Metals; Silver Powder Price in the Philippines - 2023

Contents:

  1. Metals; Silver Powder Price in the Philippines (CIF) - 2022
  2. Metals; Silver Powder Price in the Philippines (FOB) - 2022
  3. Metals; Silver Powder Imports in the Philippines
  4. Metals; Silver Powder Exports in the Philippines

Metals; Silver Powder Price in the Philippines (CIF) - 2022

In 2022, the average metals; silver powder import price amounted to $18,886 per ton, falling by -42.3% against the previous year. Overall, the import price faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 52% against the previous year. The import price peaked at $120,980 per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($142,412 per ton), while the price for Singapore ($6,343 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.1%), while the prices for the other major suppliers experienced a decline.

Metals; Silver Powder Price in the Philippines (FOB) - 2022

In 2022, the average metals; silver powder export price amounted to $5,787,368 per ton, surging by 13% against the previous year. Overall, the export price saw a significant expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 72%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($8,723,113 per ton), while the average price for exports to Hong Kong SAR ($192,036 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Metals; Silver Powder Imports in the Philippines

In 2022, supplies from abroad of metals; silver powder decreased by -98.1% to 355 kg for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 729% against the previous year.

In value terms, metals; silver powder imports reduced dramatically to $6.7K in 2022. Over the period under review, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 1,157%.

Import of Metals; Silver Powder in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan9.11.64395.2-17.0%
South Korea2.667.145.00.7-35.4%
Taiwan (Chinese)1.381.81190.7-18.6%
Others0.113.910.90.10.0%
Total13.11646146.7-20.0%

Top Suppliers of Metals; Silver Powder to the Philippines in 2022:

  1. Japan (327.0 kg)
  2. South Korea (20.0 kg)
  3. Taiwan (Chinese) (5.0 kg)

Metals; Silver Powder Exports in the Philippines

For the third year in a row, the Philippines recorded decline in shipments abroad of metals; silver powder, which decreased by -11.5% to 116 kg in 2022. In general, exports saw a abrupt decline. The smallest decline of -10.9% was in 2021.

In value terms, metals; silver powder exports stood at $671K in 2022. Over the period under review, exports showed a relatively flat trend pattern.

Export of Metals; Silver Powder in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Taiwan (Chinese)3613844074306.0%
Malaysia287263240218-8.8%
Italy15.415.515.415.40.0%
Japan4.74.64.54.4-2.2%
Hong Kong SAR4.23.42.82.2-19.4%
China1.51.10.80.6-26.3%
Others0.30.30.20.2-12.6%
Total674672670671-0.1%

Top Export Markets for Metals; Silver Powder from the Philippines in 2022:

  1. Taiwan (Chinese) (49.0 kg)
  2. Malaysia (41.0 kg)
  3. Hong Kong SAR (12.0 kg)
  4. Japan (10.0 kg)
  5. Italy (2.0 kg)
  6. China (2.0 kg)

Source: IndexBox Market Intelligence Platform

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