Philippines: Market for Liquid Or Compressed Air And Distilled Or Conductivity Water 2024

Market Size for Liquid Or Compressed Air And Distilled Or Conductivity Water in the Philippines

In 2021, the Philippine market for liquid or compressed air and distilled or conductivity water was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a abrupt downturn. Liquid air and distilled water consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Liquid Or Compressed Air And Distilled Or Conductivity Water in the Philippines

In value terms, liquid air and distilled water production expanded markedly to $X in 2021 estimated in export price. In general, production, however, showed a deep contraction. Liquid air and distilled water production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Exports from the Philippines

In 2021, the amount of liquid or compressed air and distilled or conductivity water exported from the Philippines surged to X tons, rising by 15% against the previous year's figure. Overall, exports recorded a pronounced increase. The most prominent rate of growth was recorded in 2019 with an increase of 7,973% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, liquid air and distilled water exports shrank remarkably to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 6,247%. The exports peaked at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

Australia (X tons), Singapore (X tons) and the United States (X tons) were the main destinations of liquid air and distilled water exports from the Philippines, with a combined 97% 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 Singapore (with a CAGR of +210.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for liquid or compressed air and distilled or conductivity water exports from the Philippines, comprising 78% of total exports. The second position in the ranking was taken by Australia ($X), with a 14% share of total exports. It was followed by the United States, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Singapore totaled +110.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (0.0% per year) and the United States (-17.7% per year).

Export Prices by Country

The average export price for liquid or compressed air and distilled or conductivity water stood at $X per ton in 2021, shrinking by -54.7% against the previous year. Over the period under review, the export price, however, saw notable growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 169% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Indonesia ($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 Canada (+12.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Liquid Or Compressed Air And Distilled Or Conductivity Water

Imports into the Philippines

In 2021, the amount of liquid or compressed air and distilled or conductivity water imported into the Philippines fell remarkably to X tons, which is down by -38.3% compared with the year before. In general, imports continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 with an increase of 22%. As a result, imports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, liquid air and distilled water imports fell rapidly to $X in 2021. Over the period under review, imports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 7.8%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), Israel (X tons) and Thailand (X tons) were the main suppliers of liquid air and distilled water imports to the Philippines, with a combined 98% share of total imports.

From 2017 to 2021, the biggest increases were recorded for Israel (with a CAGR of +18.3%), while purchases for the other leaders experienced a decline.

In value terms, the United States ($X) constituted the largest supplier of liquid or compressed air and distilled or conductivity water to the Philippines, comprising 97% of total imports. The second position in the ranking was held by Israel ($X), with a 1.2% share of total imports.

From 2017 to 2021, the average annual growth rate of value from the United States totaled -31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (+0.2% per year) and Thailand (-33.6% per year).

Import Prices by Country

In 2021, the average import price for liquid or compressed air and distilled or conductivity water amounted to $X per ton, falling by -41.1% against the previous year. Over the period under review, the import price saw a dramatic slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 8.4%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 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 the United States ($X per ton), while the price for Israel ($X per ton) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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