Price for Monophenols; Cresols and Their Salts in the Philippines - 2023
Contents:
- Price for Monophenols; Cresols and Their Salts in the Philippines (CIF) - 2022
- Imports of Monophenols; Cresols and Their Salts in the Philippines
Price for Monophenols; Cresols and Their Salts in the Philippines (CIF) - 2022
The average import price for monophenols; cresols and their saltses stood at $6,199 per ton in 2022, reducing by -12.7% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 26%. Over the period under review, average import prices reached the peak figure at $7,102 per ton in 2021, and then dropped in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($17,397 per ton), while the price for Italy totaled $4,398 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+12.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Monophenols; Cresols and Their Salts in the Philippines
In 2022, approx. 422 kg of monophenols; cresols and their saltses were imported into the Philippines; reducing by -34% on 2021 figures. Over the period under review, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 520% against the previous year.
In value terms, monophenols; cresols and their salts imports fell significantly to $2.6K in 2022. Overall, imports recorded a significant decrease. The growth pace was the most rapid in 2021 with an increase of 556%.
| Import of Monophenols; Cresols and Their Salts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 6.6 | 0.4 | 2.4 | 1.7 | -36.4% |
| Germany | 2.4 | N/A | 0.9 | 0.6 | -37.0% |
| Others | 0.1 | 0.2 | 1.2 | 0.3 | 44.2% |
| Total | 9.1 | 0.7 | 4.5 | 2.6 | -34.1% |
Top Suppliers of Monophenols; Cresols and Their Salts to the Philippines in 2022:
- Italy (377.0 kg)
- Germany (37.0 kg)
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