Report Update Nov 1, 2024

Philippines - Polycarboxylic Acids - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Polycarboxylic Acid Market 2024

Polycarboxylic Acid Market Size in the Philippines

The Philippine polycarboxylic acid market dropped dramatically to $X in 2022, waning by -21.8% 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). Over the period under review, the total consumption indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +20.9% against 2020 indices. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Polycarboxylic Acid Exports

Exports from the Philippines

In 2022, overseas shipments of polycarboxylic acids decreased by 0% to X tons, falling for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a abrupt setback. The smallest decline of -84.3% was in 2013. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, polycarboxylic acid exports totaled $X in 2022. Overall, exports saw a sharp shrinkage. The smallest decline of -88.9% was in 2014. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for polycarboxylic acid exports from the Philippines, with a 98% share of total exports. It was followed by Brazil (X kg), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore was relatively modest.

From 2012 to 2022, the average annual growth rate of value to Singapore was relatively modest.

Export Prices by Country

The average polycarboxylic acid export price stood at $X per ton in 2022, remaining stable against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when the average export price increased by 193% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to Singapore amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+8.1%).

Polycarboxylic Acid Imports

Imports into the Philippines

Polycarboxylic acid imports into the Philippines fell dramatically to X tons in 2022, with a decrease of -20.1% on 2021 figures. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 38% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, polycarboxylic acid imports declined significantly to $X in 2022. Overall, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 72%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and South Korea (X tons) were the main suppliers of polycarboxylic acid imports to the Philippines, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +6.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polycarboxylic acid suppliers to the Philippines were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for 82% of total imports.

China, with a CAGR of +11.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average polycarboxylic acid import price stood at $X per ton in 2022, reducing by -2.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2021 an increase of 39%. As a result, import price reached the peak level of $X per ton, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.2%), 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 polycarboxylic acids in the world?

The countries with the highest volumes of in 2021 were China, India and Turkey, with a combined 35% share of global consumption.

What are the largest producers of polycarboxylic acids in the world?

The country with the largest volume of polycarboxylic acid production was China, comprising approx. 22% of total volume. Moreover, polycarboxylic acid production in China exceeded the figures recorded by the second-largest producer, South Korea, twofold. The third position in this ranking was occupied by Taiwan Chinese), with a 5.6% share.

What are the leading suppliers of polycarboxylic acids to the Philippines?

In value terms, the largest polycarboxylic acid suppliers to the Philippines were Taiwan Chinese), South Korea and China, together comprising 76% of total imports.

What are the leading importers of polycarboxylic acids from the Philippines?

In value terms, Egypt remains the key foreign market for polycarboxylic acid exports from the Philippines, comprising 84% of total exports. The second position in the ranking was occupied by Japan, with a 16% share of total exports.

What is the average export price for polycarboxylic acids in the Philippines?

In 2021, the average polycarboxylic acid export price amounted to $1,532 per ton, waning by -29.4% against the previous year.

What is the average import price for polycarboxylic acids in the Philippines?

In 2021, the average polycarboxylic acid import price amounted to $1,442 per ton, surging by 39% against the previous year.

This report provides an in-depth analysis of the polycarboxylic acid 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 20143383 - Oxalic, azelaic, malonic, other, cyclanic, cylenic or cycloterpenic polycarboxylic acids, salts
Prodcom 20143385 - Adipic acid, its salts and esters
Prodcom 20143387 - Maleic anhydride
Prodcom 20143410 - Dibutyl and dioctyl orthophthalates
Prodcom 20143420 - Other esters of orthophthalic acid
Prodcom 20143430 - Phthalic anhydride, terephthalic acid and its salts
Prodcom 20143440 - Aromatic polycarboxylic acids, their anhydrides, halides, p eroxides, peroxyacids and their halogenated, sulphonated, n itrated or nitrosated derivatives (excluding esters of orthophthalic acid, phthalic anhydride, terephthalic acid and

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