Philippines: Market for Prepared Additives For Cements, Mortars Or Concretes 2025

Market Size for Prepared Additives For Cements, Mortars Or Concretes in the Philippines

In 2022, the Philippine prepared additives for cements market increased by 0.9% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a buoyant increase. Prepared additives for cements consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from the Philippines

In 2022, exports of prepared additives for cements, mortars or concretes from the Philippines soared to X tons, picking up by 580% against the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 681%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, prepared additives for cements exports skyrocketed to $X in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam (X tons) was the main destination for prepared additives for cements exports from the Philippines, with a approx. 99% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam totaled +54.7%.

In value terms, Vietnam ($X) also remains the key foreign market for prepared additives for cements, mortars or concretes exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam stood at +72.7%.

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, jumping by 15% against the previous year. In general, the export price showed a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 164%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +11.7% per year.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into the Philippines

In 2022, overseas purchases of prepared additives for cements, mortars or concretes increased by 8.5% to X tons, rising for the second consecutive year after two years of decline. Overall, imports saw a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 90%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, prepared additives for cements imports dropped slightly to $X in 2022. Over the period under review, imports showed a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest prepared additives for cements supplier to the Philippines, with a 60% share of total imports. Moreover, prepared additives for cements imports from Japan exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan stood at +74.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+7.7% per year) and China (+6.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of prepared additives for cements, mortars or concretes to the Philippines, comprising 56% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.0% per year) and Japan (+31.4% per year).

Import Prices by Country

The average prepared additives for cements import price stood at $X per ton in 2022, shrinking by -8.8% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 29%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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