Philippines: Alums Market 2024

Alums Market Size in the Philippines

The Philippine alums market rose significantly to $X in 2022, increasing by 12% 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). In general, the total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.2% against 2019 indices. Alums consumption peaked in 2022 and is expected to retain growth in the immediate term.

Alums Exports

Exports from the Philippines

In 2022, after four years of decline, there was significant decline in shipments abroad of alums, when their volume decreased by -66.7% to X tons. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2017 with an increase of 305%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, alums exports dropped notably to $X in 2022. In general, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 397% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), Kuwait (X tons) and Australia (X kg) were the main destinations of alums exports from the Philippines, together accounting for 92% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of +45.9%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X) emerged as the key foreign market for alums exports from the Philippines, comprising 77% of total exports. The second position in the ranking was taken by Kuwait ($X), with an 11% share of total exports. It was followed by Denmark, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+11.1% per year) and Denmark (-11.5% per year).

Export Prices by Country

In 2022, the average alums export price amounted to $X per ton, growing by 18% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 357%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the 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 Italy ($X per ton), while the average price for exports to Australia ($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 the United States (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Alums Imports

Imports into the Philippines

In 2022, the amount of alums imported into the Philippines reached X tons, growing by 8.9% on the previous year. Overall, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 38% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, alums imports expanded markedly to $X in 2022. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2014 with an increase of 68% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main supplier of alums to the Philippines, accounting for a 90% share of total imports. Moreover, alums imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+1.0% per year) and India (+21.9% per year).

In value terms, China ($X) constituted the largest supplier of alums to the Philippines, comprising 66% of total imports. The second position in the ranking was held by Mexico ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+2.5% per year) and India (+24.3% per year).

Import Prices by Country

In 2022, the average alums import price amounted to $X per ton, with an increase of 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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