Ether Market in the Philippines
Market Overview
In 
, the Philippine ether market increased by % to $, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level in and is expected to retain growth in the immediate term.
, the Philippine ether market increased by % to $, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a remarkable increase. Over the period under review, the market reached the peak level in and is expected to retain growth in the immediate term.Consumption
In , the amount of ethers consumed in the Philippines shrank modestly to tons, waning by -% on the previous year. In general, consumption, however, saw prominent growth. Ether consumption peaked at tons in , and then reduced slightly in the following year.
The value of the ether market in the Philippines surged to $ in , growing 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). Overall, consumption, however, saw prominent growth. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.
, the amount of ethers consumed in the Philippines shrank modestly to tons, waning by -% on the previous year. In general, consumption, however, saw prominent growth. Ether consumption peaked at tons in , and then reduced slightly in the following year.The value of the ether market in the Philippines surged to $
in , growing 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). Overall, consumption, however, saw prominent growth. Over the period under review, the market reached the maximum level in and is expected to retain growth in the immediate term.Market Forecast
Driven by increasing demand for ethers in the Philippines, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to tons by the end of .In value terms, the market is forecast to increase 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
Ether 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 ether; 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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