Philippines: Market for Gypsum, Anhydrite And Limestone 2024

Market Size for Gypsum, Anhydrite And Limestone in the Philippines

The Philippine gypsum, anhydrite and limestone market was estimated at $X in 2021, picking up by 4.1% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the market value increased by 6.7% against the previous year. Gypsum, anhydrite and limestone consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Gypsum, Anhydrite And Limestone in the Philippines

In value terms, gypsum, anhydrite and limestone production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 9.7%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Gypsum, Anhydrite And Limestone

Exports from the Philippines

In 2021, gypsum, anhydrite and limestone exports from the Philippines surged to X tons, growing by 23% compared with 2020. In general, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 374%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, gypsum, anhydrite and limestone exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 381%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

New Caledonia (X tons), Indonesia (X tons) and South Korea (X tons) were the main destinations of gypsum, anhydrite and limestone exports from the Philippines, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +603.7%), while the other leaders experienced more modest paces of growth.

In value terms, New Caledonia ($X), Indonesia ($X) and South Korea ($X) appeared to be the largest markets for gypsum, anhydrite and limestone exported from the Philippines worldwide, with a combined 74% share of total exports.

In terms of the main countries of destination, Indonesia, with a CAGR of +317.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average gypsum, anhydrite and limestone export price amounted to $X per ton, growing by 9.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 32%. As a result, the export price attained 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 external markets. In 2021, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and Australia ($X per ton), while the average price for exports to New Caledonia ($X per ton) and India ($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 Hong Kong SAR (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Gypsum, Anhydrite And Limestone

Imports into the Philippines

After two years of decline, purchases abroad of gypsum, anhydrite and limestone increased by 38% to X tons in 2021. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2016 with an increase of 53% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, gypsum, anhydrite and limestone imports skyrocketed to $X in 2021. Over the period under review, imports posted a perceptible expansion. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X tons), Oman (X tons) and Thailand (X tons) were the main suppliers of gypsum, anhydrite and limestone imports to the Philippines, with a combined 92% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +85.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest gypsum, anhydrite and limestone suppliers to the Philippines were Thailand ($X), South Korea ($X) and Oman ($X), with a combined 90% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +51.7%, 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

In 2021, the average gypsum, anhydrite and limestone import price amounted to $X per ton, rising by 2.3% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2017 an increase of 16%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per ton), while the price for South Korea ($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 (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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