![Philippines - Hot-Rolled Round Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights](/landing/img/reports/philippines-hot-rolled-round-bars-of-stainless-steel-market-analysis-forecast-size-trends-and-insights.webp)
Philippines - Hot-Rolled Round Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPrice for Hot-Rolled Round Stainless Steel in the Philippines - 2023
Contents:
- Price for Hot-Rolled Round Stainless Steel in the Philippines (CIF) - 2023
- Price for Hot-Rolled Round Stainless Steel in the Philippines (FOB) - 2022
- Imports of Hot-Rolled Round Stainless Steel in the Philippines
- Exports of Hot-Rolled Round Stainless Steel in the Philippines
Price for Hot-Rolled Round Stainless Steel in the Philippines (CIF) - 2023
In July 2023, the average hot-rolled round stainless steel import price amounted to $1,247 per ton, dropping by -22.6% against the previous month. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in August 2022 an increase of 336% month-to-month. Over the period under review, average import prices hit record highs at $8,347 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($4,038 per ton), while the price for China stood at $780 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Hot-Rolled Round Stainless Steel in the Philippines (FOB) - 2022
In 2022, the average hot-rolled round stainless steel export price amounted to $4,664 per ton, rising by 54% against the previous year. Overall, the export price enjoyed a temperate expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to -5.2% per year.
Imports of Hot-Rolled Round Stainless Steel in the Philippines
In 2022, overseas purchases of hot-rolled round bars of stainless steel decreased by -35.8% to 787 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 27%. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled round stainless steel imports soared to $4.2M in 2022. In general, imports, however, enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Hot-Rolled Round Stainless Steel in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 876 | 682 | 387 | 491 | -17.5% |
Japan | 239 | 252 | 611 | 400 | 18.7% |
India | 83.6 | 37.9 | 4.7 | N/A | -76.3% |
Others | 353 | 204 | 242 | 3,344 | 111.6% |
Total | 1,551 | 1,176 | 1,244 | 4,235 | 39.8% |
Top Suppliers of Hot-Rolled Round Stainless Steel to the Philippines in 2022:
- China (563.1 tons)
- Japan (297.6 tons)
Exports of Hot-Rolled Round Stainless Steel in the Philippines
In 2022, the amount of hot-rolled round bars of stainless steel exported from the Philippines plummeted to 640 kg, falling by -89.4% against the year before. Over the period under review, exports saw a precipitous contraction. The smallest decline of -35.5% was in 2020.
In value terms, hot-rolled round stainless steel exports contracted rapidly to $3K in 2022. Overall, exports continue to indicate a sharp reduction. The smallest decline of -33.4% was in 2021.
Export of Hot-Rolled Round Stainless Steel in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 42.0 | 24.3 | 12.9 | 3.0 | -58.5% |
Germany | N/A | N/A | 1.3 | N/A | 0% |
Micronesia | 2.8 | 2.5 | 2.2 | N/A | -11.4% |
Palau | 0.7 | 0.6 | 0.6 | N/A | -7.4% |
Others | N/A | N/A | 1.3 | N/A | 0% |
Total | 45.4 | 27.4 | 18.3 | 3.0 | -59.6% |
Top Export Markets for Hot-Rolled Round Stainless Steel from the Philippines in 2022:
- Japan (640.0 kg)
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24106410 - Hot-rolled round bars, of stainless steel
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
-
LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in the Philippines.
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in the Philippines.
This report provides an in-depth analysis of the stainless steel angle market in the Philippines.
This report provides an in-depth analysis of the market for forged stainless steel bar in the Philippines.
This report provides an in-depth analysis of the global market for hot-rolled round stainless steel.
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
This report provides an in-depth analysis of the global stainless steel angle market.
This report provides an in-depth analysis of the global market for forged stainless steel bar.
This report provides an in-depth analysis of the market for hot-rolled round stainless steel in the Philippines.
This report provides an in-depth analysis of the stainless steel angle market in the Philippines.
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
Despite a slight drop in exports, India continued its dominance in the global trade of stainless steel angles, shapes and sections. In 2014, India exported X thousand tons of stainless steel angles, shapes and sections totaling X million USD, X%
Global demand for forged stainless steel bar is forecasted to increase over the next seven years, with the market volume expected to reach 4.3M tons and value to reach $22.1B by 2030. China leads in consumption and production, while India and the United States also play significant roles in the market. Import and export prices and trends are analyzed, with India emerging as a major exporter of forged stainless steel bars.
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...
Global stainless steel angle imports totaled X tons in 2016, waning by -X% against the previous year level. In general, stainless steel angle imports continue to indicate a moderate decline. Th...