Price for Steel, Alloy; Angles, Shapes and Sections in the Philippines - 2024
Contents:
- Price for Steel, Alloy; Angles, Shapes and Sections in the Philippines (CIF) - 2022
- Price for Steel, Alloy; Angles, Shapes and Sections in the Philippines (FOB) - 2022
- Imports of Steel, Alloy; Angles, Shapes and Sections in the Philippines
- Exports of Steel, Alloy; Angles, Shapes and Sections in the Philippines
Price for Steel, Alloy; Angles, Shapes and Sections in the Philippines (CIF) - 2022
The average import price for steel, alloy; angles, shapes and sectionses stood at $804 per ton in 2022, picking up by 9.8% against the previous year. In general, the import price, however, saw a slight decline. The pace of growth was the most pronounced in 2021 an increase of 42%. Over the period under review, average import prices reached the peak figure at $897 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($1,823 per ton), while the price for China amounted to $745 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%).
Price for Steel, Alloy; Angles, Shapes and Sections in the Philippines (FOB) - 2022
The average export price for steel, alloy; angles, shapes and sectionses stood at $1,531 per ton in 2022, rising by 11% against the previous year. In general, the export price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2018 an increase of 210% against the previous year. As a result, the export price attained the peak level of $4,190 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($24,519 per ton), while the average price for exports to the United States ($471 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Angles, Shapes and Sections in the Philippines
In 2022, imports of steel, alloy; angles, shapes and sectionses into the Philippines dropped significantly to 4.9K tons, with a decrease of -82.7% compared with the year before. Over the period under review, imports showed a precipitous descent. The smallest decline of -11% was in 2021.
In value terms, imports of steel, alloy; angles, shapes and sectionses contracted notably to $3.9M in 2022. In general, imports recorded a sharp curtailment. The smallest decline of -0.5% was in 2021.
| Import of Steel, Alloy; Angles, Shapes and Sections in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.9 | 20.6 | 20.3 | 3.5 | -48.7% |
| Taiwan (Chinese) | 0.2 | N/A | 0.1 | 0.2 | 0.0% |
| Others | N/A | N/A | 0.2 | 0.2 | 0.0% |
| Total | 26.1 | 20.6 | 20.5 | 3.9 | -46.9% |
Top Suppliers of Steel, Alloy; Angles, Shapes and Sections to the Philippines in 2022:
- China (4.7K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Steel, Alloy; Angles, Shapes and Sections in the Philippines
In 2022, approx. 15 tons of steel, alloy; angles, shapes and sectionses were exported from the Philippines; reducing by -58.9% on the previous year. Over the period under review, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2021 when exports increased by 284%. As a result, the exports attained the peak of 36 tons, and then shrank markedly in the following year.
In value terms, exports of steel, alloy; angles, shapes and sectionses reduced markedly to $20K in 2022. In general, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 332% against the previous year. As a result, the exports attained the peak of $49K, and then reduced rapidly in the following year.
| Export of Steel, Alloy; Angles, Shapes and Sections in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 6.0 | 0% |
| Germany | N/A | N/A | 2.5 | 4.6 | 84.0% |
| Papua New Guinea | 22.8 | 11.4 | 43.0 | N/A | 37.3% |
| Others | 1.0 | N/A | 3.8 | 9.3 | 110.3% |
| Total | 23.8 | 11.4 | 49.4 | 19.9 | -5.8% |
Top Export Markets for Steel, Alloy; Angles, Shapes and Sections from the Philippines in 2022:
- United States (12.7 tons)
- Germany (1.7 tons)
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