Price for Poly(Lactic Acid); in Primary Forms in the Philippines - 2023
Contents:
- Price for Poly(Lactic Acid); in Primary Forms in the Philippines (CIF) - 2022
- Price for Poly(Lactic Acid); in Primary Forms in the Philippines (FOB) - 2022
- Imports of Poly(Lactic Acid); in Primary Forms in the Philippines
- Exports of Poly(Lactic Acid); in Primary Forms in the Philippines
Price for Poly(Lactic Acid); in Primary Forms in the Philippines (CIF) - 2022
In 2022, the average import price for poly(lactic acid); in primary formses amounted to $46,452 per ton, with an increase of 2.2% against the previous year. In general, the import price, however, faced a deep contraction. The pace of growth was the most pronounced in 2020 when the average import price increased by 18% against the previous year. The import price peaked at $86,230 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($64,939 per ton), while the price for the United States stood at $36,466 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4,085.5%), while the prices for the other major suppliers experienced a decline.
Price for Poly(Lactic Acid); in Primary Forms in the Philippines (FOB) - 2022
The average export price for poly(lactic acid); in primary formses stood at $8,928 per ton in 2022, with a decrease of -13.1% against the previous year. Over the period under review, the export price, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of 76%. The export price peaked at $10,271 per ton in 2021, and then reduced in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($8,933 per ton), while the average price for exports to Japan amounted to $6,213 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+9.0%).
Imports of Poly(Lactic Acid); in Primary Forms in the Philippines
In 2022, the amount of poly(lactic acid); in primary formses imported into the Philippines surged to 1.7 tons, rising by 212% compared with the previous year's figure. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 557% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
In value terms, poly(lactic acid); in primary forms imports soared to $77K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 606%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Poly(Lactic Acid); in Primary Forms in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 2.1 | 12.6 | 53.6 | 105.2% |
| Japan | 2.4 | 0.5 | 2.5 | 9.6 | 58.7% |
| Others | 4.0 | 0.9 | 9.1 | 13.9 | 51.5% |
| Total | 12.6 | 3.4 | 24.2 | 77.2 | 83.0% |
Top Suppliers of Poly(Lactic Acid); in Primary Forms to the Philippines in 2022:
- United States (1471.0 kg)
- Japan (149.0 kg)
Exports of Poly(Lactic Acid); in Primary Forms in the Philippines
In 2022, shipments abroad of poly(lactic acid); in primary formses increased by 1.8% to 173 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback.
In value terms, poly(lactic acid); in primary forms exports contracted to $1.5K in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.8% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 43%.
| Export of Poly(Lactic Acid); in Primary Forms in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.9 | 1.3 | 1.6 | 1.5 | 18.6% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 0.9 | 1.3 | 1.7 | 1.5 | 18.6% |
Top Export Markets for Poly(Lactic Acid); in Primary Forms from the Philippines in 2022:
- Italy (173.0 kg)
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