Price for Halogenated derivatives of aromatic hydrocarbons; chlorobenzene, o-dichlorobenzene, and p-dichlorobenzene in the Philippines - 2023
Contents:
- Price for Halogenated Derivatives of Aromatic Hydrocarbons; Chlorobenzene, O-Dichlorobenzene, and P-Dichlorobenzene in the Philippines (CIF) - 2023
- Imports of Halogenated Derivatives of Aromatic Hydrocarbons; Chlorobenzene, O-Dichlorobenzene, and P-Dichlorobenzene in the Philippines
Price for Halogenated Derivatives of Aromatic Hydrocarbons; Chlorobenzene, O-Dichlorobenzene, and P-Dichlorobenzene in the Philippines (CIF) - 2023
In November 2023, the average import price for halogenated derivatives of aromatic hydrocarbons; chlorobenzene, o-dichlorobenzene, and p-dichlorobenzenes amounted to $1,527 per ton, with a decrease of -9.8% against the previous month. In general, the import price continues to indicate a slight decline. The most prominent rate of growth was recorded in May 2023 an increase of 18% m-o-m. The import price peaked at $1,917 per ton in July 2023; however, from August 2023 to November 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Japan ($1,674 per ton), while the price for India ($910 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-0.8%), while the prices for the other major suppliers experienced a decline.
Imports of Halogenated Derivatives of Aromatic Hydrocarbons; Chlorobenzene, O-Dichlorobenzene, and P-Dichlorobenzene in the Philippines
For the fourth year in a row, the Philippines recorded growth in purchases abroad of halogenated derivatives of aromatic hydrocarbons; chlorobenzene, o-dichlorobenzene, and p-dichlorobenzenes, which increased by 4.1% to 2.4K tons in 2022. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 19%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of halogenated derivatives of aromatic hydrocarbons; chlorobenzene, o-dichlorobenzene, and p-dichlorobenzenes soared to $4.1M in 2022. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Halogenated Derivatives of Aromatic Hydrocarbons; Chlorobenzene, O-Dichlorobenzene, and P-Dichlorobenzene in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 964 | 932 | 1,293 | 2,173 | 31.1% |
| India | 214 | 416 | 496 | 1,344 | 84.5% |
| Japan | 970 | 825 | 1,034 | 611 | -14.3% |
| Others | 3.3 | 0.3 | 0.1 | 13.4 | 59.5% |
| Total | 2,151 | 2,173 | 2,823 | 4,142 | 24.4% |
Top Suppliers of Halogenated Derivatives of Aromatic Hydrocarbons; Chlorobenzene, O-Dichlorobenzene, and P-Dichlorobenzene to the Philippines in 2022:
- China (1217.0 tons)
- India (700.0 tons)
- Japan (446.0 tons)
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