Price for Prefabricated Buildings of Wood in the Philippines - 2023

Contents:

1. Price for Prefabricated Buildings of Wood in the Philippines (FOB) - 2022
2. Price for Prefabricated Buildings of Wood in the Philippines (CIF) - 2022
3. Exports of Prefabricated Buildings of Wood in the Philippines
4. Imports of Prefabricated Buildings of Wood in the Philippines

Price for Prefabricated Buildings of Wood in the Philippines (FOB) - 2022

In 2022, the average prefabricated buildings of wood export price amounted to $26,918 per unit, growing by 11% against the previous year. Over the last three years, it increased at an average annual rate of +7.0%. The most prominent rate of growth was recorded in 2021 an increase of 36%. The export price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($27,285 per unit) and Australia ($27,285 per unit), while the average price for exports to South Korea ($21,261 per unit) and the United States ($27,285 per unit) were amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+39.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Prefabricated Buildings of Wood in the Philippines (CIF) - 2022

In 2022, the average prefabricated buildings of wood import price amounted to $27,170 per unit, increasing by 11% against the previous year. Over the last three-year period, it increased at an average annual rate of +5.6%. The pace of growth was the most pronounced in 2020 an increase of 45% against the previous year. As a result, import price reached the peak level of $33,427 per unit. From 2021 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Indonesia ($28,410 per unit) and South Korea ($28,410 per unit), while the price for Thailand ($23,358 per unit) and China ($28,410 per unit) were amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1,981.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Prefabricated Buildings of Wood in the Philippines

For the fourth year in a row, the Philippines recorded growth in overseas shipments of prefabricated buildings of wood, which increased by 88% to 156 units in 2022. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,975%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, prefabricated buildings of wood exports skyrocketed to $4.2M in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 2,726% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

Top Export Markets for Prefabricated Buildings of Wood from the Philippines in 2022:

1. Japan (129.0 units)
2. United States (7.0 units)
3. Australia (5.0 units)
4. South Korea (5.0 units)
5. New Zealand (3.0 units)
6. Canada (2.0 units)

Imports of Prefabricated Buildings of Wood in the Philippines

In 2022, approx. 23 units of prefabricated buildings of wood were imported into the Philippines; with a decrease of -56.6% compared with 2021 figures. Over the period under review, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 308%. As a result, imports attained the peak of 53 units, and then shrank significantly in the following year.

In value terms, prefabricated buildings of wood imports shrank rapidly to $617K in 2022. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 190% against the previous year. As a result, imports reached the peak of $1.3M, and then contracted rapidly in the following year.

Top Suppliers of Prefabricated Buildings of Wood to the Philippines in 2022:

1. China (9.0 units)
2. Thailand (6.0 units)
3. Poland (3.0 units)
4. Finland (2.0 units)
5. Netherlands (1.0 units)
6. Malaysia (1.0 units)
7. South Korea (1.0 units)