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Philippines - Angles, Shapes And Sections Of Stainless Steel Or Other Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStainless Steel Angle Price in the Philippines - 2023
Contents:
- Stainless Steel Angle Price in the Philippines (CIF) - 2022
- Stainless Steel Angle Price in the Philippines (FOB) - 2022
- Stainless Steel Angle Imports in the Philippines
- Stainless Steel Angle Exports in the Philippines
Stainless Steel Angle Price in the Philippines (CIF) - 2022
The average stainless steel angle import price stood at $1,158 per ton in 2022, with an increase of 42% against the previous year. In general, the import price, however, saw a noticeable curtailment. The import price peaked at $1,692 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,628 per ton), while the price for China ($809 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Stainless Steel Angle Price in the Philippines (FOB) - 2022
In 2022, the average stainless steel angle export price amounted to $955 per ton, declining by -19.2% against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 33%. Over the period under review, the average export prices attained the peak figure at $2,313 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($968 per ton), while the average price for exports to Micronesia ($644 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 South Korea (+9.4%), while the prices for the other major destinations experienced mixed trend patterns.
Stainless Steel Angle Imports in the Philippines
In 2022, stainless steel angle imports into the Philippines contracted remarkably to 6.6K tons, waning by -78.2% against 2021 figures. In general, imports recorded a sharp contraction. The smallest decline of -11.1% was in 2020.
In value terms, stainless steel angle imports reduced remarkably to $7.6M in 2022. Overall, imports recorded a significant contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 1.4%.
Import of Stainless Steel Angle in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 27.6 | 20.8 | 20.8 | 4.2 | -46.6% |
India | 0.6 | 0.9 | 1.0 | 1.9 | 46.8% |
Taiwan (Chinese) | 2.6 | 1.6 | 0.9 | 1.1 | -24.9% |
Others | 1.2 | 0.9 | 1.9 | 0.3 | -37.0% |
Total | 31.9 | 24.3 | 24.6 | 7.6 | -38.0% |
Top Suppliers of Stainless Steel Angle to the Philippines in 2022:
- China (5.2K tons)
- India (1.0K tons)
- Taiwan (Chinese) (0.3K tons)
Stainless Steel Angle Exports in the Philippines
In 2022, after three years of growth, there was decline in shipments abroad of angles, shapes and sections of stainless steel or other alloy steel, when their volume decreased by -1.4% to 125 tons. The total export volume increased at an average annual rate of +2.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 4%. As a result, the exports attained the peak of 127 tons, and then declined modestly in the following year.
In value terms, stainless steel angle exports shrank dramatically to $119K in 2022. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by 8% against the previous year. As a result, the exports attained the peak of $154K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Stainless Steel Angle in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 128 | 152 | 146 | 112 | -4.4% |
Micronesia | 13.4 | 0.9 | 1.1 | 3.7 | -34.9% |
Palau | N/A | 0.1 | 0.1 | 2.5 | 400.0% |
Others | 0.3 | 0.5 | 2.8 | 0.9 | 44.2% |
Total | 142 | 154 | 150 | 119 | -5.7% |
Top Export Markets for Stainless Steel Angle from the Philippines in 2022:
- Japan (116.0 tons)
- Micronesia (5.8 tons)
- Palau (3.0 tons)
This report provides an in-depth analysis of the stainless steel angle market 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 24107200 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of stainless steel
- Prodcom 24107300 - Open sections, not further worked than hot-rolled, hot-drawn or extruded, of other alloy steel
- Prodcom 24312050 - Sections, of alloy steel other than stainless, cold-finished or cold-formed (e.g. by cold-drawing)
- Prodcom 24331200 - Cold-formed sections, obtained from flat products, 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.
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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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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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
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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
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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
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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
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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
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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 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 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 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 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 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.
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