Philippines: Sulphides Of Non-Metals Market 2024

Sulphides Of Non-Metals Market Size in the Philippines

The Philippine sulphides of non-metals market contracted to $X in 2021, dropping by -10.9% against the previous year. In general, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +7.4% against 2016 indices. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Sulphides Of Non-Metals Production in the Philippines

In value terms, sulphides of non-metals production dropped to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +8.2% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 35% against the previous year. As a result, production attained the peak level of $X, and then dropped in the following year.

Sulphides Of Non-Metals Exports

Exports from the Philippines

After two years of growth, shipments abroad of sulphides of non-metals and commercial phosphorus trisulphide decreased by -86.5% to X kg in 2019. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 189% against the previous year. As a result, the exports attained the peak of X kg, and then shrank rapidly in the following year.

In value terms, sulphides of non-metals exports contracted dramatically to $X in 2019. Overall, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 320%. As a result, the exports attained the peak of $X, and then shrank markedly in the following year.

Exports by Country

The United States (X kg) was the main destination for sulphides of non-metals exports from the Philippines, with a approx. 100% share of total exports.

From 2017 to 2019, the average annual growth rate of volume to the United States amounted to -37.6%.

In value terms, the United States ($X) also remains the key foreign market for sulphides of non-metals and commercial phosphorus trisulphide exports from the Philippines.

From 2017 to 2019, the average annual growth rate of value to the United States totaled -14.0%.

Export Prices by Country

In 2019, the average sulphides of non-metals export price amounted to $X per ton, growing by 31% against the previous year. Overall, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the peak figure in 2019 and is likely to continue growth in the immediate term.

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

From 2017 to 2019, the rate of growth in terms of prices for the United States amounted to +37.9% per year.

Sulphides Of Non-Metals Imports

Imports into the Philippines

In 2021, approx. X tons of sulphides of non-metals and commercial phosphorus trisulphide were imported into the Philippines; picking up by 47% on 2020. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 5,345% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, sulphides of non-metals imports soared to $X in 2021. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 5,089% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X kg), Japan (X kg) and Singapore (X kg) were the main suppliers of sulphides of non-metals imports to the Philippines, with a combined 94% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +87.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of sulphides of non-metals and commercial phosphorus trisulphide to the Philippines, comprising 62% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to +81.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+68.6% per year) and Taiwan (Chinese) (0.0% per year).

Import Prices by Country

In 2021, the average sulphides of non-metals import price amounted to $X per ton, with a decrease of -11.6% against the previous year. In general, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 117%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for Germany ($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 (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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