Price for Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines - 2023
Contents:
- Price for Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines (CIF) - 2022
- Price for Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines (FOB) - 2022
- Imports of Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines
- Exports of Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines
Price for Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines (CIF) - 2022
In 2022, the average sulphates; alums; peroxosulphates (persulphates) import price amounted to $234 per ton, rising by 9.1% against the previous year. Over the period under review, the import price, however, showed a noticeable decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 39%. The import price peaked at $360 per ton in 2012; however, from 2013 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 Taiwan (Chinese) ($3,127 per ton), while the price for China ($102 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) (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines (FOB) - 2022
In 2022, the average sulphates; alums; peroxosulphates (persulphates) export price amounted to $4,131 per ton, picking up by 7.8% against the previous year. In general, the export price recorded a measured increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 88%. As a result, the export price attained the peak level of $4,612 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($5,374 per ton), while the average price for exports to Pakistan ($678 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 Pakistan (+29.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines
In 2022, the amount of sulphates; alums; peroxosulphates (persulphates)s imported into the Philippines skyrocketed to 341K tons, with an increase of 28% on the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +52.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; alums; peroxosulphates (persulphates) imports skyrocketed to $80M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +15.5% 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 +75.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.0 | 22.5 | 26.1 | 28.8 | 7.8% |
| South Korea | 7.3 | 5.8 | 2.6 | 19.4 | 38.5% |
| Indonesia | 0.8 | 0.9 | 1.8 | 1.7 | 28.6% |
| Others | 20.8 | 16.3 | 26.6 | 30.0 | 13.0% |
| Total | 51.9 | 45.5 | 57.1 | 79.9 | 15.5% |
Top Suppliers of Sulphates; Alums; Peroxosulphates (Persulphates) to the Philippines in 2022:
- China (282.2K tons)
- South Korea (38.4K tons)
- Indonesia (6.3K tons)
Exports of Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines
In 2022, overseas shipments of sulphates; alums; peroxosulphates (persulphates)s decreased by -51.9% to 374 tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a mild expansion. The pace of growth was the most pronounced in 2020 when exports increased by 301%. As a result, the exports attained the peak of 1.4K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, sulphates; alums; peroxosulphates (persulphates) exports dropped rapidly to $1.5M in 2022. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 652% against the previous year. As a result, the exports attained the peak of $6.5M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Sulphates; Alums; Peroxosulphates (Persulphates) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 315 | 4,588 | 1,866 | 1,228 | 57.4% |
| United States | 319 | 1,403 | 1,031 | 257 | -7.0% |
| Pakistan | N/A | 16.1 | 16.0 | 40.7 | 59.0% |
| Italy | N/A | 215 | 23.3 | 11.8 | -76.6% |
| Others | 234 | 306 | 38.6 | 6.0 | -70.5% |
| Total | 868 | 6,528 | 2,975 | 1,544 | 21.2% |
Top Export Markets for Sulphates; Alums; Peroxosulphates (Persulphates) from the Philippines in 2022:
- Japan (228.6 tons)
- United States (80.0 tons)
- Pakistan (60.0 tons)
- Italy (2.1 tons)
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