Report Update Nov 1, 2024

Philippines - Chromates, Dichromates and Peroxochromates - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Chromates Market 2024

Chromates Market Size in the Philippines

The Philippine chromates market dropped modestly to $X in 2022, approximately reflecting the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Chromates Exports

Exports from the Philippines

In 2014, approx. X tons of chromates, dichromates and peroxochromates were exported from the Philippines; remaining relatively unchanged against the previous year. Overall, exports recorded a dramatic decrease. The smallest decline of 99.9% was in 2013. The exports peaked at X tons in 2012; however, from 2013 to 2014, the exports remained at a lower figure.

In value terms, chromates exports amounted to $X in 2014. Over the period under review, exports recorded a precipitous decrease. The smallest decline of 99.9% was in 2013. The exports peaked at $X in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for chromates exports from the Philippines, with a approx. 99.9% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of volume to Australia was relatively modest.

From 2012 to 2014, the average annual growth rate of value to Australia was relatively modest.

Export Prices by Country

The average chromates export price stood at $X per ton in 2014, therefore, remained relatively stable against the previous year. In general, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2014 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Australia.

From 2012 to 2014, the rate of growth in terms of prices for Australia amounted to 0.0% per year.

Chromates Imports

Imports into the Philippines

For the fourth year in a row, the Philippines recorded decline in overseas purchases of chromates, dichromates and peroxochromates, which decreased by -21.4% to X tons in 2022. Over the period under review, imports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 25%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, chromates imports skyrocketed to $X in 2022. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 46%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of chromates to the Philippines, accounting for a 52% share of total imports. Moreover, chromates imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by India (X tons), with a 13% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.3% per year) and India (+36.5% per year).

In value terms, China ($X) constituted the largest supplier of chromates, dichromates and peroxochromates to the Philippines, comprising 41% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by India, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.8% per year) and India (+32.8% per year).

Import Prices by Country

In 2022, the average chromates import price amounted to $X per ton, with an increase of 49% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 55%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, Turkey and Germany, with a combined 44% share of global consumption. Kazakhstan, India, South Africa, Japan, China, Argentina, Italy, Estonia, Uruguay and Colombia lagged somewhat behind, together comprising a further 44%.

What are the largest producers of chromates, dichromates and peroxochromates in the world?

The countries with the highest volumes of in 2021 were Russia, South Africa and Kazakhstan, with a combined 74% share of global production. These countries were followed by Turkey, Argentina, Estonia and Austria, which together accounted for a further 24%.

What are the leading suppliers of chromates, dichromates and peroxochromates to the Philippines?

In value terms, China constituted the largest supplier of chromates to the Philippines, comprising 63% of total imports. The second position in the ranking was occupied by Japan, with a 21% share of total imports. It was followed by India, with an 8.5% share.

What is the average export price for chromates, dichromates and peroxochromates in the Philippines?

The average chromates export price stood at $2,817 per ton in 2014, flattening at the previous year.

What is the average import price for chromates, dichromates and peroxochromates in the Philippines?

In 2021, the average chromates import price amounted to $1,755 per ton, reducing by -26.7% against the previous year.

This report provides an in-depth analysis of the chromates market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20135125 - Chromates and dichromates, peroxochromates

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023