Philippines: Polymer Ion-Exchangers Market 2025

Polymer Ion-Exchangers Market Size in the Philippines

The Philippine polymer ion-exchangers market expanded remarkably to $X in 2021, growing by 5.7% against 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). Overall, consumption recorded moderate growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Polymer Ion-Exchangers Exports

Exports from the Philippines

For the eighth year in a row, the Philippines recorded growth in shipments abroad of ion-exchangers based on synthetic or natural polymers in primary forms, which increased by 287% to X tons in 2021. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, polymer ion-exchangers exports skyrocketed to $X in 2021. In general, exports showed significant growth. The growth pace was the most rapid in 2014 with an increase of 334%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Malaysia (X tons) was the main destination for polymer ion-exchangers exports from the Philippines, accounting for a 88% share of total exports. Moreover, polymer ion-exchangers exports to Malaysia exceeded the volume sent to the second major destination, Thailand (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malaysia stood at +63.8%.

In value terms, the largest markets for polymer ion-exchangers exported from the Philippines were Malaysia ($X) and Thailand ($X).

In terms of the main countries of destination, Thailand, with a CAGR of +96.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the average polymer ion-exchangers export price amounted to $X per ton, falling by -18.9% against the previous year. Over the period under review, the export price, however, saw a pronounced expansion. The growth pace was the most rapid in 2014 an increase of 53%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+36.1%).

Polymer Ion-Exchangers Imports

Imports into the Philippines

In 2021, approx. X tons of ion-exchangers based on synthetic or natural polymers in primary forms were imported into the Philippines; increasing by 11% on the year before. In general, total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -19.6% against 2019 indices. The growth pace was the most rapid in 2019 with an increase of 71% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, polymer ion-exchangers imports rose rapidly to $X in 2021. Over the period under review, imports recorded resilient growth. The pace of growth was the most pronounced in 2019 with an increase of 65% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest polymer ion-exchangers supplier to the Philippines, with a 59% share of total imports. Moreover, polymer ion-exchangers imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), sixfold. Italy (X tons) ranked third in terms of total imports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.2% per year) and Italy (+10.0% per year).

In value terms, China ($X) constituted the largest supplier of ion-exchangers based on synthetic or natural polymers in primary forms to the Philippines, comprising 33% of total imports. The second position in the ranking was taken by Japan ($X), with a 16% share of total imports. It was followed by India, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.1% per year) and India (+4.0% per year).

Import Prices by Country

The average polymer ion-exchangers import price stood at $X per ton in 2021, increasing by 2.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2015 when the average import price increased by 41%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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 ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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