Philippines: Dolomite Market 2024

Dolomite Market Size in the Philippines

In 2021, the Philippine dolomite market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Dolomite Production in the Philippines

In value terms, dolomite production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, posted mild growth. The most prominent rate of growth was recorded in 2013 with an increase of 63%. Dolomite production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Dolomite Exports

Exports from the Philippines

In 2021, overseas shipments of chalk and dolomite decreased by -75.7% to X tons for the first time since 2016, thus ending a four-year rising trend. In general, exports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2017 when exports increased by 25,551% against the previous year. The exports peaked at X tons in 2020, and then shrank significantly in the following year.

In value terms, dolomite exports reduced markedly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 2,077%. Over the period under review, the exports hit record highs at $X in 2020, and then shrank sharply in the following year.

Exports by Country

Taiwan (Chinese) (X tons) was the main destination for dolomite exports from the Philippines, accounting for a 63% share of total exports. Moreover, dolomite exports to Taiwan (Chinese) exceeded the volume sent to the second major destination, Indonesia (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Taiwan (Chinese) was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+222.6% per year) and Japan (-14.3% per year).

In value terms, Taiwan (Chinese) ($X) remains the key foreign market for chalk and dolomite exports from the Philippines, comprising 61% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 24% share of total exports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Taiwan (Chinese) totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+130.9% per year) and Japan (-10.2% per year).

Export Prices by Country

In 2021, the average dolomite export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 8,307%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, 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 Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Dolomite Imports

Imports into the Philippines

In 2021, approx. X tons of chalk and dolomite were imported into the Philippines; with a decrease of -84.7% against the year before. Overall, imports recorded a precipitous contraction. The growth pace was the most rapid in 2020 with an increase of 629%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dolomite imports dropped notably to $X in 2021. Over the period under review, imports faced a sharp decline. The pace of growth was the most pronounced in 2020 when imports increased by 639%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Vietnam (X tons) constituted the largest supplier of dolomite to the Philippines, with a 63% share of total imports. Moreover, dolomite imports from Vietnam exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was taken by Norway (X tons), with a 7.9% share.

From 2012 to 2021, the average annual growth rate of volume from Vietnam amounted to +80.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-18.0% per year) and Norway (0.0% per year).

In value terms, Vietnam ($X) constituted the largest supplier of chalk and dolomite to the Philippines, comprising 45% of total imports. The second position in the ranking was held by Thailand ($X), with a 17% share of total imports. It was followed by Norway, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam stood at +87.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-16.1% per year) and Norway (0.0% per year).

Import Prices by Country

The average dolomite import price stood at $X per ton in 2021, with a decrease of -21.2% against the previous year. Over the period under review, the import price, however, enjoyed temperate growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 81%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+88.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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