Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines - 2023
Contents:
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines (CIF) - 2023
- Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines (FOB) - 2022
- Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines
- Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines (CIF) - 2023
The average import price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s stood at $3,511 per ton in September 2023, rising by 27% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 27% month-to-month. The import price peaked at $3,515 per ton in March 2023; afterwards, it flattened through to September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was the United States ($40,013 per ton), while the price for China ($1,586 per ton) was amongst the lowest.
From September 2022 to September 2023, 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 more modest paces of growth.
Price for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines (FOB) - 2022
In 2022, the average export price for polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s amounted to $3,485 per ton, surging by 369% against the previous year. In general, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Thailand.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +0.4% per year.
Imports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines
In 2022, after two years of decline, there was growth in purchases abroad of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s, when their volume increased by 5% to 2.4K tons. In general, imports, however, recorded a deep contraction.
In value terms, imports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s skyrocketed to $6.1M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,454 | 1,310 | 1,742 | 3,859 | 38.5% |
| Thailand | 1,075 | 896 | 772 | 1,022 | -1.7% |
| Germany | 335 | 516 | 470 | 571 | 19.5% |
| Australia | 117 | 67.3 | 36.3 | 78.4 | -12.5% |
| Russia | 138 | N/A | N/A | N/A | 0% |
| France | 166 | 173 | 236 | N/A | 19.2% |
| Others | 710 | 980 | 1,063 | 567 | -7.2% |
| Total | 3,995 | 3,942 | 4,320 | 6,097 | 15.1% |
Top Suppliers of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) to the Philippines in 2022:
- China (1773.7 tons)
- Thailand (439.9 tons)
- Germany (95.7 tons)
- Australia (42.2 tons)
Exports of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines
In 2022, approx. 11 tons of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s were exported from the Philippines; falling by -68.1% compared with 2021. Overall, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 99%. As a result, the exports attained the peak of 35 tons, and then declined markedly in the following year.
In value terms, exports of polyphosphates; (other than sodium triphosphate (sodium tripolyphosphate))s skyrocketed to $38K in 2022. Over the period under review, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 95%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 13.4 | 9.5 | 12.0 | 38.5 | 42.2% |
| Singapore | N/A | N/A | 8.1 | N/A | 0% |
| China | 4.3 | 3.6 | 5.4 | N/A | 12.1% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 18.0 | 13.2 | 25.7 | 38.5 | 28.8% |
Top Export Markets for Polyphosphates; (Other than Sodium Triphosphate (Sodium Tripolyphosphate)) from the Philippines in 2022:
- Thailand (11.0 tons)
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