Roasted Iron Pyrites Market in the Philippines
Market Overview
In 
, the Philippine roasted iron pyrites market decreased by -% to $, falling for the third consecutive year after three years of growth. Overall, consumption, however, showed a abrupt decrease. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to , consumption remained at a lower figure.
, the Philippine roasted iron pyrites market decreased by -% to $, falling for the third consecutive year after three years of growth. Overall, consumption, however, showed a abrupt decrease. Over the period under review, the market attained the peak level at $ in 2010; however, from 2011 to , consumption remained at a lower figure.Consumption
In , roasted iron pyrites consumption in the Philippines shrank modestly to tons, waning by -% against the previous year. Over the period under review, consumption saw a drastic downturn. Roasted iron pyrites consumption peaked at tons in 2010; however, from 2011 to , consumption remained at a lower figure.
The revenue of the roasted iron pyrites market in the Philippines shrank to $ in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.
, roasted iron pyrites consumption in the Philippines shrank modestly to tons, waning by -% against the previous year. Over the period under review, consumption saw a drastic downturn. Roasted iron pyrites consumption peaked at tons in 2010; however, from 2011 to , consumption remained at a lower figure.The revenue of the roasted iron pyrites market in the Philippines shrank to $
in , waning by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $ in 2010; however, from 2011 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for roasted iron pyrites in the Philippines, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Roasted iron pyrites market in the Philippines consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.Trade Balance
The Philippines remains a net importer of roasted iron pyrites; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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