Philippines - Salts Of Acetic Acid - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Salts of Acetic Acid in the Philippines - 2023
Contents:
- Price for Salts of Acetic Acid in the Philippines (CIF) - 2022
- Price for Salts of Acetic Acid in the Philippines (FOB) - 2022
- Imports of Salts of Acetic Acid in the Philippines
- Exports of Salts of Acetic Acid in the Philippines
Price for Salts of Acetic Acid in the Philippines (CIF) - 2022
The average salts of acetic acid import price stood at $1,984 per ton in 2022, increasing by 4.8% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, salts of acetic acid import price increased by +22.7% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of 52% against the previous year. The import price peaked at $2,384 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($8,995 per ton), while the price for China ($1,426 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Salts of Acetic Acid in the Philippines (FOB) - 2022
In 2022, the average salts of acetic acid export price amounted to $6,930 per ton, growing by 68% against the previous year. Overall, the export price, however, saw a slight downturn. Over the period under review, the average export prices reached the maximum at $11,085 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
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 Belgium amounted to +10.8% per year.
Imports of Salts of Acetic Acid in the Philippines
In 2022, approx. 348 tons of salts of acetic acid were imported into the Philippines; with a decrease of -29.7% against 2021 figures. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year.
In value terms, salts of acetic acid imports fell significantly to $690K in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year.
Import of Salts of Acetic Acid in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 507 | 164 | 310 | 445 | -4.3% |
Canada | 93.7 | 38.5 | 25.4 | 85.5 | -3.0% |
Taiwan (Chinese) | 9.8 | 8.9 | 25.0 | 61.6 | 84.6% |
United Kingdom | 190 | 150 | 264 | N/A | 17.9% |
Others | 263 | 216 | 312 | 97.8 | -28.1% |
Total | 1,063 | 577 | 937 | 690 | -13.4% |
Top Suppliers of Salts of Acetic Acid to the Philippines in 2022:
- China (312.0 tons)
- Taiwan (Chinese) (15.8 tons)
- Canada (9.5 tons)
Exports of Salts of Acetic Acid in the Philippines
In 2022, approx. 1.2 tons of salts of acetic acid were exported from the Philippines; falling by -77.1% compared with 2021. Over the period under review, exports showed a sharp downturn. The smallest decline of -56.8% was in 2020.
In value terms, salts of acetic acid exports reduced sharply to $8.3K in 2022. Overall, exports faced a dramatic decline. The smallest decline of -42.1% was in 2020.
Export of Salts of Acetic Acid in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 10.6 | 7.2 | 0.5 | 8.3 | -7.8% |
Spain | 1.7 | 1.1 | 0.1 | N/A | -75.7% |
Norway | N/A | 6.4 | N/A | N/A | 0% |
Belgium | 71.6 | 65.1 | 6.3 | N/A | -70.3% |
China | N/A | N/A | 9.5 | N/A | 0% |
Malaysia | 12.7 | 5.8 | 0.2 | N/A | -87.5% |
United States | 127 | N/A | N/A | N/A | 0% |
Poland | 10.3 | 49.5 | 4.2 | N/A | -36.1% |
Others | 0.5 | 0.4 | 1.0 | N/A | 41.4% |
Total | 234 | 136 | 21.6 | 8.3 | -67.1% |
Top Export Markets for Salts of Acetic Acid from the Philippines in 2022:
- Thailand (1.2 tons)
This report provides an in-depth analysis of the market for salts of acetic acid in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20143278 - Salts of acetic acid
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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