Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines - 2024
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel wire, plated or coated with zincs amounted to $543 per ton, rising by 2.6% against the previous year. In general, the import price, however, saw a deep downturn. The growth pace was the most rapid in 2017 an increase of 32%. The import price peaked at $935 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($1,435 per ton), while the price for China stood at $494 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.2%).
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $331 per ton, with a decrease of -99.7% against the previous year. Over the period under review, the export price continues to indicate a dramatic descent. Over the period under review, the average export prices attained the maximum at $129,111 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($511 per ton), while the average price for exports to Australia stood at $317 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-22.3%).
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines
In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or non-alloy steel wire, plated or coated with zincs, when their volume decreased by -13.7% to 51K tons. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. As a result, imports reached the peak of 59K tons, and then dropped in the following year.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs dropped to $28M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 9% against the previous year. As a result, imports attained the peak of $31M, and then declined in the following year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.0 | 26.5 | 28.0 | 24.2 | -1.1% |
| Malaysia | 1.3 | 1.9 | 2.6 | 2.8 | 29.1% |
| Others | 0.7 | 0.4 | 0.8 | 0.8 | 4.6% |
| Total | 26.9 | 28.8 | 31.4 | 27.8 | 1.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to the Philippines in 2022:
- China (48.9K tons)
- Malaysia (1.9K tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines
Exports of iron or non-alloy steel wire, plated or coated with zincs from the Philippines soared to 60 tons in 2022, picking up by 42,811% against the previous year's figure. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs surged to $20K in 2022. Overall, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | 2.5 | 17.7 | 608.0% |
| Thailand | 0.1 | N/A | 2.5 | 2.2 | 180.2% |
| Others | 0.2 | N/A | 9.6 | N/A | 592.8% |
| Total | 0.3 | N/A | 14.6 | 19.9 | 304.8% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from the Philippines in 2022:
- Australia (55.8 tons)
- Thailand (4.3 tons)
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