Ferro-Alloys; Ferro-Nickel Price in the Philippines - 2022

Contents:

  1. Ferro-Alloys; Ferro-Nickel Price in the Philippines (CIF) - 2022
  2. Ferro-Alloys; Ferro-Nickel Imports in the Philippines

Ferro-Alloys; Ferro-Nickel Price in the Philippines (CIF) - 2022

The average ferro-alloys; ferro-nickel import price stood at $279,200 per ton in 2022, standing approx. at the previous year. In general, the import price enjoyed significant growth. The growth pace was the most rapid in 2019 an increase of 2,982%. The import price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($11,813,603 per ton), while the price for Canada ($224,068 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+134.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Ferro-Alloys; Ferro-Nickel Imports in the Philippines

In 2022, after two years of decline, there was significant decline in overseas purchases of ferro-alloys; ferro-nickels, when their volume decreased by -50% to 5 kg. Over the period under review, imports showed a precipitous setback.

In value terms, ferro-alloys; ferro-nickel imports dropped dramatically to $1.4K in 2022. Overall, imports faced a precipitous contraction.

Import of Ferro-Alloys; Ferro-Nickel in the Philippines (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Canada2,733N/A2,4521,066-26.9%
Taiwan (Chinese)767N/A300314-25.7%
Singapore50.0N/A39.016.0-31.6%
Malaysia2,030N/AN/AN/A0%
Others1.0N/AN/AN/A0%
Total5,581N/A2,7911,396-37.0%

Top Suppliers of Ferro-Alloys; Ferro-Nickel to the Philippines in 2022:

  1. Canada (5.0 kg)
  2. Taiwan (Chinese) (1.0 kg)
  3. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform

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