Philippines: Market for Activated Natural Mineral Products 2024

Market Size for Activated Natural Mineral Products in the Philippines

The Philippine activated natural mineral products market soared to $X in 2021, with an increase of 22% 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, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +107.6% against 2014 indices. Activated natural mineral products consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Activated Natural Mineral Products

Exports from the Philippines

In 2021, activated natural mineral products exports from the Philippines reduced rapidly to X tons, dropping by -32.2% on the year before. In general, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2015 when exports increased by 37,194% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, activated natural mineral products exports skyrocketed to $X in 2021. Over the period under review, exports showed a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 4,202% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brunei Darussalam (X tons) was the main destination for activated natural mineral products exports from the Philippines, with a 72% share of total exports. Moreover, activated natural mineral products exports to Brunei Darussalam exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+64.5% per year) and Macao SAR (0.0% per year).

In value terms, Brunei Darussalam ($X) emerged as the key foreign market for activated natural mineral products exports from the Philippines, comprising 73% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Brunei Darussalam was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+212.1% per year) and Macao SAR (0.0% per year).

Export Prices by Country

In 2021, the average activated natural mineral products export price amounted to $X per ton, growing by 80% against the previous year. Overall, the export price saw a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 403%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Macao SAR ($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 (+89.8%).

Imports of Activated Natural Mineral Products

Imports into the Philippines

In 2021, the amount of activated natural mineral products imported into the Philippines soared to X tons, growing by 49% on the previous year's figure. Overall, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, activated natural mineral products imports surged to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +98.2% against 2014 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 26%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of activated natural mineral products imports to the Philippines, together comprising 91% of total imports. India and Germany lagged somewhat behind, together comprising a further 4.5%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +57.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest activated natural mineral products suppliers to the Philippines were Indonesia ($X), China ($X) and Malaysia ($X), with a combined 82% share of total imports. These countries were followed by India and Germany, which together accounted for a further 6.2%.

In terms of the main suppliers, India, with a CAGR of +62.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average activated natural mineral products import price stood at $X per ton in 2021, shrinking by -21.6% against the previous year. Over the period under review, the import price recorded a slight descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8.1% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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