indicate a sharp curtailment.
| Export of Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 75.2 | 4.6 | N/A | 41.7 | -17.8% |
| Indonesia | 0.6 | N/A | N/A | 4.3 | 92.8% |
| Vietnam | N/A | N/A | N/A | 0.5 | 0% |
| China | 107 | N/A | N/A | N/A | 0% |
| Singapore | N/A | 20.0 | 25.7 | N/A | 28.5% |
| Others | N/A | 0.5 | N/A | 0.1 | -55.3% |
| Total | 183 | 25.1 | 25.7 | 46.6 | -36.6% |
Top Export Markets for Phosphinates (Hypophosphites), Phosphonates (Phosphites), Phosphates and Polyphosphates from the Philippines in 2022:
- Thailand (11.7 tons)
- Vietnam (0.3 tons)
- Indonesia (0.3 tons)
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