Philippines - Prepared Rubber Accelerators - Market Analysis, Forecast, Size, Trends and Insights
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Prepared Rubber Accelerators Market Size in the Philippines
In 2021, the Philippine prepared rubber accelerators market decreased by -10.4% to $X, falling for the third year in a row after four years of growth. In general, consumption showed strong growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.
Prepared Rubber Accelerators Exports
Exports from the Philippines
In 2021, overseas shipments of prepared rubber accelerators were finally on the rise to reach X kg after two years of decline. Overall, exports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 740% against the previous year. As a result, the exports attained the peak of X kg. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.
In value terms, prepared rubber accelerators exports skyrocketed to $X in 2021. In general, exports showed a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,187% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.
Exports by Country
Thailand (X kg) was the main destination for prepared rubber accelerators exports from the Philippines, with a 84% share of total exports. Moreover, prepared rubber accelerators exports to Thailand exceeded the volume sent to the second major destination, Indonesia (X kg), sevenfold.
From 2012 to 2021, the average annual growth rate of volume to Thailand amounted to +71.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+18.2% per year) and Palau (+22.0% per year).
In value terms, Thailand ($X) remains the key foreign market for prepared rubber accelerators exports from the Philippines, comprising 94% of total exports. The second position in the ranking was held by Indonesia ($X), with a 5.8% share of total exports.
From 2012 to 2021, the average annual rate of growth in terms of value to Thailand totaled +119.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+34.6% per year) and Palau (+39.5% per year).
Export Prices by Country
The average prepared rubber accelerators export price stood at $X per ton in 2021, growing by 72% against the previous year. In general, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 75% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Palau ($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 Thailand (+33.5%), while the prices for the other major destinations experienced more modest paces of growth.
Prepared Rubber Accelerators Imports
Imports into the Philippines
In 2021, supplies from abroad of prepared rubber accelerators was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 68%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.
In value terms, prepared rubber accelerators imports dropped markedly to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 70%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) constituted the largest supplier of prepared rubber accelerators to the Philippines, with a 60% share of total imports. Moreover, prepared rubber accelerators imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was taken by Japan (X tons), with an 8.9% share.
From 2012 to 2021, the average annual growth rate of volume from China totaled +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.8% per year) and Japan (+6.4% per year).
In value terms, the largest prepared rubber accelerators suppliers to the Philippines were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 85% share of total imports. Malaysia, Singapore and South Korea lagged somewhat behind, together accounting for a further 11%.
Among the main suppliers, Singapore, with a CAGR of +41.9%, 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 prepared rubber accelerators import price amounted to $X per ton, declining by -26% against the previous year. Overall, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average import price increased by 28%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then dropped markedly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for 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 Japan (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the prepared rubber accelerators 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 20595630 - Prepared rubber accelerators
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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