Market for Organo-Sulphur Compounds And Other Organo-Inorganic Compounds in the Philippines
Market Overview
The Philippine market for organo-sulphur compounds and other organo-inorganic compounds totaled $
in , with an increase of % 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). Over the period under review, consumption recorded a resilient increase. Over the period under review, the market attained the maximum level in and is expected to retain growth in the near future.
in , with an increase of % 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). Over the period under review, consumption recorded a resilient increase. Over the period under review, the market attained the maximum level in and is expected to retain growth in the near future.Consumption
In , approx. tons of organo-sulphur compounds and other organo-inorganic compounds were consumed in the Philippines; increasing by % against the previous year's figure. Overall, consumption enjoyed resilient growth. Consumption of peaked at tons in 2017; however, from 2018 to , consumption remained at a lower figure.
The revenue of the market for organo-sulphur compounds and other organo-inorganic compounds in the Philippines expanded rapidly to $ in , picking up 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 recorded a resilient increase. Over the period under review, the market hit record highs in and is likely to continue growth in years to come.
, approx. tons of organo-sulphur compounds and other organo-inorganic compounds were consumed in the Philippines; increasing by % against the previous year's figure. Overall, consumption enjoyed resilient growth. Consumption of peaked at tons in 2017; however, from 2018 to , consumption remained at a lower figure.The revenue of the market for organo-sulphur compounds and other organo-inorganic compounds in the Philippines expanded rapidly to $
in , picking up 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 recorded a resilient increase. Over the period under review, the market hit record highs in and is likely to continue growth in years to come.Market Forecast
Driven by increasing demand for organo-sulphur compounds and other organo-inorganic 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
Organo-sulphur compounds and other organo-inorganic compounds 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 organo-sulphur compounds and other organo-inorganic compounds; 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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