Philippines: Activated Carbon Market 2024

Activated Carbon Market Size in the Philippines

The Philippine activated carbon market reduced slightly to $X in 2022, with a decrease of -3.6% against the previous year. Over the period under review, consumption saw a perceptible setback. Activated carbon consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Activated Carbon Production in the Philippines

In value terms, activated carbon production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Activated Carbon Exports

Exports from the Philippines

In 2022, the amount of activated carbon exported from the Philippines expanded notably to X tons, with an increase of 5.9% against the previous year's figure. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 16% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, activated carbon exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 20%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Japan (X tons), Germany (X tons) and the United States (X tons) were the main destinations of activated carbon exports from the Philippines, together comprising 54% of total exports. South Korea, China, Taiwan (Chinese), Indonesia, Canada, South Africa, Ghana and Singapore lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +21.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for activated carbon exported from the Philippines were Japan ($X), Germany ($X) and the United States ($X), with a combined 56% share of total exports. China, South Korea, Taiwan (Chinese), Indonesia, Canada, South Africa, Ghana and Singapore lagged somewhat behind, together comprising a further 29%.

In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +27.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average activated carbon export price stood at $X per ton in 2022, standing approx. at the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2015 when the average export price increased by 39%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X 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 Ghana (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Activated Carbon Imports

Imports into the Philippines

Activated carbon imports into the Philippines soared to X tons in 2022, increasing by 60% against the previous year. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, activated carbon imports surged to $X in 2022. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of activated carbon imports to the Philippines, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +43.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of activated carbon to the Philippines, comprising 44% of total imports. The second position in the ranking was held by Vietnam ($X), with an 18% share of total imports. It was followed by India, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+40.9% per year) and India (+23.2% per year).

Import Prices by Country

The average activated carbon import price stood at $X per ton in 2022, increasing by 9.9% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 43%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :