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Philippines - Baths Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Bath Price in the Philippines - 2023
Contents:
- Metal Bath Price in the Philippines (CIF) - 2023
- Metal Bath Price in the Philippines (FOB) - 2022
- Metal Bath Imports in the Philippines
- Metal Bath Exports in the Philippines
Metal Bath Price in the Philippines (CIF) - 2023
The average metal bath import price stood at $172 per unit in May 2023, falling by -31.5% against the previous month. Overall, the import price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in September 2022 an increase of 152% m-o-m. The import price peaked at $1,409 per unit in October 2022; however, from November 2022 to May 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the country with the highest price was China ($134 per unit), while the price for the United States ($102 per unit) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Bath Price in the Philippines (FOB) - 2022
In 2021, the average metal bath export price amounted to $2.3 per unit, approximately reflecting the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 7.9% against the previous year. Over the period under review, the average export prices hit record highs at $2.6 per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($24 per unit), while the average price for exports to Kuwait ($1.6 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Palau (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Bath Imports in the Philippines
In 2022, the amount of baths of iron or steel imported into the Philippines surged to 292K units, rising by 61% on the year before. Overall, imports, however, showed a abrupt descent. Over the period under review, imports hit record highs at 472K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, metal bath imports surged to $1.1M in 2022. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports attained the peak figure at $1.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Import of Metal Bath in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
China | 913 | 254 | 419 | -32.3% | |
United States | 8.5 | 16.0 | 78.8 | 204.5% | |
Germany | 24.4 | 16.0 | 31.6 | 13.8% | |
Singapore | 31.2 | 3.7 | 19.6 | -20.7% | |
France | N/A | N/A | 14.8 | 0% | |
South Korea | 140 | 27.5 | 14.7 | -67.6% | |
Sweden | 39.0 | N/A | N/A | 0% | |
Italy | 40.7 | 7.7 | N/A | -81.1% | |
Others | 109 | 36.5 | 33.9 | -44.2% | |
Total | 1,306 | 361 | 613 | -31.5% |
Top Suppliers of Metal Bath to the Philippines in 2022:
- China (125.3K units)
- United States (22.3K units)
- Germany (9.0K units)
- Singapore (5.9K units)
- France (4.9K units)
- South Korea (4.2K units)
Metal Bath Exports in the Philippines
In 2022, shipments abroad of baths of iron or steel decreased by -8.2% to 47K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +8.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, the exports reached the peak of 51K units, and then fell in the following year.
In value terms, metal bath exports fell to $108K in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. As a result, the exports reached the peak of $118K, and then reduced in the following year.
Export of Metal Bath in the Philippines (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
South Korea | 102 | 10.0 | 101 | -0.5% | |
Japan | 28.0 | 50.0 | 24.0 | -7.4% | |
Palau | 17.0 | 37.0 | 21.0 | 11.1% | |
Bahrain | 12.0 | 25.0 | 14.0 | 8.0% | |
Kuwait | 21.0 | 32.0 | 13.0 | -21.3% | |
Canada | 6.0 | 9.0 | 3.0 | -29.3% | |
Others | 85,377 | 98,730 | 117,794 | 17.5% | |
Total | 85,563 | 98,893 | 117,970 | 17.4% |
Top Export Markets for Metal Bath from the Philippines in 2022:
- Bahrain (undefinedK units)
- Canada (undefinedK units)
- Palau (undefinedK units)
- Kuwait (undefinedK units)
- Japan (undefinedK units)
- South Korea (undefinedK units)
This report provides an in-depth analysis of the metal bath 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 25991127 - Baths of iron or steel
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
-
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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This report provides an in-depth analysis of the metal bath market in the Philippines.
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