Philippines - Fluoropolymers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFluoropolymers Price in the Philippines - 2023
Contents:
- Fluoropolymers Price in the Philippines (CIF) - 2022
- Fluoropolymers Price in the Philippines (FOB) - 2023
- Fluoropolymers Imports in the Philippines
- Fluoropolymers Exports in the Philippines
Fluoropolymers Price in the Philippines (CIF) - 2022
In 2022, the average fluoropolymers import price amounted to $23,939 per ton, which is down by -11% against the previous year. Overall, the import price, however, enjoyed strong growth. The growth pace was the most rapid in 2018 when the average import price increased by 542%. The import price peaked at $30,734 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($42,286 per ton), while the price for China ($11,711 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Fluoropolymers Price in the Philippines (FOB) - 2023
In March 2023, the average fluoropolymers export price amounted to $36,354 per ton, almost unchanged from the previous month. Over the period under review, the export price enjoyed a significant increase. Over the period under review, the average export prices reached the maximum in March 2023.
As there is only one major export destination, the average price level is determined by prices for the United States.
From November 2022 to March 2023, the rate of growth in terms of prices for the United States amounted to +84.1% per month.
Fluoropolymers Imports in the Philippines
For the fourth consecutive year, the Philippines recorded growth in overseas purchases of fluoropolymers, which increased by 19% to 225 tons in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 166% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, fluoropolymers imports amounted to $5.4M in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 140%. Imports peaked in 2022 and are likely to see steady growth in the near future.
Import of Fluoropolymers in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 202 | 419 | 3,493 | 3,259 | 152.7% |
China | 541 | 288 | 456 | 1,473 | 39.6% |
United States | 141 | 1,420 | 785 | 324 | 32.0% |
Singapore | 0.1 | N/A | 0.5 | 306 | 1351.8% |
Others | 28.6 | 63.0 | 362 | 16.7 | -16.4% |
Total | 912 | 2,190 | 5,097 | 5,379 | 80.7% |
Top Suppliers of Fluoropolymers to the Philippines in 2022:
- China (125.8 tons)
- Japan (77.1 tons)
- Singapore (11.1 tons)
- United States (10.3 tons)
Fluoropolymers Exports in the Philippines
After two years of growth, overseas shipments of fluoropolymers decreased by -48.5% to 897 kg in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,211%. As a result, the exports attained the peak of 1.7 tons, and then dropped rapidly in the following year.
In value terms, fluoropolymers exports reduced dramatically to $14K in 2022. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 2,051%. As a result, the exports reached the peak of $58K, and then declined markedly in the following year.
Export of Fluoropolymers in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
Mexico | N/A | N/A | 12.8 | 0% | |
United States | N/A | N/A | 1.0 | 0% | |
Australia | N/A | N/A | 0.5 | 0% | |
Hong Kong SAR | 1.5 | N/A | N/A | 0% | |
Netherlands | N/A | 17.3 | N/A | 0% | |
Singapore | 1.1 | 23.0 | N/A | 1990.9% | |
Others | N/A | 17.3 | N/A | 0% | |
Total | 2.7 | 57.6 | 14.3 | 130.1% |
Top Export Markets for Fluoropolymers from the Philippines in 2022:
- Mexico (463.0 kg)
- United States (303.0 kg)
- Australia (131.0 kg)
This report provides an in-depth analysis of the fluoropolymers 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 20163060 - Fluoropolymers
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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