Philippines: Kaolin Market 2024

Kaolin Market Size in the Philippines

The Philippine kaolin market skyrocketed to $X in 2021, rising by 29% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Kaolin Production in the Philippines

In value terms, kaolin production fell markedly to $X in 2021 estimated in export price. In general, production saw a pronounced expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 92%. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Kaolin Exports

Exports from the Philippines

After two years of decline, shipments abroad of kaolin and kaolinic clays increased by 242% to X tons in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 1,066% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, kaolin exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 1,455%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for kaolin exports from the Philippines, with a 94% share of total exports. Moreover, kaolin exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +70.1%.

In value terms, China ($X) remains the key foreign market for kaolin and kaolinic clays exports from the Philippines, comprising 90% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 1.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to +44.3%.

Export Prices by Country

In 2021, the average kaolin export price amounted to $X per ton, falling by -45.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2020 when the average export price increased by 92%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Taiwan (Chinese) amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+2.4%).

Kaolin Imports

Imports into the Philippines

In 2021, kaolin imports into the Philippines skyrocketed to X tons, rising by 56% on 2020 figures. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.8% against 2019 indices. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, kaolin imports surged to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest kaolin supplier to the Philippines, accounting for a 68% share of total imports. Moreover, kaolin imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. Guatemala (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.6% per year) and Guatemala (+74.8% per year).

In value terms, China ($X), the United States ($X) and Guatemala ($X) appeared to be the largest kaolin suppliers to the Philippines, together comprising 90% of total imports.

Guatemala, with a CAGR of +71.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 kaolin import price amounted to $X per ton, with a decrease of -9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.2%. The growth pace was the most rapid in 2015 when the average import price increased by 38%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Guatemala ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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