Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in the Philippines - 2023

Contents:

1. Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in the Philippines (CIF) - 2022
2. Imports of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in the Philippines

Price for Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in the Philippines (CIF) - 2022

In 2022, the average import price for glass; unworked, in tubes, of fused quartz or other fused silica amounted to $9,910 per ton, falling by -12.4% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2017 an increase of 118% against the previous year. The import price peaked at $27,444 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($62,731 per ton), while the price for China ($5,473 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+34.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica in the Philippines

In 2022, approx. 60 tons of glass; unworked, in tubes, of fused quartz or other fused silica were imported into the Philippines; increasing by 54% on 2021. In general, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +4.5% 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 decreased by -2.1% against 2020 indices.

In value terms, imports of glass; unworked, in tubes, of fused quartz or other fused silica skyrocketed to $599K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.4% 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 +83.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.

Top Suppliers of Glass; Unworked, in Tubes, of Fused Quartz or Other Fused Silica to the Philippines in 2022:

1. China (51.3 tons)
2. Japan (2.4 tons)
3. Hong Kong SAR (2.2 tons)
4. South Korea (1.2 tons)
5. Singapore (1.0 tons)
6. Germany (1.0 tons)
7. United Kingdom (0.7 tons)

Source: IndexBox Market Intelligence Platform