Philippines: Market for Scouring Pastes And Powders 2024

Market Size for Scouring Pastes And Powders in the Philippines

The Philippine scouring pastes and powders market contracted rapidly to $X in 2021, with a decrease of -28.4% 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, however, showed buoyant growth. Scouring pastes and powders consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Scouring Pastes And Powders

Exports from the Philippines

In 2021, scouring pastes and powders exports from the Philippines declined significantly to X kg, reducing by -69.2% on 2020 figures. Overall, exports faced a dramatic descent. The pace of growth was the most pronounced in 2018 when exports increased by 307%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, scouring pastes and powders exports dropped sharply to $X in 2021. In general, exports saw a precipitous descent. The pace of growth was the most pronounced in 2018 when exports increased by 32%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Papua New Guinea (X kg), Singapore (X kg) and Brunei Darussalam (X kg) were the main destinations of scouring pastes and powders exports from the Philippines, with a combined 75% 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 Papua New Guinea (with a CAGR of +32.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for scouring pastes and powders exported from the Philippines were Palau ($X), Singapore ($X) and Japan ($X), with a combined 51% share of total exports. These countries were followed by Papua New Guinea, Brunei Darussalam, Lebanon and Thailand, which together accounted for a further 15%.

Among the main countries of destination, Papua New Guinea, with a CAGR of +23.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average scouring pastes and powders export price stood at $X per ton in 2021, with a decrease of -36.2% against the previous year. Overall, the export price recorded a slight shrinkage. The growth pace was the most rapid in 2017 when the average export price increased by 198%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($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 Palau (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Scouring Pastes And Powders

Imports into the Philippines

In 2021, imports of scouring pastes and powders into the Philippines dropped remarkably to X tons, declining by -32.1% on the previous year. In general, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 373%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, scouring pastes and powders imports fell dramatically to $X in 2021. Overall, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 437%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X tons), the United States (X tons) and Malaysia (X tons) were the main suppliers of scouring pastes and powders imports to the Philippines, with a combined 55% share of total imports. These countries were followed by China, South Korea, Hungary, Australia, Japan and Taiwan (Chinese), which together accounted for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +101.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Japan ($X) and the United States ($X) appeared to be the largest scouring pastes and powders suppliers to the Philippines, together accounting for 71% of total imports.

Among the main suppliers, Singapore, with a CAGR of +72.1%, saw the highest growth rate of 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 scouring pastes and powders import price amounted to $X per ton, increasing by 12% against the previous year. Over the period under review, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2013 an increase of 114%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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