Salts; Sodium Dichromate Price in the Philippines - 2023
Contents:
- Salts; Sodium Dichromate Price in the Philippines (CIF) - 2022
- Salts; Sodium Dichromate Imports in the Philippines
Salts; Sodium Dichromate Price in the Philippines (CIF) - 2022
In 2022, the average salts; sodium dichromate import price amounted to $4,885 per ton, rising by 60% against the previous year. In general, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 85%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($5,150 per ton), while the price for Singapore amounted to $4,495 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Salts; Sodium Dichromate Imports in the Philippines
In 2022, after two years of decline, there was significant growth in supplies from abroad of salts; sodium dichromate, when their volume increased by 725% to 9.5 tons. Over the period under review, imports, however, continue to indicate a precipitous slump.
In value terms, salts; sodium dichromate imports skyrocketed to $47K in 2022. In general, imports, however, faced a sharp decrease.
| Import of Salts; Sodium Dichromate in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.7 | 18.8 | 0.5 | 27.8 | 7.0% |
| Singapore | 0.1 | 0.2 | N/A | 18.2 | 466.7% |
| China | 17.0 | 13.8 | 0.3 | N/A | -86.7% |
| South Africa | 10.5 | 7.3 | 0.2 | N/A | -86.2% |
| Turkey | 93.1 | 56.3 | 2.5 | N/A | -83.6% |
| Others | 2.8 | 2.3 | 0.1 | 0.5 | -43.7% |
| Total | 146 | 98.7 | 3.5 | 46.5 | -31.7% |
Top Suppliers of Salts; Sodium Dichromate to the Philippines in 2022:
- United States (5.4 tons)
- Singapore (4.0 tons)
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