Philippines - Iron Or Steel Screw Hooks And Screw Rings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Screw Hook Price in the Philippines - 2023
Contents:
- Metal Screw Hook Price in the Philippines (CIF) - 2022
- Metal Screw Hook Price in the Philippines (FOB) - 2022
- Metal Screw Hook Imports in the Philippines
- Metal Screw Hook Exports in the Philippines
Metal Screw Hook Price in the Philippines (CIF) - 2022
The average metal screw hook import price stood at $2,687 per ton in 2022, surging by 12% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal screw hook import price increased by +10.3% against 2019 indices. The growth pace was the most rapid in 2018 when the average import price increased by 46% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Singapore ($21,152 per ton), while the price for Japan ($1,398 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Screw Hook Price in the Philippines (FOB) - 2022
In 2022, the average metal screw hook export price amounted to $4,952 per ton, increasing by 17% against the previous year. In general, the export price recorded a moderate increase. The most prominent rate of growth was recorded in 2016 an increase of 62%. The export price peaked at $7,328 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($16,348 per ton), while the average price for exports to Guam ($487 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 (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Screw Hook Imports in the Philippines
In 2022, overseas purchases of iron or steel screw hooks and screw rings decreased by -48.4% to 385 tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 9.7%. As a result, imports attained the peak of 803 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, metal screw hook imports contracted sharply to $1M in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 7.2%. As a result, imports attained the peak of $1.8M, and then dropped significantly in the following year.
| Import of Metal Screw Hook in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 355 | 640 | 582 | 401 | 4.1% |
| Japan | 372 | 343 | 357 | 170 | -23.0% |
| South Korea | 76.9 | 63.5 | 55.0 | 123 | 16.9% |
| Taiwan (Chinese) | 75.1 | 138 | 223 | 113 | 14.6% |
| Others | 905 | 494 | 582 | 226 | -37.0% |
| Total | 1,784 | 1,678 | 1,798 | 1,034 | -16.6% |
Top Suppliers of Metal Screw Hook to the Philippines in 2022:
- China (224.6 tons)
- Japan (121.9 tons)
- Taiwan (Chinese) (20.7 tons)
- South Korea (8.3 tons)
Metal Screw Hook Exports in the Philippines
For the third consecutive year, the Philippines recorded decline in overseas shipments of iron or steel screw hooks and screw rings, which decreased by -52.4% to 33 tons in 2022. In general, exports saw a precipitous contraction.
In value terms, metal screw hook exports shrank dramatically to $164K in 2022. Overall, exports faced a significant decline.
| Export of Metal Screw Hook in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1,968 | 34.0 | 51.9 | 89.6 | -64.3% |
| Germany | 3,954 | 254 | 84.8 | 44.7 | -77.6% |
| Denmark | 54.0 | 0.2 | N/A | 10.4 | -42.3% |
| United States | N/A | N/A | N/A | 8.6 | 0% |
| Guam | N/A | N/A | N/A | 0.6 | 0% |
| Spain | 285 | N/A | N/A | N/A | 0% |
| China | 287 | 29.5 | N/A | N/A | -89.7% |
| Malaysia | 133 | N/A | N/A | N/A | 0% |
| Finland | 283 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 2,838 | 211 | 98.2 | N/A | -81.4% |
| Others | 794 | 79.0 | 59.1 | 9.7 | -77.0% |
| Total | 10,596 | 608 | 294 | 164 | -75.1% |
Top Export Markets for Metal Screw Hook from the Philippines in 2022:
- Italy (19.2 tons)
- Germany (9.9 tons)
- Denmark (1.7 tons)
- Guam (1.2 tons)
- United States (0.5 tons)
This report provides an in-depth analysis of the metal screw hook 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 25941157 - Iron or steel screw hooks and screw rings
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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