Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines - 2024
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines (CIF) - 2022
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines (FOB) - 2022
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines (CIF) - 2022
The average import price for containers for compressed or liquefied gas, of iron or steel stood at $48 per unit in 2022, surging by 9.8% against the previous year. Over the period under review, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 132%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual 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 Japan ($48 per unit) and Malaysia ($48 per unit), while the price for South Korea ($48 per unit) and China ($48 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines (FOB) - 2022
In 2022, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $42 per unit, growing by 2% against the previous year. Overall, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 83%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($42 per unit) and South Korea ($42 per unit), while the average price for exports to Singapore ($42 per unit) and Malaysia ($42 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines
Imports of containers for compressed or liquefied gas, of iron or steel into the Philippines contracted significantly to 650K units in 2022, which is down by -32.1% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 30%. As a result, imports attained the peak of 957K units, and then fell dramatically in the following year.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel fell dramatically to $31M in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +5.7% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of $42M, and then contracted remarkably in the following year.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 23.1 | 25.6 | 39.3 | 24.7 | 2.3% |
| Vietnam | 0.1 | N/A | N/A | 2.7 | 200.0% |
| India | 0.5 | 0.6 | 0.1 | 0.9 | 21.6% |
| Malaysia | 0.8 | 0.5 | 0.7 | 0.6 | -9.1% |
| Japan | 0.5 | 0.5 | 0.3 | 0.6 | 6.3% |
| South Korea | 1.7 | 0.4 | 0.2 | 0.1 | -61.1% |
| Others | 3.0 | 2.3 | 1.4 | 1.7 | -17.2% |
| Total | 29.6 | 29.8 | 42.0 | 31.3 | 1.9% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to the Philippines in 2022:
- China (511.8K units)
- Vietnam (55.1K units)
- India (19.5K units)
- Malaysia (13.4K units)
- Japan (12.1K units)
- South Korea (2.8K units)
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines
In 2022, the amount of containers for compressed or liquefied gas, of iron or steel exported from the Philippines declined rapidly to 79K units, shrinking by -77.7% on 2021 figures. In general, exports showed a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports reached the peak of 352K units, and then shrank sharply in the following year.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel declined significantly to $3.3M in 2022. Over the period under review, exports saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $15M, and then fell dramatically in the following year.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 0.2 | 0.7 | 1.0 | -16.2% |
| China | 3.3 | 1.8 | 0.6 | 0.8 | -37.6% |
| Thailand | 4.9 | 4.1 | 3.0 | 0.7 | -47.7% |
| Singapore | 1.1 | 1.1 | 0.8 | 0.3 | -35.2% |
| Malaysia | 0.3 | N/A | 0.1 | 0.3 | 0.0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | 0.1 | -20.6% |
| South Korea | 0.2 | 1.6 | 5.3 | N/A | 414.8% |
| Indonesia | 0.1 | 1.5 | 2.2 | N/A | 369.0% |
| Australia | N/A | 0.7 | 0.5 | N/A | -28.6% |
| Others | 0.4 | 0.7 | 1.2 | 0.1 | -37.0% |
| Total | 12.3 | 11.9 | 14.5 | 3.3 | -35.5% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from the Philippines in 2022:
- United States (24.7K units)
- China (19.0K units)
- Thailand (15.8K units)
- Malaysia (8.0K units)
- Singapore (6.2K units)
- Taiwan (Chinese) (2.1K units)
- South Korea (0.6K units)
- Australia (0.1K units)
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