The 2011 Import and Export
Market for Mixtures of
Odoriferous Substances with
One or More Odoriferous
Substances As Industrial Raw
Materials in Philippines
By
Professor Philip M. Parker, Ph. D.
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Chaired Professor of Management Science
INSEAD (Singapore & Fontainebleau, France)
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About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.
Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.
About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.
Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.
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Contents vi
Table of Contents
1 INTRODUCTION AND METHODOLOGY 8
2 PHILIPPINES AND THE WORLD MARKET 10
2.1 Imports in Philippines in 2011 10
2.2 Exports from Philippines in 2011 11
3 IMPORTS IN PHILIPPINES 12
3.1 Africa 12
3.1.1 Egypt 12
3.1.2 South Africa 13
3.2 Asia 14
3.2.1 China 14
3.2.2 Hong Kong 15
3.2.3 India 16
3.2.4 Indonesia 17
3.2.5 Japan 18
3.2.6 Malaysia 19
3.2.7 Singapore 20
3.2.8 South Korea 21
3.2.9 Taiwan 21
3.2.10 Thailand 22
3.2.11 Vietnam 22
3.3 Europe 23
3.3.1 Belgium 23
3.3.2 Germany 24
3.3.3 Norway 25
3.3.4 Spain 26
3.3.5 the Netherlands 27
3.3.6 the United Kingdom 28
3.4 Latin America 29
3.4.1 Brazil 29
3.4.2 Mexico 30
3.4.3 Uruguay 31
3.5 North America & the Caribbean 32
3.5.1 Canada 32
3.5.2 the United States 33
3.6 Oceana 34
3.6.1 Australia 34
3.7 the Middle East 35
3.7.1 Israel 35
4 EXPORTS FROM PHILIPPINES 36
4.1 Asia 36
4.1.1 China 36
4.1.2 Hong Kong 37
4.1.3 Indonesia 38
4.1.4 Japan 39
4.1.5 Malaysia 40
4.1.6 Thailand 41
4.2 Europe 42
4.2.1 Spain 42
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Contents vii
5 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 43
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Mixtures of Odoriferous Substances with One or More Odoriferous Substances As Industrial Raw Materials
in Philippines 8
1 INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on mixtures of odoriferous
substances with one or more odoriferous substances as industrial raw materials in Philippines face
a number of questions. Which countries are supplying mixtures of odoriferous substances with
one or more odoriferous substances as industrial raw materials to Philippines? How important is
Philippines compared to others in terms of the entire global and regional market? How much do
the imports of mixtures of odoriferous substances with one or more odoriferous substances as
industrial raw materials vary from one country of origin to another in Philippines? On the supply
side, Philippines also exports mixtures of odoriferous substances with one or more odoriferous
substances as industrial raw materials. Which countries receive the most exports from
Philippines? How are these exports concentrated across buyers? What is the value of these
exports and which countries are the largest buyers?
This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for mixtures of odoriferous
substances with one or more odoriferous substances as industrial raw materials in Philippines.
With the globalization of this market, managers can no longer be contented with a local view.
Nor can managers be contented with out-of-date statistics which appear several years after the
fact. I have developed a methodology, based on macroeconomic and trade models, to estimate
the market for mixtures of odoriferous substances with one or more odoriferous substances as
industrial raw materials for those countries serving Philippines via exports, or supplying from
Philippines via imports. It does so for the current year based on a variety of key historical
indicators and econometric models.
In what follows, Chapter 2 begins by summarizing where Philippines fits into the world market
for imported and exported mixtures of odoriferous substances with one or more odoriferous
substances as industrial raw materials. The total level of imports and exports on a worldwide
basis, and those for Philippines in particular, is estimated using a model which aggregates across
over 150 key country markets and projects these to the current year. From there, each country
represents a percent of the world market. This market is served from a number of competitive
countries of origin. Based on both demand- and supply-side dynamics, market shares by country
of origin are then calculated across each country market destination. These shares lead to a
volume of import and export values for each country and are aggregated to regional and world
totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each
market and the share that Philippines is likely to receive this year. From these figures, rankings
are calculated to allow managers to prioritize Philippines compared to other major country
markets. In this way, all the figures provided in this report are forecasts that can be combined
with internal information sources for strategic planning purposes.
After the worldwide summary in Chapter 2 of both imports and exports of mixtures of
odoriferous substances with one or more odoriferous substances as industrial raw materials,
Chapter 3 goes into detail on imports, but for each major country of origin serving Philippines. A
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Mixtures of Odoriferous Substances with One or More Odoriferous Substances As Industrial Raw Materials
in Philippines 9
“major” market is defined as a country where Philippines represents a substantially large share of
either imports or exports. For each major country exporting to Philippines, one can thus observe
how important Philippines is to that exporting country compared to other countries of the world.
Chapter 4 does the same, but for exports of mixtures of odoriferous substances with one or more
odoriferous substances as industrial raw materials originating from Philippines, for each major
country of destination. In doing so, one can discover the share that Philippines has in each major
market; this share value is often used as a measure of competitiveness for Philippines. In all
cases, the total dollar volume and percentage share values by major trading partner are provided.
Combined, Chapters 3 and 4 present a the total picture for imports and exports of mixtures of
odoriferous substances with one or more odoriferous substances as industrial raw materials to and
from Philippines to and from all other major countries in the world. "Mixtures of Odoriferous
Substances with One or More Odoriferous Substances As Industrial Raw Materials" as a category
is defined in this report following the definition given by the United Nations Statistics Division
Classification Registry using the Standard International Trade Classification, Revision 3 (SITC,
Rev. 3). The SITC code that defined "mixtures of odoriferous substances with one or more
odoriferous substances as industrial raw materials" is 5514 . For more information on this
definition, please refer to the following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=551 .
This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.
Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.
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Mixtures of Odoriferous Substances with One or More Odoriferous Substances As Industrial Raw Materials
in Philippines 10
2 PHILIPPINES AND THE WORLD MARKET
2.1 IMPORTS IN PHILIPPINES IN 2011
Imported Mixtures of Odoriferous Substances with One or More Odoriferous
Substances As Industrial Raw Materials in Philippines, 2011
(Structure of Foreign Import Competition)
Country of Origin Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
Singapore 1 48,833 35.33 35.33
the United States 2 26,694 19.31 54.64
Germany 3 17,424 12.61 67.25
the United Kingdom 4 7,658 5.54 72.79
Indonesia 5 7,388 5.34 78.13
the Netherlands 6 6,654 4.81 82.95
Australia 7 3,805 2.75 85.70
Japan 8 3,541 2.56 88.26
France 9 2,908 2.10 90.36
Switzerland 10 2,645 1.91 92.28
China 11 2,042 1.48 93.76
Spain 12 1,936 1.40 95.16
Malaysia 13 1,141 0.83 95.98
Hong Kong 14 999 0.72 96.70
Canada 15 883 0.64 97.34
Belgium 16 765 0.55 97.90
Ireland 17 457 0.33 98.23
India 18 445 0.32 98.55
Thailand 19 440 0.32 98.87
Mexico 20 316 0.23 99.10
Brazil 21 271 0.20 99.29
Uruguay 22 185 0.13 99.43
Taiwan 23 183 0.13 99.56
Egypt 24 149 0.11 99.67
South Africa 25 122 0.09 99.75
South Korea 26 83 0.06 99.81
Vietnam 27 82 0.06 99.87
Italy 28 75 0.05 99.93
Norway 29 46 0.03 99.96
Denmark 30 42 0.03 99.99
Other 31 11 0.01 100.00
Total 138,223 100.00 100.00
_________________________________________________________________________________________________________
Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com
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Mixtures of Odoriferous Substances with One or More Odoriferous Substances As Industrial Raw Materials
in Philippines 11
2.2 EXPORTS FROM PHILIPPINES IN 2011
Mixtures of Odoriferous Substances with One or More Odoriferous Substances As
Industrial Raw Materials Exports from Philippines, 2011
Country of Destination Rank Value (000 US$) % Share Cumulative %
_________________________________________________________________________________________________________
Malaysia 1 727 53.38 53.38
Thailand 2 205 15.05 68.43
Japan 3 127 9.32 77.75
Spain 4 77 5.65