Philippines: Market for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function 2024

Market Size for Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in the Philippines

The Philippine market for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function stood at $X in 2022, picking up by 2.4% against the previous year. Overall, the total consumption indicated a remarkable 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 decreased by -2.8% against 2020 indices. Butanal butanal and acyclic aldehydes consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function in the Philippines

In value terms, butanal butanal and acyclic aldehydes production dropped modestly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 23% against the previous year. Butanal butanal and acyclic aldehydes production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Exports from the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function, when their volume decreased by -35.2% to X tons. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of X tons, and then shrank notably in the following year.

In value terms, butanal butanal and acyclic aldehydes exports shrank rapidly to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 107% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

India (X tons), Singapore (X tons) and Indonesia (X tons) were the main destinations of butanal butanal and acyclic aldehydes exports from the Philippines, with a combined 77% share of total exports.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +166.3%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Singapore ($X) and Indonesia ($X) constituted the largest markets for butanal butanal and acyclic aldehydes exported from the Philippines worldwide, with a combined 75% share of total exports.

Among the main countries of destination, Indonesia, with a CAGR of +150.0%, recorded 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

In 2022, the average export price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($X per ton) and Indonesia ($X per ton), while the average price for exports to India ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Butanal (Butyraldehyde, Normal Isomer) And Acyclic Aldehydes, Without Other Oxygen Function

Imports into the Philippines

Butanal butanal and acyclic aldehydes imports into the Philippines skyrocketed to X tons in 2022, increasing by 85% against 2021 figures. Over the period under review, imports, however, continue to indicate a pronounced decline. The growth pace was the most rapid in 2020 when imports increased by 302% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, butanal butanal and acyclic aldehydes imports surged to $X in 2022. In general, imports enjoyed a resilient expansion. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main butanal butanal and acyclic aldehydes supplier to the Philippines, with a 91% share of total imports. Moreover, butanal butanal and acyclic aldehydes imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.1% per year) and Singapore (-34.7% per year).

In value terms, China ($X), the United States ($X) and Singapore ($X) constituted the largest butanal butanal and acyclic aldehydes suppliers to the Philippines, with a combined 81% share of total imports.

The United States, with a CAGR of +23.4%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for butanal (butyraldehyde, normal isomer) and acyclic aldehydes, without other oxygen function amounted to $X per ton, rising by 37% against the previous year. Overall, the import price saw resilient growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 128% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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