Philippines: Dicalcium Phosphate Market 2024

Dicalcium Phosphate Market Size in the Philippines

In 2021, after two years of growth, there was significant decline in the Philippine dicalcium phosphate market, when its value decreased by -17.5% to $X. Overall, consumption, however, saw a resilient expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Dicalcium Phosphate Exports

Exports from the Philippines

In 2021, overseas shipments of calcium hydrogenorthophosphate (dicalcium phosphate) were finally on the rise to reach X tons after three years of decline. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 188% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, dicalcium phosphate exports skyrocketed to $X in 2021. Overall, exports posted a tangible expansion. The growth pace was the most rapid in 2013 when exports increased by 130%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for dicalcium phosphate exports from the Philippines, with a 86% share of total exports. Moreover, dicalcium phosphate exports to China exceeded the volume sent to the second major destination, Thailand (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to China stood at +34.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+9.5% per year) and South Korea (-43.1% per year).

In value terms, China ($X), Thailand ($X) and South Korea ($X) were the largest markets for dicalcium phosphate exported from the Philippines worldwide, with a combined 100% share of total exports.

China, with a CAGR of +20.6%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average dicalcium phosphate export price stood at $X per ton in 2021, surging by 11% against the previous year. Overall, the export price enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 85%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($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 South Korea (+24.7%), while the prices for the other major destinations experienced a decline.

Dicalcium Phosphate Imports

Imports into the Philippines

In 2021, after two years of growth, there was significant decline in purchases abroad of calcium hydrogenorthophosphate (dicalcium phosphate), when their volume decreased by -36.7% to X tons. Overall, imports, however, saw a strong increase. The pace of growth appeared the most rapid in 2015 when imports increased by 73%. Imports peaked at X tons in 2020, and then fell remarkably in the following year.

In value terms, dicalcium phosphate imports declined to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 94% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main dicalcium phosphate supplier to the Philippines, with a 91% share of total imports. Moreover, dicalcium phosphate imports from China exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+31.1% per year) and Malaysia (+24.1% per year).

In value terms, China ($X) constituted the largest supplier of calcium hydrogenorthophosphate (dicalcium phosphate) to the Philippines, comprising 89% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 6.9% share of total imports. It was followed by Malaysia, with a 1.8% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+30.2% per year) and Malaysia (+19.9% per year).

Import Prices by Country

In 2021, the average dicalcium phosphate import price amounted to $X per ton, picking up by 48% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, 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 ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+15.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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