Philippines - Iron Or Steel Articulated Link Chain - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Link Chain Price in the Philippines - 2023
Contents:
- Metal Link Chain Price in the Philippines (CIF) - 2022
- Metal Link Chain Price in the Philippines (FOB) - 2022
- Metal Link Chain Imports in the Philippines
- Metal Link Chain Exports in the Philippines
Metal Link Chain Price in the Philippines (CIF) - 2022
In 2022, the average metal link chain import price amounted to $3,004 per ton, falling by -10.1% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal link chain import price decreased by -18.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 56%. Over the period under review, average import prices reached the peak figure at $3,688 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($14,858 per ton), while the price for China ($1,158 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Link Chain Price in the Philippines (FOB) - 2022
In 2022, the average metal link chain export price amounted to $24,072 per ton, picking up by 247% against the previous year. Overall, the export price showed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +35.9% per year.
Metal Link Chain Imports in the Philippines
In 2022, approx. 1.4K tons of iron or steel articulated link chain were imported into the Philippines; increasing by 7.7% compared with the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, metal link chain imports contracted modestly to $4.1M in 2022. In general, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports attained the peak of $5M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Metal Link Chain in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,037 | 817 | 853 | 1,200 | 5.0% |
| United Kingdom | 542 | 485 | 261 | 381 | -11.1% |
| Japan | 488 | 668 | 378 | 379 | -8.1% |
| India | 259 | 303 | 152 | 339 | 9.4% |
| South Korea | 104 | 73.9 | 80.8 | 292 | 41.1% |
| Italy | 121 | 169 | 316 | 270 | 30.7% |
| Thailand | 246 | 229 | 229 | 192 | -7.9% |
| Hong Kong SAR | 499 | 920 | 212 | 38.9 | -57.3% |
| Others | 1,129 | 1,287 | 1,762 | 1,017 | -3.4% |
| Total | 4,424 | 4,952 | 4,243 | 4,109 | -2.4% |
Top Suppliers of Metal Link Chain to the Philippines in 2022:
- China (1036.6 tons)
- Italy (57.6 tons)
- United Kingdom (46.9 tons)
- South Korea (39.1 tons)
- India (31.9 tons)
- Thailand (30.4 tons)
- Japan (25.5 tons)
- Hong Kong SAR (4.3 tons)
Metal Link Chain Exports in the Philippines
In 2022, exports of iron or steel articulated link chain from the Philippines contracted significantly to 181 kg, which is down by -98.2% against the previous year's figure. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 4,696% against the previous year. As a result, the exports attained the peak of 10 tons, and then fell significantly in the following year.
In value terms, metal link chain exports reduced remarkably to $4.4K in 2022. In general, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 4,936% against the previous year. As a result, the exports reached the peak of $71K, and then declined notably in the following year.
| Export of Metal Link Chain in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 4.4 | 0% |
| South Korea | N/A | 1.4 | N/A | N/A | 0% |
| Indonesia | N/A | N/A | 0.7 | N/A | 0% |
| Saudi Arabia | N/A | N/A | 9.7 | N/A | 0% |
| Canada | 7.5 | N/A | 51.2 | N/A | 161.3% |
| Others | 2.7 | N/A | 9.2 | N/A | 84.6% |
| Total | 10.3 | 1.4 | 70.9 | 4.4 | -24.7% |
Top Export Markets for Metal Link Chain from the Philippines in 2022:
- United States (181.0 kg)
This report provides an in-depth analysis of the metal link chain 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 28152170 - Iron or steel articulated link chain (excluding roller chain)
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
-
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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