Philippines - Non-Alloy Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNon-Alloy Aluminium Bar Price in the Philippines - 2023
Contents:
- Non-Alloy Aluminium Bar Price in the Philippines (FOB) - 2023
- Non-Alloy Aluminium Bar Price in the Philippines (CIF) - 2022
- Non-Alloy Aluminium Bar Exports in the Philippines
- Non-Alloy Aluminium Bar Imports in the Philippines
Non-Alloy Aluminium Bar Price in the Philippines (FOB) - 2023
In June 2023, the average non-alloy aluminium bar export price amounted to $2,580 per ton, falling by -3.2% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 23% month-to-month. Over the period under review, the average export prices attained the peak figure at $2,923 per ton in April 2023; however, from May 2023 to June 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From June 2022 to June 2023, the rate of growth in terms of prices for Taiwan (Chinese) amounted to 0.0% per month.
Non-Alloy Aluminium Bar Price in the Philippines (CIF) - 2022
The average non-alloy aluminium bar import price stood at $4,199 per ton in 2022, picking up by 15% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-alloy aluminium bar import price increased by +43.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($9,694 per ton), while the price for Indonesia ($2,665 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Alloy Aluminium Bar Exports in the Philippines
In 2022, shipments abroad of non-alloy aluminium bars, rods and profiles decreased by -26.9% to 22K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 65%.
In value terms, non-alloy aluminium bar exports contracted sharply to $64M in 2022. In general, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 165%.
| Export of Non-Alloy Aluminium Bar in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 25.6 | 70.3 | 96.9 | 63.3 | 35.2% |
| Others | 1.2 | 0.4 | 0.7 | 0.4 | -30.7% |
| Total | 26.7 | 70.7 | 97.5 | 63.7 | 33.6% |
Top Export Markets for Non-Alloy Aluminium Bar from the Philippines in 2022:
- Japan (21.7K tons)
Non-Alloy Aluminium Bar Imports in the Philippines
In 2022, the amount of non-alloy aluminium bars, rods and profiles imported into the Philippines reduced notably to 1.6K tons, which is down by -24.8% compared with the previous year's figure. Over the period under review, imports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 2.8%.
In value terms, non-alloy aluminium bar imports reduced to $6.7M in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year.
| Import of Non-Alloy Aluminium Bar in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 756 | 243 | 1,875 | 1,525 | 26.4% |
| Japan | 1,483 | 1,147 | 1,678 | 1,364 | -2.7% |
| Malaysia | 1,887 | 1,128 | 1,354 | 1,101 | -16.4% |
| China | 1,372 | 881 | 665 | 700 | -20.1% |
| Taiwan (Chinese) | 1,069 | 1,152 | 585 | 672 | -14.3% |
| Indonesia | 413 | 663 | 587 | 477 | 4.9% |
| Bahrain | 359 | 396 | 470 | 382 | 2.1% |
| Others | 590 | 475 | 603 | 519 | -4.2% |
| Total | 7,929 | 6,085 | 7,816 | 6,741 | -5.3% |
Top Suppliers of Non-Alloy Aluminium Bar to the Philippines in 2022:
- Thailand (443.1 tons)
- Malaysia (321.4 tons)
- China (202.1 tons)
- Indonesia (178.9 tons)
- Japan (140.7 tons)
- Taiwan (Chinese) (127.8 tons)
- Bahrain (124.8 tons)
This report provides an in-depth analysis of the non-alloy aluminium bar 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 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
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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