Report Update Nov 1, 2024

Philippines - Sulphuric Acid and Oleum - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Sulphuric Acid Market 2024

Sulphuric Acid Market Size in the Philippines

The Philippine sulphuric acid market soared to $X in 2022, rising by 190% against the previous year. Overall, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Sulphuric Acid Production in the Philippines

In value terms, sulphuric acid production surged to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,114% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Sulphuric Acid Exports

Exports from the Philippines

In 2022, sulphuric acid exports from the Philippines rose remarkably to X tons, surging by 6.4% compared with 2021. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 575% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, sulphuric acid exports surged to $X in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 631% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

India (X tons), Thailand (X tons) and Malaysia (X tons) were the main destinations of sulphuric acid exports from the Philippines, together accounting for 93% of total exports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +51.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sulphuric acid exported from the Philippines were India ($X), Thailand ($X) and Malaysia ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, Malaysia, with a CAGR of +58.6%, saw the highest growth rate of 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

In 2022, the average sulphuric acid export price amounted to $X per ton, with an increase of 34% against the previous year. Over the period under review, the export price saw resilient growth. The growth pace was the most rapid in 2013 when the average export price increased by 48%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Chile ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sulphuric Acid Imports

Imports into the Philippines

In 2022, imports of sulphuric acid and oleum into the Philippines surged to X tons, picking up by 163% against the year before. Overall, imports showed a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 219% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, sulphuric acid imports soared to $X in 2022. In general, imports showed a moderate increase. The most prominent rate of growth was recorded in 2021 with an increase of 291%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Japan (X tons), Indonesia (X tons) and South Korea (X tons) were the main suppliers of sulphuric acid imports to the Philippines, together comprising 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of +144.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of sulphuric acid and oleum to the Philippines, comprising 49% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by South Korea, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to -3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+98.6% per year) and South Korea (+22.4% per year).

Import Prices by Country

In 2022, the average sulphuric acid import price amounted to $X per ton, surging by 25% against the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when the average import price increased by 33% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sulphuric acid and oleum in the world?

China remains the largest sulphuric acid consuming country worldwide, accounting for 25% of total volume. Moreover, sulphuric acid consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. Russia ranked third in terms of total consumption with a 9.3% share.

What are the largest producers of sulphuric acid and oleum in the world?

The country with the largest volume of sulphuric acid production was China, comprising approx. 27% of total volume. Moreover, sulphuric acid production in China exceeded the figures recorded by the second-largest producer, Russia, threefold. The third position in this ranking was occupied by the United States, with a 9.9% share.

What are the leading suppliers of sulphuric acid and oleum to the Philippines?

In value terms, Japan constituted the largest supplier of sulphuric acid to the Philippines, comprising 77% of total imports. The second position in the ranking was occupied by Indonesia, with a 17% share of total imports.

What are the leading importers of sulphuric acid and oleum from the Philippines?

In value terms, the largest markets for sulphuric acid exported from the Philippines were China, India and Saudi Arabia, with a combined 84% share of total exports.

What is the average export price for sulphuric acid and oleum in the Philippines?

In 2021, the average sulphuric acid export price amounted to $24 per ton, waning by -36% against the previous year.

What is the average import price for sulphuric acid and oleum in the Philippines?

In 2021, the average sulphuric acid import price amounted to $56 per ton, with an increase of 30% against the previous year.

This report provides an in-depth analysis of the sulphuric acid 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 20132434 - Sulphuric acid, oleum

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:

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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
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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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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