Sulphates; of Aluminium Price in the Philippines - 2023
Contents:
- Sulphates; of Aluminium Price in the Philippines (CIF) - 2022
- Sulphates; of Aluminium Price in the Philippines (FOB) - 2022
- Sulphates; of Aluminium Imports in the Philippines
- Sulphates; of Aluminium Exports in the Philippines
Sulphates; of Aluminium Price in the Philippines (CIF) - 2022
The average sulphates; of aluminium import price stood at $258 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $394 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($266 per ton), while the price for Indonesia totaled $244 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%).
Sulphates; of Aluminium Price in the Philippines (FOB) - 2022
In 2022, the average sulphates; of aluminium export price amounted to $4,395 per ton, picking up by 15% against the previous year. Over the period under review, the export price showed significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 101% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($5,373 per ton), while the average price for exports to Pakistan totaled $678 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+64.4%), while the prices for the other major destinations experienced more modest paces of growth.
Sulphates; of Aluminium Imports in the Philippines
In 2022, supplies from abroad of sulphates; of aluminia increased by 3.9% to 8K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep reduction.
In value terms, sulphates; of aluminium imports expanded slightly to $2.1M in 2022. In general, imports, however, saw a deep downturn.
| Import of Sulphates; of Aluminium in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.9 | 0.8 | 0.4 | 1.1 | 6.9% |
| China | 1.6 | 1.2 | 1.4 | 0.9 | -17.5% |
| Others | 0.6 | 0.3 | 0.1 | 0.1 | -45.0% |
| Total | 3.1 | 2.2 | 2.0 | 2.1 | -12.2% |
Top Suppliers of Sulphates; of Aluminium to the Philippines in 2022:
- Indonesia (4.6K tons)
- China (3.4K tons)
Sulphates; of Aluminium Exports in the Philippines
For the third consecutive year, the Philippines recorded growth in overseas shipments of sulphates; of aluminia, which increased by 33% to 289 tons in 2022. Over the period under review, total exports indicated a significant expansion from 2020 to 2022: its volume increased at an average annual rate of +20.0% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.9% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, sulphates; of aluminium exports skyrocketed to $1.3M in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 119%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Sulphates; of Aluminium in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Japan | N/A | 785 | 1,228 | 56.4% | |
| Pakistan | 15.7 | 15.9 | 40.7 | 61.0% | |
| Thailand | 142 | N/A | N/A | 0% | |
| Italy | 210 | 23.0 | N/A | -89.0% | |
| Others | 14.5 | 9.9 | 2.5 | -58.5% | |
| Total | 381 | 834 | 1,271 | 82.6% | |
Top Export Markets for Sulphates; of Aluminium from the Philippines in 2022:
- Japan (228.5 tons)
- Pakistan (60.0 tons)
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