Philippines: Market for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) 2024

Market Size for Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) in the Philippines

The Philippine market for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) expanded notably to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a noticeable slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine) in the Philippines

In value terms, production of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) soared to $X in 2022 estimated in export price. In general, production, however, enjoyed a resilient increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Exports from the Philippines

In 2022, exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from the Philippines reduced to X tons, with a decrease of X% against the previous year's figure. Overall, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) fell modestly to $X in 2022. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

The United States (X tons), Japan (X tons) and India (X tons) were the main destinations of exports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from the Philippines, together accounting for X% of total exports. China, the Netherlands, Singapore, Indonesia and South Korea lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for acylic monoamines,their derivatives and salts thereof exported from the Philippines were the United States ($X), Japan ($X) and India ($X), together accounting for X% of total exports. China, the Netherlands, Singapore, Indonesia and South Korea lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price continues to indicate mild growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and India ($X per ton), while the average price for exports to the United States ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Acylic Monoamines,Their Derivatives And Salts Thereof (Excl. Methylamine; Di- or Trimethylamine)

Imports into the Philippines

In 2022, supplies from abroad of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) rose remarkably to $X in 2022. Over the period under review, imports showed a slight decline. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest acylic monoamines,their derivatives and salts thereof supplier to the Philippines, accounting for a X% share of total imports. Moreover, imports of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

In value terms, China ($X) constituted the largest supplier of acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) to the Philippines, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with an X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Belgium (X% per year).

Import Prices by Country

The average import price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) stood at $X per ton in 2022, with an increase of X% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acylic monoamines,their derivatives and salts thereof (excl. methylamine; di- or trimethylamine) increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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