Philippines - Rubber Tubing Not Reinforced - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Reinforced Rubber Tubing Price in the Philippines - 2023
Contents:
- Non-Reinforced Rubber Tubing Price in the Philippines (CIF) - 2023
- Non-Reinforced Rubber Tubing Price in the Philippines (FOB) - 2022
- Non-Reinforced Rubber Tubing Imports in the Philippines
- Non-Reinforced Rubber Tubing Exports in the Philippines
Non-Reinforced Rubber Tubing Price in the Philippines (CIF) - 2023
The average non-reinforced rubber tubing import price stood at $3,514 per ton in June 2023, picking up by 47% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 54% m-o-m. Over the period under review, average import prices attained the peak figure at $5,166 per ton in September 2022; however, from October 2022 to June 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the countries with the highest prices were Sri Lanka ($4,146 per ton) and Vietnam ($4,020 per ton), while the price for China ($2,929 per ton) and Malaysia ($3,204 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Reinforced Rubber Tubing Price in the Philippines (FOB) - 2022
The average non-reinforced rubber tubing export price stood at $10,428 per ton in 2022, falling by -5.2% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $16,393 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($21,344 per ton), while the average price for exports to Singapore ($3,933 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 Australia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Reinforced Rubber Tubing Imports in the Philippines
In 2022, imports of rubber tubing not reinforced into the Philippines soared to 1.7K tons, picking up by 29% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, non-reinforced rubber tubing imports skyrocketed to $6.1M in 2022. Over the period under review, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.5% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Non-Reinforced Rubber Tubing in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 3.3 | 1.8 | 2.5 | 3.2 | -1.0% |
| China | 1.3 | 0.6 | 1.2 | 1.4 | 2.5% |
| Japan | 0.6 | 0.9 | 0.4 | 0.4 | -12.6% |
| Others | 0.7 | 0.5 | 0.5 | 1.0 | 12.6% |
| Total | 5.9 | 3.8 | 4.5 | 6.1 | 1.1% |
Top Suppliers of Non-Reinforced Rubber Tubing to the Philippines in 2022:
- Malaysia (1088.9 tons)
- China (474.9 tons)
- Japan (29.9 tons)
Non-Reinforced Rubber Tubing Exports in the Philippines
In 2022, approx. 134 tons of rubber tubing not reinforced were exported from the Philippines; surging by 5.4% against the previous year. The total export volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-reinforced rubber tubing exports contracted slightly to $1.4M in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 0.2% against the previous year.
| Export of Non-Reinforced Rubber Tubing in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 606 | 681 | 638 | 683 | 4.1% |
| Australia | 49.1 | 113 | 255 | 234 | 68.3% |
| Brazil | 458 | 331 | 262 | 227 | -20.9% |
| Singapore | 66.7 | 42.3 | 17.5 | 39.7 | -15.9% |
| Taiwan (Chinese) | 25.4 | 36.4 | 3.5 | 20.1 | -7.5% |
| South Korea | 31.8 | 13.5 | 12.0 | 11.9 | -27.9% |
| Others | 159 | 181 | 213 | 183 | 4.8% |
| Total | 1,396 | 1,398 | 1,400 | 1,399 | 0.1% |
Top Export Markets for Non-Reinforced Rubber Tubing from the Philippines in 2022:
- Japan (86.6 tons)
- Australia (15.4 tons)
- Brazil (10.6 tons)
- Singapore (10.1 tons)
- Taiwan (Chinese) (1.7 tons)
- South Korea (0.9 tons)
This report provides an in-depth analysis of the non-reinforced rubber tubing 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 22193030 - Rubber tubing not reinforced
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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