Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines - 2024
Contents:
- Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines (CIF) - 2022
- Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines (FOB) - 2022
- Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines
- Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines
Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines (CIF) - 2022
In 2022, the average import price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms amounted to $4,363 per ton, picking up by 10% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% 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 plates, sheets and strip of thickness exceeding 0.2 mms increased by +32.6% against 2020 indices. The growth pace was the most rapid in 2018 when the average import price increased by 27% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($13,244 per ton), while the price for China ($3,219 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines (FOB) - 2022
The average export price for aluminium plates, sheets and strip of thickness exceeding 0.2 mms stood at $4,431 per ton in 2022, falling by -14.1% against the previous year. Overall, the export price, however, posted a mild expansion. The most prominent rate of growth was recorded in 2015 an increase of 130% against the previous year. As a result, the export price reached the peak level of $6,021 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
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 Denmark ($13,936 per ton), while the average price for exports to Japan ($3,955 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 Taiwan (Chinese) (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines
In 2022, the amount of aluminium plates, sheets and strip of thickness exceeding 0.2 mms imported into the Philippines surged to 20K tons, jumping by 17% on the year before. Over the period under review, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
In value terms, imports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms skyrocketed to $86M in 2022. In general, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
Import of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 34.1 | 22.7 | 37.3 | 49.7 | 13.4% |
Japan | 20.3 | 5.6 | 12.7 | 19.3 | -1.7% |
South Korea | 8.4 | 8.1 | 5.6 | 6.0 | -10.6% |
Germany | 1.8 | 4.4 | 5.1 | 3.4 | 23.6% |
Malaysia | 0.3 | 0.3 | 1.0 | 2.5 | 102.7% |
Netherlands | 1.7 | 1.2 | 1.3 | N/A | -12.6% |
Australia | 2.8 | 1.6 | N/A | N/A | -42.9% |
Others | 7.1 | 2.8 | 3.5 | 4.6 | -13.5% |
Total | 76.6 | 46.6 | 66.5 | 85.6 | 3.8% |
Top Suppliers of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm to the Philippines in 2022:
- China (15.4K tons)
- Japan (1.5K tons)
- South Korea (1.3K tons)
- Malaysia (0.4K tons)
- Germany (0.4K tons)
Exports of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines
In 2022, approx. 423 tons of aluminium plates, sheets and strip of thickness exceeding 0.2 mms were exported from the Philippines; jumping by 132% against the previous year. Over the period under review, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of aluminium plates, sheets and strip of thickness exceeding 0.2 mms skyrocketed to $1.9M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 105 | 119 | 259 | 1,208 | 125.7% |
China | 45.4 | 224 | 175 | 450 | 114.8% |
Denmark | N/A | 48.0 | 82.2 | 197 | 102.6% |
Vietnam | N/A | 201 | 374 | 12.7 | -74.9% |
South Korea | 150 | 67.4 | 0.1 | N/A | -97.4% |
Australia | 235 | 1.0 | 0.4 | N/A | -95.9% |
Others | 29.3 | 42.3 | 50.1 | 8.3 | -34.3% |
Total | 564 | 703 | 940 | 1,876 | 49.3% |
Top Export Markets for Aluminium Plates, Sheets and Strip of Thickness Exceeding 0.2 Mm from the Philippines in 2022:
- Japan (305.4 tons)
- China (100.9 tons)
- Denmark (14.1 tons)
- Vietnam (2.3 tons)
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in the Philippines.
This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in the Philippines.
This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
This report provides an in-depth analysis of the market for aluminium plate, sheet and strip of thickness over 0.2 mm in the Philippines.
This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm in the Philippines.
This report provides an in-depth analysis of the global market for aluminium plate, sheet and strip of thickness over 0.2 mm.
This report provides an in-depth analysis of the global market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm.
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