Report Update: May 1, 2024

Philippines - Aluminium Reservoirs, Tanks And Vats - Market Analysis, Forecast, Size, Trends And Insights

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Aluminium Reservoir Price in the Philippines - 2023

Aluminium Reservoir Price in the Philippines (FOB) - 2022

In 2022, the average aluminium reservoir export price amounted to $179 per unit, surging by 5% against the previous year. In general, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 462% against the previous year. As a result, the export price reached the peak level of $189 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($13 per unit) and Switzerland ($13 per unit), while the average price for exports to Japan ($13 per unit) and Australia ($13 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+72.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Reservoir Price in the Philippines (CIF) - 2022

In 2022, the average aluminium reservoir import price amounted to $167 per unit, shrinking by -5.7% against the previous year. Overall, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 121% against the previous year. Over the period under review, average import prices attained the peak figure at $213 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Singapore ($12 per unit) and China ($12 per unit), while the price for Taiwan (Chinese) ($12 per unit) and India ($12 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Reservoir Exports in the Philippines

In 2022, the amount of aluminium reservoirs, tanks, vats and similar containers exported from the Philippines dropped to 3.6K units, waning by -12.8% against the previous year's figure. Over the period under review, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,634% against the previous year. As a result, the exports reached the peak of 4.1K units, and then fell in the following year.

In value terms, aluminium reservoir exports shrank to $643K in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,672%. As a result, the exports attained the peak of $702K, and then shrank in the following year.

Export of Aluminium Reservoir in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	66.4	N/A	660	498	95.7%
Australia	N/A	N/A	N/A	56.7	0%
United States	N/A	N/A	N/A	40.0	0%
Switzerland	N/A	N/A	N/A	35.0	0%
Germany	21.9	19.8	18.2	13.1	-15.7%
Indonesia	N/A	N/A	23.1	N/A	0%
Others	1.3	19.8	0.1	N/A	-72.3%
Total	89.6	39.6	702	643	92.9%

Top Export Markets for Aluminium Reservoir from the Philippines in 2022:

Japan (38.7K units)
Australia (4.4K units)
United States (3.1K units)
Switzerland (2.7K units)
Germany (1.0K units)

Aluminium Reservoir Imports in the Philippines

In 2022, aluminium reservoir imports into the Philippines fell significantly to 948 units, shrinking by -45.2% on 2021. Overall, imports faced a precipitous slump. The smallest decline of -37.7% was in 2020. Over the period under review, imports reached the peak figure at 6.8K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, aluminium reservoir imports dropped markedly to $158K in 2022. Over the period under review, imports saw a dramatic setback. The smallest decline of -45.6% was in 2020. Over the period under review, imports reached the maximum at $1.5M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Aluminium Reservoir in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.7	37.6	81.8	130	137.5%
United States	151	18.6	0.5	8.8	-61.2%
Singapore	40.8	6.7	N/A	8.3	-41.2%
Hong Kong SAR	3.8	3.9	7.1	5.0	9.6%
India	N/A	N/A	127	0.8	-99.4%
Taiwan (Chinese)	8.4	455	0.3	0.5	-61.0%
South Korea	24.8	N/A	17.7	0.4	-74.7%
Germany	34.4	250	N/A	N/A	626.7%
Thailand	320	N/A	N/A	N/A	0%
Australia	58.5	N/A	N/A	N/A	0%
United Arab Emirates	16.0	N/A	N/A	N/A	0%
Netherlands	765	N/A	N/A	N/A	0%
Others	23.1	20.1	72.4	5.1	-39.6%
Total	1,456	792	307	158	-52.3%

Top Suppliers of Aluminium Reservoir to the Philippines in 2022:

Taiwan (Chinese) (undefinedK units)
South Korea (undefinedK units)
China (10.8K units)
Singapore (0.7K units)
United States (0.7K units)
Hong Kong SAR (0.4K units)
India (0.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium reservoir 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 25291170 - Aluminium reservoirs, tanks, vats and similar containers for any material (other than compressed or liquefied gas), of a capacity > .300 litres (excluding fitted with mechanical or thermal equipment)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023