Philippines - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminium Price in the Philippines - 2023
Contents:
- Aluminium Price in the Philippines (CIF) - 2022
- Aluminium Price in the Philippines (FOB) - 2022
- Aluminium Imports in the Philippines
- Aluminium Exports in the Philippines
Aluminium Price in the Philippines (CIF) - 2022
The average aluminium import price stood at $2,388 per ton in 2022, with a decrease of -5.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2021 an increase of 32%. As a result, import price reached the peak level of $2,520 per ton, and then contracted 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 Japan ($3,840 per ton), while the price for the United Arab Emirates ($1,666 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Price in the Philippines (FOB) - 2022
The average aluminium export price stood at $774 per ton in 2022, with a decrease of -40.9% against the previous year. In general, the export price recorded a deep slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 82% against the previous year. As a result, the export price attained the peak level of $2,669 per ton. From 2014 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 China ($1,824 per ton), while the average price for exports to South Korea ($611 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 the United States (+133.4%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Imports in the Philippines
Aluminium imports into the Philippines fell remarkably to 1.8K tons in 2022, with a decrease of -66.3% against 2021 figures. In general, imports recorded a dramatic curtailment. The smallest decline of -26.9% was in 2021.
In value terms, aluminium imports declined dramatically to $4.3M in 2022. Overall, imports saw a precipitous decrease. The smallest decline of -3.5% was in 2021.
| Import of Aluminium in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 11.9 | 6.0 | 4.0 | 1.9 | -45.7% |
| Taiwan (Chinese) | 3.8 | 6.5 | 7.3 | 0.6 | -46.0% |
| United Arab Emirates | 0.1 | N/A | 1.3 | 0.6 | 81.7% |
| South Korea | 0.1 | 0.1 | N/A | 0.6 | 81.7% |
| Japan | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| New Zealand | 0.2 | 0.4 | 0.1 | 0.2 | 0.0% |
| India | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Spain | 0.8 | N/A | N/A | N/A | 0% |
| Russia | 1.8 | 0.5 | N/A | N/A | -72.2% |
| Canada | 1.7 | 0.3 | N/A | N/A | -82.4% |
| Bahrain | 0.9 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 0.1 | 0.7 | N/A | -26.6% |
| Total | 22.6 | 14.0 | 13.6 | 4.3 | -42.5% |
Top Suppliers of Aluminium to the Philippines in 2022:
- Malaysia (862.1 tons)
- United Arab Emirates (356.7 tons)
- Taiwan (Chinese) (214.0 tons)
- South Korea (207.4 tons)
- New Zealand (74.2 tons)
- India (42.3 tons)
- Japan (40.4 tons)
Aluminium Exports in the Philippines
In 2022, the amount of aluminum (unwrought, not alloyed) exported from the Philippines soared to 422 tons, picking up by 67% on 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 166%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, aluminium exports shrank modestly to $327K in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 157%. As a result, the exports attained the peak of $331K, and then reduced modestly in the following year.
| Export of Aluminium in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 32.4 | 57.2 | N/A | 144 | 64.4% |
| South Korea | N/A | N/A | N/A | 133 | 0% |
| China | N/A | 66.0 | 331 | 50.0 | -13.0% |
| Japan | 70.2 | 3.4 | N/A | N/A | -95.2% |
| Others | N/A | 2.5 | N/A | N/A | 0% |
| Total | 103 | 129 | 331 | 327 | 47.0% |
Top Export Markets for Aluminium from the Philippines in 2022:
- South Korea (217.1 tons)
- Malaysia (178.0 tons)
- China (27.4 tons)
This report provides an in-depth analysis of the aluminium 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
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
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This report provides an in-depth analysis of the aluminium market in the Philippines.
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This report provides an in-depth analysis of the aluminium market in the Philippines.
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The global aluminium industry relies heavily on import and export markets to meet the growing demand for this versatile metal. Aluminium is used in various industries, including construction, automotive, packaging, and aerospace, making it one of the most sought-after commodities worldwide. In this article, we will explore the world's best import markets for aluminium, providing key statistics and insights.
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In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
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In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
1905
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Despite a drop in exports in 2014, Canada continued to dominate in the global unwrought, not alloyed aluminium trade. Canada exported X thousand tons of unwrought, not alloyed aluminium in 2014, totaling X million USD, X% under the previous
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