Philippines: Expanded Clays Market 2024

Expanded Clays Market Size in the Philippines

In 2021, the Philippine expanded clays market decreased by -0.1% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Expanded Clays Production in the Philippines

In value terms, expanded clays production dropped to $X in 2021 estimated in export price. In general, production, however, showed a mild decrease. The pace of growth was the most pronounced in 2015 when the production volume increased by 46%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Expanded Clays Exports

Exports from the Philippines

In 2021, overseas shipments of exfoliated vermiculite, expanded clays and foamed slag decreased by -46.9% to X tons, falling for the sixth year in a row after four years of growth. Overall, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 676% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, expanded clays exports reduced notably to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 when exports increased by 448%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons) was the main destination for expanded clays exports from the Philippines, accounting for a 51% share of total exports. Moreover, expanded clays exports to Australia exceeded the volume sent to the second major destination, the United States (X tons), fourfold. Indonesia (X tons) ranked third in terms of total exports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+22.9% per year) and Indonesia (-20.4% per year).

In value terms, Australia ($X) remains the key foreign market for exfoliated vermiculite, expanded clays and foamed slag exports from the Philippines, comprising 57% of total exports. The second position in the ranking was held by Japan ($X), with a 13% share of total exports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+50.1% per year) and South Korea (-9.6% per year).

Export Prices by Country

In 2021, the average expanded clays export price amounted to $X per ton, jumping by 21% against the previous year. Overall, the export price saw a buoyant increase. The pace of growth appeared the most rapid in 2017 an increase of 38% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($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 Japan (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Clays Imports

Imports into the Philippines

In 2021, overseas purchases of exfoliated vermiculite, expanded clays and foamed slag increased by 4.9% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a precipitous setback. The growth pace was the most rapid in 2015 with an increase of 370%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, expanded clays imports rose sharply to $X in 2021. Overall, imports, however, faced a precipitous descent. The pace of growth was the most pronounced in 2015 with an increase of 534%. 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, Australia (X tons) constituted the largest supplier of expanded clays to the Philippines, accounting for a 49% share of total imports. Moreover, expanded clays imports from Australia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Malaysia (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Australia amounted to +36.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-39.5% per year) and Malaysia (-4.2% per year).

In value terms, Australia ($X), China ($X) and Thailand ($X) appeared to be the largest expanded clays suppliers to the Philippines, together accounting for 71% of total imports.

Among the main suppliers, Australia, with a CAGR of +29.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average expanded clays import price stood at $X per ton in 2021, growing by 2.8% against the previous year. Over the period under review, the import price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 73%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+19.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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