Report Update Nov 1, 2024

Philippines - Palmitic Acid, Stearic Acid, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Philippines: Market for Palmitic Acid, Stearic Acid, Their Salts And Esters 2024

Market Size for Palmitic Acid, Stearic Acid, Their Salts And Esters in the Philippines

In 2021, the Philippine market for palmitic acid, stearic acid, their salts and esters decreased by -18.7% to $X, falling for the fourth consecutive year after six years of growth. Overall, consumption, however, showed a prominent expansion. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Exports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Exports from the Philippines

In 2021, shipments abroad of palmitic acid, stearic acid, their salts and esters decreased by -99.9% to X kg, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2019 when exports increased by 2,010%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of palmitic acid, stearic acid, their salts and esters shrank dramatically to $X in 2021. In general, exports saw a sharp decrease. The growth pace was the most rapid in 2019 with an increase of 5,974%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

India (X kg) was the main destination for exports of palmitic acid, stearic acid, their salts and esters from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to India stood at +305.2%.

In value terms, India ($X) emerged as the key foreign market for palmitic acid, stearic acid, their salts and esters exports from the Philippines.

From 2012 to 2021, the average annual rate of growth in terms of value to India stood at +487.2%.

Export Prices by Country

The average export price for palmitic acid, stearic acid, their salts and esters stood at $X per ton in 2021, increasing by 69% against the previous year. Over the period under review, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 188%. The export price peaked in 2021 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +175.9% per year.

Imports of Palmitic Acid, Stearic Acid, Their Salts And Esters

Imports into the Philippines

In 2021, the amount of palmitic acid, stearic acid, their salts and esters imported into the Philippines reduced sharply to X tons, which is down by -41% compared with the previous year. Over the period under review, imports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 215%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of palmitic acid, stearic acid, their salts and esters fell to $X in 2021. Overall, imports, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 147%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest supplier of palmitic acid, stearic acid, their salts and esters to the Philippines, accounting for a 41% share of total imports. Moreover, imports of palmitic acid, stearic acid, their salts and esters from Indonesia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. The third position in this ranking was held by China (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Indonesia stood at +35.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+2.1% per year) and China (+12.3% per year).

In value terms, Indonesia ($X), Malaysia ($X) and Singapore ($X) constituted the largest palmitic acid, stearic acid, their salts and esters suppliers to the Philippines, together comprising 63% of total imports. These countries were followed by China, India, South Korea and Taiwan (Chinese), which together accounted for a further 29%.

In terms of the main suppliers, South Korea, with a CAGR of +111.3%, recorded 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 palmitic acid, stearic acid, their salts and esters amounted to $X per ton, with an increase of 46% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 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 Singapore ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for palmitic acid, stearic acid, their salts and esters in the world?

China constituted the country with the largest volume of consumption of palmitic acid, stearic acid, their salts and esters, comprising approx. 23% of total volume. Moreover, consumption of palmitic acid, stearic acid, their salts and esters in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.5% share.

What are the largest producers of palmitic acid, stearic acid, their salts and esters in the world?

The countries with the highest volumes of production of palmitic acid, stearic acid, their salts and esters in 2021 were China, India and Indonesia, with a combined 44% share of global production. These countries were followed by Malaysia, the United States, Japan, Pakistan, Brazil, Germany, Italy, Singapore, Turkey and Mexico, which together accounted for a further 40%.

What are the leading suppliers of palmitic acid, stearic acid, their salts and esters to the Philippines?

In value terms, Indonesia, Malaysia and Singapore constituted the largest palmitic acid, stearic acid, their salts and esters suppliers to the Philippines, with a combined 63% share of total imports. China, India, South Korea and Thailand lagged somewhat behind, together accounting for a further 30%.

What are the leading importers of palmitic acid, stearic acid, their salts and esters from the Philippines?

In value terms, Germany and India constituted the largest markets for palmitic acid, stearic acid, their salts and esters exported from the Philippines worldwide.

What is the average export price for palmitic acid, stearic acid, their salts and esters in the Philippines?

The average export price for palmitic acid, stearic acid, their salts and esters stood at $1,625 per ton in 2021, picking up by 76% against the previous year.

What is the average import price for palmitic acid, stearic acid, their salts and esters in the Philippines?

The average import price for palmitic acid, stearic acid, their salts and esters stood at $1,646 per ton in 2021, jumping by 48% against the previous year.

This report provides an in-depth analysis of the market for palmitic acid, stearic acid, their salts and esters in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20143235 - Palmitic acid, stearic acid, their salts and esters

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023