Report Update Nov 1, 2024

Philippines - Fluoropolymers - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Fluoropolymers Market 2024

Fluoropolymers Market Size in the Philippines

For the third year in a row, the Philippine fluoropolymers market recorded growth in sales value, which increased by 51% to $X in 2021. Overall, consumption showed a significant expansion. Fluoropolymers consumption peaked in 2021 and is likely to continue growth in the near future.

Fluoropolymers Exports

Exports from the Philippines

In 2021, shipments abroad of fluoropolymers increased by 715% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports showed a mild increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fluoropolymers exports soared to $X in 2021. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for fluoropolymers exports from the Philippines, accounting for a 92% share of total exports. Moreover, fluoropolymers exports to Mexico exceeded the volume sent to the second major destination, China (X kg), more than tenfold. France (X kg) ranked third in terms of total exports with a 1.6% share.

From 2017 to 2021, the average annual rate of growth in terms of volume to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-56.9% per year) and France (-21.2% per year).

In value terms, Mexico ($X) emerged as the key foreign market for fluoropolymers exports from the Philippines, comprising 94% of total exports. The second position in the ranking was held by China ($X), with a 1.8% share of total exports. It was followed by Singapore, with a 1.3% share.

From 2017 to 2021, the average annual rate of growth in terms of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-47.8% per year) and Singapore (-26.3% per year).

Export Prices by Country

In 2021, the average fluoropolymers export price amounted to $X per ton, picking up by 164% against the previous year. In general, the export price posted a significant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+855.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fluoropolymers Imports

Imports into the Philippines

In 2021, imports of fluoropolymers into the Philippines soared to X tons, jumping by 26% against 2020. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2017 with an increase of 810%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, fluoropolymers imports soared to $X in 2021. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 140%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of fluoropolymers imports to the Philippines, with a combined 67% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +86.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of fluoropolymers to the Philippines, comprising 66% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by China, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value from Japan stood at +41.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+111.3% per year) and China (+63.3% per year).

Import Prices by Country

In 2021, the average fluoropolymers import price amounted to $X per ton, rising by 84% against the previous year. Overall, the import price posted a remarkable increase. The growth pace was the most rapid in 2018 an increase of 393%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+23.9%), 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 fluoropolymers in the world?

China constituted the country with the largest volume of fluoropolymers consumption, accounting for 23% of total volume. Moreover, fluoropolymers consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with an 8.8% share.

What are the largest producers of fluoropolymers in the world?

The country with the largest volume of fluoropolymers production was China, accounting for 27% of total volume. Moreover, fluoropolymers production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 9.2% share.

What are the leading suppliers of fluoropolymers to the Philippines?

In value terms, the United States constituted the largest supplier of fluoropolymers to the Philippines, comprising 65% of total imports. The second position in the ranking was occupied by Japan, with a 19% share of total imports. It was followed by China, with a 13% share.

What is the average export price for fluoropolymers in the Philippines?

In 2020, the average fluoropolymers export price amounted to $1,340,000 per ton, with an increase of 13,040% against the previous year.

What is the average import price for fluoropolymers in the Philippines?

The average fluoropolymers import price stood at $18,917 per ton in 2020, dropping by -11.4% against the previous year.

This report provides an in-depth analysis of the fluoropolymers 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 20163060 - Fluoropolymers

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