Report Update Nov 1, 2024

Philippines - Acrylonitrile-Butadiene-Styrene (Abs) Copolymers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Abs Copolymers Market 2024

Abs Copolymers Market Size in the Philippines

The Philippine ABS copolymers market surged to $X in 2021, picking up by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a remarkable increase. Consumption peaked in 2021 and is likely to see gradual growth in the near future.

Abs Copolymers Exports

Exports from the Philippines

In 2021, abs copolymers exports from the Philippines skyrocketed to X tons, with an increase of 19% against the previous year. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2017 when exports increased by 1,324%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ABS copolymers exports soared to $X in 2021. Overall, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 1,066%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for ABS copolymers exports from the Philippines, with a 67% share of total exports. Moreover, ABS copolymers exports to China exceeded the volume sent to the second major destination, Japan (X tons), twofold. Malaysia (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +51.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+17.7% per year) and Malaysia (-15.8% per year).

In value terms, Japan ($X), China ($X) and Malaysia ($X) constituted the largest markets for ABS copolymers exported from the Philippines worldwide, with a combined 98% share of total exports.

China, with a CAGR of +35.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average ABS copolymers export price stood at $X per ton in 2021, picking up by 19% against the previous year. Over the period under review, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 120%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+17.6%), while the prices for the other major destinations experienced a decline.

Abs Copolymers Imports

Imports into the Philippines

In 2021, imports of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms into the Philippines surged to X tons, picking up by 40% compared with the year before. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2016 with an increase of 107% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ABS copolymers imports surged to $X in 2021. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Korea (X tons), Malaysia (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of ABS copolymers imports to the Philippines, together comprising 81% of total imports. These countries were followed by Japan, China, Thailand and Singapore, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +22.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Malaysia ($X) and Taiwan (Chinese) ($X) appeared to be the largest ABS copolymers suppliers to the Philippines, with a combined 73% share of total imports.

Malaysia, with a CAGR of +20.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ABS copolymers import price stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the period under review, the import price, however, recorded a slight descent. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in the world?

The countries with the highest volumes of abs copolymers consumption in 2020 were China, Taiwan Chinese) and the United States, together comprising 48% of global consumption. These countries were followed by Indonesia, Japan, Mexico, Nigeria, Malaysia, Vietnam, Germany, Turkey, South Korea and Iran, which together accounted for a further 24%.

What are the largest producers of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in the world?

The countries with the highest volumes of abs copolymers production in 2020 were South Korea, Taiwan Chinese) and the United States, together accounting for 49% of global production. Belgium, Japan, Malaysia, Indonesia, the Netherlands, Nigeria, Mexico, Iran, Thailand and Democratic Republic of the Congo lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms to the Philippines?

In value terms, the largest abs copolymers suppliers to the Philippines were South Korea, Taiwan Chinese) and Malaysia, with a combined 63% share of total imports. Japan, Thailand, China and Indonesia lagged somewhat behind, together accounting for a further 32%.

What are the leading importers of acrylonitrile-butadiene-styrene (abs) copolymers in primary forms from the Philippines?

In value terms, China, Japan and Malaysia were the largest markets for abs copolymers exported from the Philippines worldwide, together accounting for 97% of total exports.

What is the average export price for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in the Philippines?

The average abs copolymers export price stood at $847 per ton in 2020, reducing by -25.9% against the previous year.

What is the average import price for acrylonitrile-butadiene-styrene (abs) copolymers in primary forms in the Philippines?

The average abs copolymers import price stood at $2,135 per ton in 2020, falling by -9% against the previous year.

This report provides an in-depth analysis of the abs copolymers market 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 20162070 - Acrylonitrile-butadiene-styrene (ABS) copolymers, in primary forms

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
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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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023