Oxygen-Function Amino-Compound Market in the Philippines
Market Overview
The Philippine oxygen-function amino-compound market was finally on the rise to reach $
in , after two years of decline. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
in , after two years of decline. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.Consumption
In , consumption of oxygen-function amino-compounds increased by % to tons, rising for the second consecutive year after two years of decline. Overall, consumption posted buoyant growth. Oxygen-function amino-compound consumption peaked in and is expected to retain growth in the near future.
The value of the oxygen-function amino-compound market in the Philippines stood at $ in , therefore, remained relatively stable 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 showed a prominent expansion. Oxygen-function amino-compound consumption peaked in and is likely to see gradual growth in years to come.
, consumption of oxygen-function amino-compounds increased by % to tons, rising for the second consecutive year after two years of decline. Overall, consumption posted buoyant growth. Oxygen-function amino-compound consumption peaked in and is expected to retain growth in the near future.The value of the oxygen-function amino-compound market in the Philippines stood at $
in , therefore, remained relatively stable 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 showed a prominent expansion. Oxygen-function amino-compound consumption peaked in and is likely to see gradual growth in years to come.Market Forecast
Driven by increasing demand for oxygen-function amino-compounds in the Philippines, the market is expected to continue an upward consumption trend over the next eight years. 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
Oxygen-function amino-compound 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 oxygen-function amino-compound; 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.
Download XLSX
Download all the data in the form of a report