Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines - 2023

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines (CIF) - 2022
2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines (FOB) - 2022
3. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines
4. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines (CIF) - 2022

In 2022, the average import price for non-electric iron or steel central heating radiators other than of cast iron amounted to $3.3 per unit, with an increase of 17% against the previous year. Overall, the import price posted a temperate increase. The most prominent rate of growth was recorded in 2013 an increase of 111% against the previous year. Over the period under review, average import prices attained the peak figure at $8.3 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($3.3 per unit) and Japan ($3.3 per unit), while the price for China ($3.3 per unit) and Thailand ($3.3 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+73.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines (FOB) - 2022

The average export price for non-electric iron or steel central heating radiators other than of cast iron stood at $14 per unit in 2022, declining by -67.3% against the previous year. In general, the export price recorded a deep contraction. The pace of growth was the most pronounced in 2020 when the average export price increased by 271%. Over the period under review, the average export prices hit record highs at $50 per unit in 2016; however, from 2017 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 Norway ($44 per unit), while the average price for exports to the UK ($12 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-10.8%).

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines

For the third year in a row, the Philippines recorded decline in purchases abroad of non-electric iron or steel central heating radiators other than of cast iron, which decreased by -12.8% to 22K units in 2022. In general, imports faced a precipitous slump. Imports peaked at 173K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron expanded modestly to $72K in 2022. Over the period under review, imports recorded a precipitous slump. Over the period under review, imports of reached the maximum at $450K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to the Philippines in 2022:

1. China (7.7K units)
2. Japan (6.1K units)
3. Thailand (4.0K units)
4. United States (3.5K units)
5. Singapore (0.1K units)

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in the Philippines

In 2022, shipments abroad of non-electric iron or steel central heating radiators other than of cast iron increased by 1,599% to 6.1K units for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron skyrocketed to $84K in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from the Philippines in 2022:

1. United Kingdom (5.8K units)
2. Norway (0.2K units)
3. Switzerland (0.1K units)

Source: IndexBox Market Intelligence Platform