Philippines - Prepared Binders For Foundry Moulds Or Cores - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrepared Binders Price in the Philippines - 2023
Contents:
- Prepared Binders Price in the Philippines (CIF) - 2022
- Prepared Binders Price in the Philippines (FOB) - 2022
- Prepared Binders Imports in the Philippines
- Prepared Binders Exports in the Philippines
Prepared Binders Price in the Philippines (CIF) - 2022
In 2022, the average prepared binders import price amounted to $2,316 per ton, approximately equating the previous year. Over the period under review, the import price, however, showed a pronounced increase. The pace of growth was the most pronounced in 2020 an increase of 110% against the previous year. As a result, import price reached the peak level of $2,942 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
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 ($5,110 per ton), while the price for Taiwan (Chinese) ($516 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Prepared Binders Price in the Philippines (FOB) - 2022
In 2022, the average prepared binders export price amounted to $101 per ton, growing by 70% against the previous year. Over the period under review, the export price, however, showed a precipitous decrease. Over the period under review, the average export prices reached the peak figure at $20,814 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for India.
From 2015 to 2022, the rate of growth in terms of prices for India amounted to +12.5% per year.
Prepared Binders Imports in the Philippines
In 2022, approx. 1.3K tons of prepared binders for foundry moulds or cores were imported into the Philippines; jumping by 39% on the previous year. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 129% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, prepared binders imports surged to $2.9M in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 122%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Prepared Binders in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 62.6 | 550 | 689 | 1,195 | 167.3% |
| Malaysia | 145 | 109 | 487 | 845 | 80.0% |
| Indonesia | 17.5 | 37.5 | 110 | 190 | 121.4% |
| Thailand | 51.6 | 159 | 84.8 | 168 | 48.2% |
| Taiwan (Chinese) | 34.8 | 13.9 | 67.3 | 117 | 49.8% |
| China | 35.5 | 54.6 | 61.5 | 107 | 44.5% |
| South Korea | 42.5 | 11.5 | 45.1 | 78.3 | 22.6% |
| Vietnam | 17.2 | 4.2 | 42.7 | 74.0 | 62.6% |
| Denmark | N/A | 71.7 | 447 | N/A | 523.4% |
| Israel | 35.3 | N/A | N/A | N/A | 0% |
| Others | 82.8 | 152 | 87.2 | 142 | 19.7% |
| Total | 525 | 1,163 | 2,121 | 2,914 | 77.1% |
Top Suppliers of Prepared Binders to the Philippines in 2022:
- Japan (233.8 tons)
- Malaysia (228.0 tons)
- Taiwan (Chinese) (226.2 tons)
- China (187.0 tons)
- Vietnam (98.1 tons)
- Indonesia (77.7 tons)
- South Korea (70.9 tons)
- Thailand (67.4 tons)
Prepared Binders Exports in the Philippines
After three years of growth, shipments abroad of prepared binders for foundry moulds or cores decreased by -16.4% to 900 tons in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 122% against the previous year.
In value terms, prepared binders exports skyrocketed to $91K in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 122%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Prepared Binders in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 16.6 | 42.1 | 61.6 | 91.0 | 76.3% |
| Others | 2.4 | N/A | 2.6 | N/A | 4.1% |
| Total | 19.0 | 42.1 | 64.2 | 91.0 | 68.6% |
Top Export Markets for Prepared Binders from the Philippines in 2022:
- India (900.2 tons)
This report provides an in-depth analysis of the prepared binders 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 20595720 - Prepared binders for foundry moulds or cores
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
-
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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