Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines - 2023
Contents:
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines (CIF) - 2022
- Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines (FOB) - 2022
- Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines
- Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines (CIF) - 2022
The average import price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $5,133 per ton in 2022, surging by 8.4% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for aluminium; alloys, bars, rods and profiles, other than hollows increased by +40.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($18,171 per ton), while the price for Malaysia ($2,905 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines (FOB) - 2022
The average export price for aluminium; alloys, bars, rods and profiles, other than hollows stood at $9,903 per ton in 2022, picking up by 50% against the previous year. In general, the export price, however, showed a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of 89% against the previous year. Over the period under review, the average export prices attained the peak figure at $16,677 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($22,054 per ton), while the average price for exports to Canada ($5,167 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 Germany (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines
After two years of decline, overseas purchases of aluminium; alloys, bars, rods and profiles, other than hollows increased by 16% to 6.5K tons in 2022. Overall, imports, however, faced a abrupt contraction.
In value terms, imports of aluminium; alloys, bars, rods and profiles, other than hollows surged to $34M in 2022. Over the period under review, imports, however, recorded a drastic downturn.
| Import of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.4 | 13.0 | 16.3 | 20.8 | -10.9% |
| Japan | 1.6 | 2.6 | 4.2 | 2.8 | 20.5% |
| Indonesia | 1.7 | 1.5 | 0.7 | 2.0 | 5.6% |
| South Korea | 1.8 | 1.0 | 0.6 | 1.4 | -8.0% |
| Singapore | 0.7 | 0.1 | 1.0 | 1.1 | 16.3% |
| India | 0.8 | 0.6 | 0.9 | 0.6 | -9.1% |
| Malaysia | 1.2 | 0.1 | 0.3 | 0.4 | -30.7% |
| Bahrain | 0.9 | 0.7 | 0.3 | 0.3 | -30.7% |
| Others | 5.7 | 4.0 | 2.4 | 4.2 | -9.7% |
| Total | 43.7 | 23.7 | 26.8 | 33.6 | -8.4% |
Top Suppliers of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow to the Philippines in 2022:
- China (4444.9 tons)
- Indonesia (575.0 tons)
- South Korea (344.6 tons)
- Japan (307.6 tons)
- Singapore (169.3 tons)
- Malaysia (132.5 tons)
- India (125.3 tons)
- Bahrain (97.5 tons)
Exports of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines
In 2022, approx. 55 tons of aluminium; alloys, bars, rods and profiles, other than hollows were exported from the Philippines; reducing by -44.3% on 2021. Overall, exports recorded a precipitous decrease.
In value terms, exports of aluminium; alloys, bars, rods and profiles, other than hollows fell markedly to $546K in 2022. In general, exports saw a sharp downturn.
| Export of Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 126 | 422 | 325 | 420 | 49.4% |
| Canada | 9.9 | N/A | N/A | 56.1 | 78.3% |
| China | 132 | 657 | 135 | 33.9 | -36.4% |
| Australia | 0.1 | 5.9 | 0.4 | 26.0 | 538.3% |
| Malaysia | 100 | 245 | N/A | 2.5 | -70.8% |
| Thailand | 2,352 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | 0.8 | 172 | N/A | 21400.0% |
| Others | 254 | 90.3 | 21.0 | 7.4 | -69.2% |
| Total | 2,974 | 1,421 | 653 | 546 | -43.2% |
Top Export Markets for Aluminium; Alloys, Bars, Rods and Profiles, Other than Hollow from the Philippines in 2022:
- United States (38.8 tons)
- Canada (10.9 tons)
- China (3.3 tons)
- Australia (1.2 tons)
- Malaysia (0.5 tons)
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