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Philippines - Extruded Rods And Profile Shapes Of Cellular Vulcanised Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExtruded Rod Price in the Philippines - 2023
Contents:
- Extruded Rod Price in the Philippines (FOB) - 2023
- Extruded Rod Price in the Philippines (CIF) - 2022
- Extruded Rod Exports in the Philippines
- Extruded Rod Imports in the Philippines
Extruded Rod Price in the Philippines (FOB) - 2023
In June 2023, the average extruded rod export price amounted to $1,707 per ton, shrinking by -14.5% against the previous month. Over the period under review, the export price continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in December 2022 an increase of 16% m-o-m. The export price peaked at $2,130 per ton in February 2023; however, from March 2023 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to -1.5% per month.
Extruded Rod Price in the Philippines (CIF) - 2022
The average extruded rod import price stood at $2,458 per ton in 2022, falling by -8.5% against the previous year. Overall, the import price, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2014 an increase of 82%. The import price peaked at $4,313 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($4,333 per ton), while the price for China ($608 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Extruded Rod Exports in the Philippines
After three years of growth, shipments abroad of extruded rods and profile shapes of cellular vulcanised rubber decreased by -0.4% to 7.2K tons in 2022. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 12%.
In value terms, extruded rod exports expanded modestly to $17M in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 4.7% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
Export of Extruded Rod in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 15.5 | 15.8 | 16.6 | 17.1 | 3.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 15.5 | 15.9 | 16.6 | 17.1 | 3.3% |
Top Export Markets for Extruded Rod from the Philippines in 2022:
- Japan (7.2K tons)
Extruded Rod Imports in the Philippines
Extruded rod imports into the Philippines reduced remarkably to 370 tons in 2022, which is down by -54.9% against 2021 figures. Over the period under review, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 31%.
In value terms, extruded rod imports dropped sharply to $909K in 2022. Overall, imports faced a significant curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 29%.
Import of Extruded Rod in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2,050 | 874 | 850 | 394 | -42.3% |
Malaysia | 431 | 96.8 | 633 | 202 | -22.3% |
Taiwan (Chinese) | 455 | 340 | 2.3 | 83.4 | -43.2% |
China | 249 | 129 | 246 | 78.4 | -32.0% |
Singapore | 117 | 98.7 | 224 | 71.3 | -15.2% |
South Korea | 125 | 97.6 | 178 | 56.7 | -23.2% |
Thailand | 9.9 | 45.5 | 13.6 | 7.2 | -10.1% |
Others | 85.6 | 24.5 | 55.7 | 16.1 | -42.7% |
Total | 3,523 | 1,706 | 2,202 | 909 | -36.3% |
Top Suppliers of Extruded Rod to the Philippines in 2022:
- China (129.1 tons)
- Japan (110.9 tons)
- Malaysia (60.1 tons)
- Taiwan (Chinese) (24.6 tons)
- South Korea (20.8 tons)
- Singapore (16.4 tons)
- Thailand (5.9 tons)
This report provides an in-depth analysis of the extruded rod market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22192083 - Extruded rods and profile shapes of cellular vulcanised rubber
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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