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Philippines - Industrial Tall Oil Fatty Acids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Market for Industrial Tall Oil Fatty Acids 2024
Market Size for Industrial Tall Oil Fatty Acids in the Philippines
In 2023, the Philippine tall oil fatty acids market decreased by X% to less than $X, falling for the third consecutive year after two years of growth. Overall, consumption saw a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.
Production of Industrial Tall Oil Fatty Acids in the Philippines
In value terms, tall oil fatty acids production contracted to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2023, production remained at a lower figure.
Exports of Industrial Tall Oil Fatty Acids
Exports from the Philippines
After three years of decline, overseas shipments of industrial tall oil fatty acids decreased by X% to X tons in 2021. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.
In value terms, tall oil fatty acids exports totaled $X in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.
Exports by Country
China (X tons) was the main destination for tall oil fatty acids exports from the Philippines, with a approx. X% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to China amounted to X%.
From 2012 to 2021, the average annual growth rate of value to China stood at X%.
Export Prices by Country
In 2021, the average tall oil fatty acids export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price posted a moderate expansion. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to X% per year.
Imports of Industrial Tall Oil Fatty Acids
Imports into the Philippines
In 2023, tall oil fatty acids imports into the Philippines plummeted to X tons, reducing by X% against the year before. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.
In value terms, tall oil fatty acids imports dropped notably to $X in 2023. Overall, imports showed a slight decrease. The pace of growth appeared the most rapid in 2022 when imports increased by X%. As a result, imports attained the peak of $X, and then declined significantly in the following year.
Imports by Country
In 2023, Japan (X tons) constituted the largest supplier of tall oil fatty acids to the Philippines, accounting for a X% share of total imports. Moreover, tall oil fatty acids imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), threefold.
From 2012 to 2023, the average annual growth rate of volume from Japan stood at X%.
In value terms, Japan ($X) constituted the largest supplier of industrial tall oil fatty acids to the Philippines, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of value from Japan totaled X%.
Import Prices by Country
In 2023, the average tall oil fatty acids import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then fell notably in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China amounted to $X per ton.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for tall oil fatty acids 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 20143150 - Industrial tall oil fatty acids
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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