Price for Metals; Gold, Non-Monetary, Powder in the Philippines - 2023
Contents:
- Price for Metals; Gold, Non-Monetary, Powder in the Philippines (FOB) - 2022
- Price for Metals; Gold, Non-Monetary, Powder in the Philippines (CIF) - 2022
- Exports of Metals; Gold, Non-Monetary, Powder in the Philippines
- Imports of Metals; Gold, Non-Monetary, Powder in the Philippines
Price for Metals; Gold, Non-Monetary, Powder in the Philippines (FOB) - 2022
In 2022, the average metals; gold, non-monetary, powder export price amounted to $42,910,335 per ton, with a decrease of -4.9% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metals; gold, non-monetary, powder export price increased by +52.6% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 72%. As a result, the export price reached the peak level of $64,810 per kg. 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 Japan ($58,395,125 per ton), while the average price for exports to Thailand totaled $120,322 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.1%).
Price for Metals; Gold, Non-Monetary, Powder in the Philippines (CIF) - 2022
In 2022, the average metals; gold, non-monetary, powder import price amounted to $2,587,250 per ton, falling by -41% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2015 when the average import price increased by 101%. The import price peaked at $9,376,500 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 China ($2,978,533 per ton), while the price for Singapore amounted to $239,551 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-12.6%), while the prices for the other major suppliers experienced a decline.
Exports of Metals; Gold, Non-Monetary, Powder in the Philippines
In 2022, the amount of metals; gold, non-monetary, powder exported from the Philippines dropped remarkably to 4 kg, waning by -20% compared with the previous year. Over the period under review, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 when exports increased by 67% against the previous year.
In value terms, metals; gold, non-monetary, powder exports declined rapidly to $175K in 2022. Overall, total exports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 86% against the previous year. As a result, the exports attained the peak of $228K, and then fell significantly in the following year.
| Export of Metals; Gold, Non-Monetary, Powder in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 167 | 122 | 228 | 175 | 1.6% |
| Thailand | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 167 | 122 | 228 | 175 | 1.6% |
Top Export Markets for Metals; Gold, Non-Monetary, Powder from the Philippines in 2022:
- Japan (3.0 kg)
- Thailand (1.0 kg)
Imports of Metals; Gold, Non-Monetary, Powder in the Philippines
After two years of decline, overseas purchases of metals; gold, non-monetary, powder increased by 78% to 16 kg in 2022. Overall, imports, however, recorded a pronounced decline.
In value terms, metals; gold, non-monetary, powder imports amounted to $41K in 2022. Over the period under review, imports, however, continue to indicate a sharp downturn. The smallest decline of -48.8% was in 2020.
| Import of Metals; Gold, Non-Monetary, Powder in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 80.2 | 40.9 | 7.7 | 40.8 | -20.2% |
| Singapore | 0.6 | 0.5 | 0.1 | 0.5 | -5.9% |
| Hong Kong SAR | N/A | N/A | 0.1 | N/A | 0% |
| Japan | N/A | N/A | 33.4 | N/A | 0% |
| United States | N/A | N/A | 0.1 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 80.8 | 41.4 | 41.4 | 41.4 | -20.0% |
Top Suppliers of Metals; Gold, Non-Monetary, Powder to the Philippines in 2022:
- China (14.0 kg)
- Singapore (2.0 kg)
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