Philippines - Metal Office Furniture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMetal Office Furniture Price in the Philippines - 2023
Contents:
- Metal Office Furniture Price in the Philippines (CIF) - 2022
- Metal Office Furniture Price in the Philippines (FOB) - 2022
- Metal Office Furniture Imports in the Philippines
- Metal Office Furniture Exports in the Philippines
Metal Office Furniture Price in the Philippines (CIF) - 2022
In 2022, the average metal office furniture import price amounted to $5,257 per ton, increasing by 11% against the previous year. Over the period under review, the import price saw resilient growth. The growth pace was the most rapid in 2018 when the average import price increased by 119%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Australia ($5,257 per ton) and Japan ($5,257 per ton), while the price for Taiwan (Chinese) ($5,257 per ton) and China ($5,257 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Office Furniture Price in the Philippines (FOB) - 2022
The average metal office furniture export price stood at $7,784 per ton in 2022, reducing by -5.2% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal office furniture export price increased by +11.8% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 101% against the previous year. As a result, the export price attained the peak level of $10,318 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Micronesia ($7,786 per ton) and the United States ($7,784 per ton), while the average price for exports to France ($7,784 per ton) and Japan ($7,784 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Office Furniture Imports in the Philippines
Metal office furniture imports into the Philippines reduced markedly to 2.8K tons in 2022, waning by -59.4% against the year before. In general, imports faced a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 32% against the previous year. As a result, imports reached the peak of 6.8K tons, and then fell remarkably in the following year.
In value terms, metal office furniture imports reduced remarkably to $14M in 2022. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. As a result, imports attained the peak of $32M, and then reduced sharply in the following year.
Import of Metal Office Furniture in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 18.4 | 19.3 | 17.7 | 10.0 | -18.4% |
Malaysia | 3.2 | 1.2 | 8.3 | 1.5 | -22.3% |
Taiwan (Chinese) | 0.8 | 0.3 | 0.9 | 1.0 | 7.7% |
Hong Kong SAR | 0.1 | 0.3 | 0.8 | 0.5 | 71.0% |
Japan | 0.4 | 0.2 | 0.4 | 0.3 | -9.1% |
Australia | 0.9 | 0.1 | N/A | 0.2 | -39.4% |
Others | 2.7 | 2.4 | 4.0 | 0.9 | -30.7% |
Total | 26.5 | 23.7 | 32.1 | 14.5 | -18.2% |
Top Suppliers of Metal Office Furniture to the Philippines in 2022:
- China (1897.6 tons)
- Malaysia (288.5 tons)
- Taiwan (Chinese) (191.9 tons)
- Hong Kong SAR (103.3 tons)
- Japan (53.5 tons)
- Australia (46.9 tons)
Metal Office Furniture Exports in the Philippines
For the third year in a row, the Philippines recorded decline in shipments abroad of metal office furniture, which decreased by -74.9% to 95 tons in 2022. In general, exports faced a sharp contraction. The smallest decline of -16.7% was in 2020.
In value terms, metal office furniture exports contracted rapidly to $737K in 2022. Over the period under review, exports continue to indicate a sharp slump. The smallest decline of -14.1% was in 2021.
Export of Metal Office Furniture in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 220 | 87.2 | 89.1 | 285 | 9.0% |
United States | 3,079 | 2,355 | 2,203 | 249 | -56.8% |
Netherlands | 9.1 | 140 | 179 | 127 | 140.8% |
Palau | 159 | N/A | N/A | 28.0 | -43.9% |
Japan | 27.2 | 47.0 | 18.8 | 21.1 | -8.1% |
Micronesia | N/A | N/A | 1.0 | 21.0 | 2000.0% |
Others | 984 | 976 | 606 | 5.8 | -81.9% |
Total | 4,478 | 3,605 | 3,097 | 737 | -45.2% |
Top Export Markets for Metal Office Furniture from the Philippines in 2022:
- France (36.6 tons)
- United States (32.0 tons)
- Netherlands (16.3 tons)
- Palau (3.6 tons)
- Micronesia (2.7 tons)
- Japan (2.7 tons)
This report provides an in-depth analysis of the metal office furniture 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 31011100 - Metal furniture for offices
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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