Report Update Nov 1, 2024

Philippines - Platinum Catalysts - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Platinum Catalysts Market 2024

Platinum Catalysts Market Size in the Philippines

In 2022, the Philippine platinum catalysts market decreased by -27.9% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, recorded a significant increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Platinum Catalysts Production in the Philippines

In value terms, platinum catalysts production expanded notably to $X in 2022 estimated in export price. In general, production posted buoyant growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 49% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Platinum Catalysts Exports

Exports from the Philippines

In 2022, shipments abroad of platinum catalysts increased by 100% to X kg, rising for the fifth consecutive year after five years of decline. In general, exports, however, recorded a precipitous curtailment. Over the period under review, the exports reached the peak figure at X kg in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, platinum catalysts exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a sharp decline. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X kg) was the main destination for platinum catalysts exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR was relatively modest.

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for platinum catalysts exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR was relatively modest.

Export Prices by Country

In 2022, the average platinum catalysts export price amounted to $X per ton, jumping by 43% against the previous year. Over the period under review, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 61% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +21.1% per year.

Platinum Catalysts Imports

Imports into the Philippines

In 2022, supplies from abroad of platinum catalysts decreased by -76.3% to X tons, falling for the second year in a row after three years of growth. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 385%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, platinum catalysts imports fell notably to $X in 2022. Overall, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 626%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X kg) and Japan (X kg) were the main suppliers of platinum catalysts imports to the Philippines.

From 2013 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +105.7%).

In value terms, Japan ($X) constituted the largest supplier of platinum catalysts to the Philippines, comprising 67% of total imports. The second position in the ranking was taken by South Korea ($X), with a 33% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from Japan amounted to +260.5%.

Import Prices by Country

In 2022, the average platinum catalysts import price amounted to $X per ton, growing by 44% against the previous year. Over the period under review, the import price posted significant growth. The most prominent rate of growth was recorded in 2018 an increase of 76% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+58.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for platinum catalysts in the world?

The country with the largest volume of platinum catalysts consumption was Portugal, comprising approx. 38% of total volume. Moreover, platinum catalysts consumption in Portugal exceeded the figures recorded by the second-largest consumer, Indonesia, twofold. The UK ranked third in terms of total consumption with a 6.8% share.

What are the largest producers of platinum catalysts in the world?

The UK constituted the country with the largest volume of platinum catalysts production, comprising approx. 46% of total volume. Moreover, platinum catalysts production in the UK exceeded the figures recorded by the second-largest producer, Norway, threefold. The third position in this ranking was occupied by Spain, with an 8.9% share.

What are the leading suppliers of platinum catalysts to the Philippines?

In value terms, South Korea, Japan and Australia constituted the largest platinum catalysts suppliers to the Philippines, together comprising 99% of total imports.

What are the leading importers of platinum catalysts from the Philippines?

In value terms, Singapore remains the key foreign market for platinum catalysts exports from the Philippines.

What is the average export price for platinum catalysts in the Philippines?

In 2021, the average platinum catalysts export price amounted to $322,088 per ton, falling by -3.9% against the previous year.

What is the average import price for platinum catalysts in the Philippines?

The average platinum catalysts import price stood at $812,325 per ton in 2021, jumping by 31% against the previous year.

This report provides an in-depth analysis of the platinum catalysts market 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 24413070 - Platinum catalysts in the form of wire cloth or grill

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