Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the Philippines - 2023
Contents:
- Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the Philippines (CIF) - 2022
- Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the Philippines
Price for Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the Philippines (CIF) - 2022
The average ferro-alloys; ferro-tungsten and ferro-silico-tungsten import price stood at $28,362 per ton in 2022, leveling off at the previous year. In general, the import price, however, recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 70% against the previous year. Over the period under review, average import prices reached the maximum at $28,538 per ton in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($67,466 per ton), while the price for China ($23,279 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the Philippines
In 2022, ferro-alloys; ferro-tungsten and ferro-silico-tungsten imports into the Philippines dropped dramatically to 863 kg, reducing by -47.3% against 2021. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 1,806%. As a result, imports attained the peak of 1.6 tons, and then shrank markedly in the following year.
In value terms, ferro-alloys; ferro-tungsten and ferro-silico-tungsten imports dropped sharply to $24K in 2022. Overall, imports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 2,048%. As a result, imports attained the peak of $47K, and then dropped dramatically in the following year.
| Import of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 1.9 | 38.1 | 15.3 | 97.0% |
| Netherlands | N/A | N/A | N/A | 3.0 | 0% |
| Taiwan (Chinese) | 0.3 | 0.2 | 5.9 | 2.3 | 97.2% |
| India | 0.2 | 0.1 | 2.7 | 0.9 | 65.1% |
| Others | N/A | N/A | N/A | 3.0 | 0% |
| Total | 2.5 | 2.2 | 46.8 | 24.5 | 114.0% |
Top Suppliers of Ferro-Alloys; Ferro-Tungsten and Ferro-Silico-Tungsten to the Philippines in 2022:
- China (658.0 kg)
- Netherlands (65.0 kg)
- Taiwan (Chinese) (61.0 kg)
- India (14.0 kg)
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