Philippines: Market for Anionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Anionic Surface-Active Agents (Excluding Soap) in the Philippines

The Philippine market for anionic surface-active agents (excluding soap) shrank rapidly to $X in 2021, waning by -15% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Production of Anionic Surface-Active Agents (Excluding Soap) in the Philippines

In value terms, anionic surface-active agents (excl. soap) production contracted markedly to $X in 2021 estimated in export price. In general, production saw a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of 44%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Exports of Anionic Surface-Active Agents (Excluding Soap)

Exports from the Philippines

In 2021, approx. X tons of anionic surface-active agents (excluding soap) were exported from the Philippines; picking up by 14% against the previous year. Overall, total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -0.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 26%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, anionic surface-active agents (excl. soap) exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X tons), Thailand (X tons) and Australia (X tons) were the main destinations of anionic surface-active agents (excl. soap) exports from the Philippines, with a combined 41% share of total exports. South Korea, China, Malaysia, Japan, India and Indonesia lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for anionic surface-active agents (excl. soap) exported from the Philippines were Vietnam ($X), Thailand ($X) and Australia ($X), with a combined 41% share of total exports. These countries were followed by South Korea, China, Malaysia, Japan, India and Indonesia, which together accounted for a further 41%.

Among the main countries of destination, South Korea, with a CAGR of +24.3%, 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 export price for anionic surface-active agents (excluding soap) stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Australia ($X per ton), while the average price for exports to Indonesia ($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 Australia (+1.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Anionic Surface-Active Agents (Excluding Soap)

Imports into the Philippines

Anionic surface-active agents (excl. soap) imports into the Philippines rose modestly to X tons in 2021, picking up by 4.6% against 2020 figures. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by 69%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, anionic surface-active agents (excl. soap) imports soared to $X in 2021. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by 75% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest anionic surface-active agents (excl. soap) supplier to the Philippines, with a 35% share of total imports. Moreover, anionic surface-active agents (excl. soap) imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+85.3% per year) and South Korea (+29.0% per year).

In value terms, China ($X) constituted the largest supplier of anionic surface-active agents (excluding soap) to the Philippines, comprising 37% of total imports. The second position in the ranking was held by India ($X), with a 16% share of total imports. It was followed by Singapore, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +19.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+79.6% per year) and Singapore (+60.7% per year).

Import Prices by Country

In 2021, the average import price for anionic surface-active agents (excluding soap) amounted to $X per ton, increasing by 18% against the previous year. Over the period under review, the import price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2015 an increase of 31% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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