Price for Brass Tubes and Pipes in the Philippines - 2023
Contents:
- Price for Brass Tubes and Pipes in the Philippines (CIF) - 2022
- Price for Brass Tubes and Pipes in the Philippines (FOB) - 2022
- Imports of Brass Tubes and Pipes in the Philippines
- Exports of Brass Tubes and Pipes in the Philippines
Price for Brass Tubes and Pipes in the Philippines (CIF) - 2022
The average brass tubes and pipes import price stood at $7,660 per ton in 2022, rising by 2.1% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, brass tubes and pipes import price decreased by -12.5% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 88% against the previous year. As a result, import price reached the peak level of $8,754 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($24,007 per ton), while the price for China ($4,436 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+78.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Brass Tubes and Pipes in the Philippines (FOB) - 2022
The average brass tubes and pipes export price stood at $90,657 per ton in 2022, which is down by -8.5% against the previous year. Over the period under review, the export price, however, showed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 5,010% against the previous year. As a result, the export price attained the peak level of $1,328,667 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +6.0% per year.
Imports of Brass Tubes and Pipes in the Philippines
In 2022, approx. 308 tons of tubes and pipes of copper-zinc base alloys (brass) were imported into the Philippines; jumping by 36% compared with the year before. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, brass tubes and pipes imports soared to $2.4M in 2022. In general, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Brass Tubes and Pipes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,238 | 1,120 | 1,099 | 1,063 | -5.0% |
| Germany | 321 | 182 | 283 | 848 | 38.2% |
| South Korea | 231 | 145 | 8.3 | 204 | -4.1% |
| Japan | 349 | 156 | 253 | 186 | -18.9% |
| Taiwan (Chinese) | 20.1 | 18.4 | 10.1 | 20.5 | 0.7% |
| Hong Kong SAR | 97.3 | 76.1 | 0.6 | N/A | -92.1% |
| Others | 90.9 | 29.7 | 43.9 | 39.3 | -24.4% |
| Total | 2,347 | 1,727 | 1,697 | 2,361 | 0.2% |
Top Suppliers of Brass Tubes and Pipes to the Philippines in 2022:
- China (239.7 tons)
- Germany (43.5 tons)
- Japan (12.1 tons)
- South Korea (8.5 tons)
- Taiwan (Chinese) (3.1 tons)
Exports of Brass Tubes and Pipes in the Philippines
In 2022, approx. 2.3 tons of tubes and pipes of copper-zinc base alloys (brass) were exported from the Philippines; rising by 31% compared with the year before. In general, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 103%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, brass tubes and pipes exports soared to $210K in 2022. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 173%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Brass Tubes and Pipes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 48.5 | 59.7 | 174 | 210 | 63.0% |
| Papua New Guinea | 1.6 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 4.7 | 1.1 | 0.1 | -50.0% |
| Total | 50.9 | 64.4 | 176 | 210 | 60.4% |
Top Export Markets for Brass Tubes and Pipes from the Philippines in 2022:
- South Korea (2.3 tons)
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