Philippines: Boron And Tellurium Market 2021

Boron And Tellurium Market Size in the Philippines

The Philippine boron and tellurium market soared to $X in 2020, with an increase of X% against the previous year. Overall, consumption posted a significant increase. The most prominent rate of growth was recorded in 2011 when the market value increased by X% y-o-y. Boron and tellurium consumption peaked in 2020 and is expected to retain growth in the near future.

Boron And Tellurium Production in the Philippines

In value terms, boron and tellurium production totaled $X in 2020 estimated in export prices. Overall, production showed a prominent expansion. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is likely to continue growth in years to come.

Boron And Tellurium Exports

Exports from the Philippines

In 2020, shipments abroad of boron and tellurium increased by X% to X tons, rising for the fourth year in a row after two years of decline. Overall, exports enjoyed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. Over the period under review, exports hit record highs in 2020 and are likely to see gradual growth in years to come.

In value terms, boron and tellurium exports skyrocketed to $X in 2020. In general, exports recorded perceptible growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Belgium (X tons), Germany (X tons) and China (X tons) were the main destinations of boron and tellurium exports from the Philippines, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Canada ($X) constituted the largest markets for boron and tellurium exported from the Philippines worldwide, with a combined X% share of total exports.

Among the main countries of destination, Germany (+X% per year) saw the highest growth rate of 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 boron and tellurium export price stood at $X per ton in 2020, surging by X% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Japan, while the prices for the other major destinations experienced mixed trend patterns.

Boron And Tellurium Imports

Imports into the Philippines

In 2020, the amount of boron and tellurium imported into the Philippines dropped significantly to X tons, with a decrease of -X% on 2019 figures. In general, imports, however, showed a pronounced expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2020, imports stood at a somewhat lower figure.

In value terms, boron and tellurium imports fell notably to $X in 2020. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% year-to-year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2020, South Korea (X tons) constituted the largest supplier of boron and tellurium to the Philippines, with a X% share of total imports. Moreover, boron and tellurium imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from South Korea totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and Belgium (+X% per year).

In value terms, Belgium ($X) constituted the largest supplier of boron and tellurium to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from Belgium amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+X% per year) and South Korea (+X% per year).

Import Prices by Country

The average boron and tellurium import price stood at $X per ton in 2020, increasing by X% against the previous year. In general, the import price showed strong growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Belgium ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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