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Report Philippines - Polyethylene Glycols and Polyethers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Philippines - Polyethylene Glycols and Polyethers in Primary Forms - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Polyethylene Glycols and Polyethers in Primary Forms 2024

Market Size for Polyethylene Glycols and Polyethers in Primary Forms in the Philippines

The Philippine polyethylene glycol and polyether market surged to $X in 2021, growing by 63% 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, consumption saw a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Polyethylene Glycols and Polyethers in Primary Forms

Exports from the Philippines

Polyethylene glycol and polyether exports from the Philippines skyrocketed to X tons in 2021, picking up by 66% on the year before. In general, exports showed a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by 124% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, polyethylene glycol and polyether exports soared to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2016 when exports increased by 107%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

China (X tons), Japan (X tons) and Malaysia (X tons) were the main destinations of polyethylene glycol and polyether exports from the Philippines, with a combined 88% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +75.5%), while the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) remains the key foreign market for polyethylene glycols and polyethers in primary forms exports from the Philippines, comprising 69% of total exports. The second position in the ranking was held by China ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+60.0% per year) and Taiwan (Chinese) (+7.5% per year).

Export Prices by Country

In 2021, the average polyethylene glycol and polyether export price amounted to $X per ton, with an increase of 2.8% against the previous year. Over the period under review, the export price recorded strong growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 80% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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) (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polyethylene Glycols and Polyethers in Primary Forms

Imports into the Philippines

In 2021, the amount of polyethylene glycols and polyethers in primary forms imported into the Philippines surged to X tons, rising by 34% compared with 2020 figures. Overall, imports showed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, polyethylene glycol and polyether imports soared to $X in 2021. Over the period under review, imports saw a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X tons), Singapore (X tons) and Japan (X tons) were the main suppliers of polyethylene glycol and polyether imports to the Philippines, together accounting for 71% of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +58.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest polyethylene glycol and polyether suppliers to the Philippines were Japan ($X), Thailand ($X) and Singapore ($X), together comprising 75% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of +53.0%, 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

The average polyethylene glycol and polyether import price stood at $X per ton in 2021, rising by 28% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest polyethylene glycol and polyether consuming country worldwide, comprising approx. 23% of total volume. Moreover, polyethylene glycol and polyether consumption 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 8.9% share.
The countries with the highest volumes of polyethylene glycol and polyether production in 2020 were China, the United States and the Netherlands, with a combined 47% share of global production. India, South Korea, Belgium, Saudi Arabia, Japan, Russia, Germany, Singapore, Thailand and France lagged somewhat behind, together comprising a further 41%.
In value terms, the largest polyethylene glycol and polyether suppliers to the Philippines were Japan, Singapore and Thailand, together accounting for 67% of total imports.
In value terms, China remains the key foreign market for polyethylene glycol and polyether exports from the Philippines, comprising 60% of total exports. The second position in the ranking was occupied by Thailand, with a 26% share of total exports.
In 2020, the average polyethylene glycol and polyether export price amounted to $1,693 per ton, reducing by -53.8% against the previous year.
The average polyethylene glycol and polyether import price stood at $2,116 per ton in 2020, growing by 17% against the previous year.

This report provides an in-depth analysis of the market for polyethylene glycol and polyether 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 20164015 - Polyethylene glycols and other polyether alcohols, in primary forms
  • Prodcom 20164020 - Polyethers, in primary forms (excluding polyacetals, polyether alcohols)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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