Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $5,680 per ton in 2022, growing by 8.6% against the previous year. Over the period under review, the import price saw a pronounced expansion. The pace of growth was the most pronounced in 2018 an increase of 84% against the previous year. As a result, import price attained the peak level of $8,425 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($45,376 per ton), while the price for China ($3,760 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines (FOB) - 2022
In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms amounted to $93,750 per ton, falling by -34.4% against the previous year. Overall, the export price showed a dramatic downturn. Over the period under review, the average export prices reached the maximum at $142,857 per ton in 2021, and then shrank rapidly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Micronesia ($100,429 per ton), while the average price for exports to Palau stood at $47,000 per ton.
From 2021 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palau (+4,600.0%).
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines
In 2022, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -88.9% to 3.6 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 2.4% against the previous year. As a result, imports attained the peak of 198 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms declined sharply to $20K in 2022. Over the period under review, imports saw a dramatic decline. The pace of growth appeared the most rapid in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of $1.3M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 278 | 277 | 11.2 | 12.2 | -64.7% |
| Japan | 341 | 483 | 8.8 | 5.7 | -74.4% |
| Malaysia | 7.8 | 2.0 | 0.1 | 1.5 | -42.3% |
| Thailand | 430 | 524 | 142 | N/A | -42.5% |
| Others | 70.9 | 19.1 | 5.6 | 0.7 | -78.5% |
| Total | 1,128 | 1,305 | 168 | 20.2 | -73.8% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to the Philippines in 2022:
- China (3256.0 kg)
- Malaysia (168.0 kg)
- Japan (125.0 kg)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines
In 2022, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms from the Philippines dropped notably to 16 kg, which is down by -23.8% compared with 2021. Overall, exports showed a significant decline.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms declined sharply to $1.5K in 2022. In general, exports showed a precipitous decline.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2021 | 2022 | CAGR, 2021-2022 | ||
| Micronesia | 18.0 | 1,406 | 7711.1% | ||
| Palau | 1.0 | 94.0 | 9300.0% | ||
| Taiwan (Chinese) | 2,981 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 3,000 | 1,500 | -50.0% | ||
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from the Philippines in 2022:
- Micronesia (14.0 kg)
- Palau (2.0 kg)
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