Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines - 2023
Contents:
- Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines (CIF) - 2022
- Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines (FOB) - 2022
- Imports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines
- Exports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines
Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines (CIF) - 2022
In 2022, the average import price for glass; unworked, in balls (other than microspheres of heading no. 7018) amounted to $26,913 per ton, surging by 169% against the previous year. Over the period under review, the import price enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 an increase of 689% against the previous year. The import price peaked at $31,345 per ton in 2020; however, from 2021 to 2022, import prices stood 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 South Korea ($105,651 per ton), while the price for China ($1,024 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines (FOB) - 2022
In 2021, the average export price for glass; unworked, in balls (other than microspheres of heading no. 7018) amounted to $13,636 per ton, which is down by -92.4% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2016 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the peak figure at $179,067 per ton in 2020, and then contracted notably in the following year.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2021, the rate of growth in terms of prices for Japan amounted to +18.2% per year.
Imports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines
In 2022, after three years of growth, there was significant decline in supplies from abroad of glass; unworked, in balls (other than microspheres of heading no. 7018), when their volume decreased by -48.1% to 25 tons. In general, imports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 250% against the previous year.
In value terms, imports of glass; unworked, in balls (other than microspheres of heading no. 7018) skyrocketed to $685K in 2022. Overall, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 823% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2.0 | 1.0 | 276 | 433 | 500.5% |
| Malaysia | N/A | N/A | 63.0 | 220 | 249.2% |
| United States | 18.1 | 7.0 | 2.9 | 10.8 | -15.8% |
| China | 0.3 | N/A | 31.1 | 10.5 | 227.1% |
| Germany | 0.3 | 2.3 | 15.5 | 6.2 | 174.4% |
| Japan | 13.5 | 398 | 89.4 | 2.9 | -40.1% |
| Others | 15.4 | 49.2 | 12.6 | 1.9 | -50.2% |
| Total | 49.5 | 457 | 491 | 685 | 140.1% |
Top Suppliers of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) to the Philippines in 2022:
- China (10.3 tons)
- Malaysia (4.3 tons)
- South Korea (4.1 tons)
- Germany (3.9 tons)
- United States (2.7 tons)
- Japan (0.1 tons)
Exports of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines
Exports of glass; unworked, in balls (other than microspheres of heading no. 7018) from the Philippines surged to 55 kg in 2021, jumping by 83% on the previous year's figure. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of glass; unworked, in balls (other than microspheres of heading no. 7018) fell sharply to $750 in 2021. Over the period under review, exports, however, continue to indicate a significant curtailment.
| Export of Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 | ||
| Singapore | N/A | 0.8 | 0% | ||
| United Kingdom | 5.4 | N/A | 0% | ||
| Others | N/A | N/A | 0% | ||
| Total | 5.4 | 0.8 | -85.2% | ||
Top Export Markets for Glass; Unworked, in Balls (Other than Microspheres of Heading No. 7018) from the Philippines in 2022:
- Singapore (55.0 kg)
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