Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the Philippines - 2023
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the Philippines (CIF) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the Philippines
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the Philippines (CIF) - 2022
In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $10,646 per ton, falling by -30.8% against the previous year. Over the period under review, the import price, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 when the average import price increased by 122% against the previous year. Over the period under review, average import prices attained the peak figure at $15,395 per ton in 2021, and then shrank notably in the following year.
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 Hong Kong SAR ($89,603 per ton), while the price for China ($2,590 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+52.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the Philippines
In 2022, purchases abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses decreased by -38.1% to 543 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports showed a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, imports attained the peak of 876 tons, and then dropped sharply in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses fell rapidly to $5.8M in 2022. Overall, imports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 115%.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.6 | 4.1 | 6.3 | 4.2 | 17.3% |
| Singapore | 0.4 | 4.0 | 5.9 | 0.9 | 31.0% |
| Japan | 0.1 | 0.1 | 1.0 | 0.3 | 44.2% |
| China | 0.3 | 0.3 | 0.3 | 0.2 | -12.6% |
| Others | 0.7 | 0.1 | 0.1 | 0.2 | -34.1% |
| Total | 4.0 | 8.6 | 13.5 | 5.8 | 13.2% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to the Philippines in 2022:
- Thailand (414.5 tons)
- China (81.1 tons)
- Singapore (23.5 tons)
- Japan (21.8 tons)
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