Report Update Nov 1, 2024

Philippines - Toluene - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Toluene Market 2024

Toluene Market Size in the Philippines

In 2021, the Philippine toluene market increased by 1.9% to $X, rising for the second consecutive year after four years of decline. In general, consumption saw a noticeable downturn. Toluene consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Toluene Production in the Philippines

In value terms, toluene production stood at $X in 2021 estimated in export price. Overall, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by 27%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Toluene Exports

Exports from the Philippines

In 2021, the amount of toluene exported from the Philippines surged to X tons, increasing by 20% on the year before. Over the period under review, exports, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 194% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, toluene exports surged to $X in 2021. In general, exports, however, showed a abrupt slump. The growth pace was the most rapid in 2017 with an increase of 229%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for toluene exports from the Philippines, accounting for a 74% share of total exports. Moreover, toluene exports to South Korea exceeded the volume sent to the second major destination, Singapore (X tons), threefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea totaled +10.1%.

In value terms, South Korea ($X) emerged as the key foreign market for toluene exports from the Philippines, comprising 72% of total exports. The second position in the ranking was held by Singapore ($X), with a 28% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +11.7%.

Export Prices by Country

The average toluene export price stood at $X per ton in 2021, rising by 29% against the previous year. Overall, the export price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 40% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.

Toluene Imports

Imports into the Philippines

In 2021, approx. X tons of toluene were imported into the Philippines; with an increase of 169% compared with the previous year. Over the period under review, imports enjoyed a modest increase. The pace of growth was the most pronounced in 2019 when imports increased by 612%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, toluene imports surged to $X in 2021. In general, imports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2019 with an increase of 368%. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of toluene imports to the Philippines, together accounting for 79% of total imports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest toluene suppliers to the Philippines were Saudi Arabia ($X), South Korea ($X) and Taiwan (Chinese) ($X), with a combined 82% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +22.3%, saw 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 toluene import price amounted to $X per ton, which is down by -21.5% against the previous year. Overall, the import price recorded a perceptible shrinkage. The growth pace was the most rapid in 2018 an increase of 36%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, 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 South Korea ($X per ton), while the price for Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (-1.2%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 48% of global consumption. Japan, Taiwan Chinese), Brazil, Germany, Russia, the UK, Italy, South Korea, Iran and Spain lagged somewhat behind, together comprising a further 29%.

What are the largest producers of toluene in the world?

The countries with the highest volumes of in 2021 were China, the United States and Japan, with a combined 44% share of global production. India, Germany, Brazil, Taiwan Chinese), Thailand, Russia, the UK, Italy, Singapore and Spain lagged somewhat behind, together comprising a further 33%.

What are the leading suppliers of toluene to the Philippines?

In value terms, the largest toluene suppliers to the Philippines were Saudi Arabia, South Korea and Singapore, with a combined 76% share of total imports.

What are the leading importers of toluene from the Philippines?

In value terms, India, China and South Korea constituted the largest markets for toluene exported from the Philippines worldwide, together accounting for 75% of total exports.

What is the average export price for toluene in the Philippines?

In 2021, the average toluene export price amounted to $567 per ton, shrinking by -2% against the previous year.

What is the average import price for toluene in the Philippines?

The average toluene import price stood at $515 per ton in 2021, reducing by -38.2% against the previous year.

This report provides an in-depth analysis of the toluene 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 20141225 - Toluene

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.

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