Philippines: Market for Non-Ionic Surface-Active Agents (Excluding Soap) 2024

Market Size for Non-Ionic Surface-Active Agents (Excluding Soap) in the Philippines

The Philippine market for non-ionic surface-active agents (excluding soap) rose sharply to $X in 2021, surging by 14% 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). In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Ionic Surface-Active Agents (Excluding Soap)

Exports from the Philippines

In 2021, shipments abroad of non-ionic surface-active agents (excluding soap) was finally on the rise to reach X tons after three years of decline. Over the period under review, exports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 97%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, non-ionic surface-active agents (excl. soap) exports soared to $X in 2021. In general, exports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 117% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X tons) was the main destination for non-ionic surface-active agents (excl. soap) exports from the Philippines, with a 22% share of total exports. Moreover, non-ionic surface-active agents (excl. soap) exports to Thailand exceeded the volume sent to the second major destination, the United States (X tons), twofold. China (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.8% per year) and China (-13.4% per year).

In value terms, Thailand ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the largest markets for non-ionic surface-active agents (excl. soap) exported from the Philippines worldwide, with a combined 43% share of total exports. These countries were followed by China, Canada, Indonesia, Singapore, Japan, South Korea, Australia, Vietnam, Bangladesh and the Dominican Republic, which together accounted for a further 52%.

In terms of the main countries of destination, Indonesia, with a CAGR of +67.7%, saw the highest growth rate of 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 export price for non-ionic surface-active agents (excluding soap) amounted to $X per ton, with a decrease of -7.5% against the previous year. In general, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2014 an increase of 16%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($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 Taiwan (Chinese) (+2.6%), while the prices for the other major destinations experienced a decline.

Imports of Non-Ionic Surface-Active Agents (Excluding Soap)

Imports into the Philippines

Non-ionic surface-active agents (excl. soap) imports into the Philippines reached X tons in 2021, surging by 12% compared with 2020 figures. In general, imports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when imports increased by 119%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, non-ionic surface-active agents (excl. soap) imports skyrocketed to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Malaysia (X tons), China (X tons) and Singapore (X tons) were the main suppliers of non-ionic surface-active agents (excl. soap) imports to the Philippines, with a combined 57% 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 Malaysia (with a CAGR of +11.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Singapore ($X) and the United States ($X) appeared to be the largest non-ionic surface-active agents (excl. soap) suppliers to the Philippines, with a combined 52% share of total imports. Malaysia, Taiwan (Chinese), Germany and South Korea lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Malaysia, with a CAGR of +19.2%, 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 import price for non-ionic surface-active agents (excluding soap) amounted to $X per ton, growing by 11% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 61%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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