Price for Aluminium; Alloys, Hollow Profiles in the Philippines - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in the Philippines (FOB) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in the Philippines (CIF) - 2023
- Exports of Aluminium; Alloys, Hollow Profiles in the Philippines
- Imports of Aluminium; Alloys, Hollow Profiles in the Philippines
Price for Aluminium; Alloys, Hollow Profiles in the Philippines (FOB) - 2023
The average aluminium; alloys, hollow profiles export price stood at $4,316 per ton in May 2023, leveling off at the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 11% m-o-m. The export price peaked at $4,575 per ton in January 2023; however, from February 2023 to May 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From May 2022 to May 2023, the rate of growth in terms of prices for Japan amounted to +0.2% per month.
Price for Aluminium; Alloys, Hollow Profiles in the Philippines (CIF) - 2023
The average aluminium; alloys, hollow profiles import price stood at $2,772 per ton in May 2023, which is down by -11.4% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 94% m-o-m. As a result, import price attained the peak level of $5,020 per ton. From October 2022 to May 2023, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From May 2022 to May 2023, the rate of growth in terms of prices for China amounted to +0.9% per month.
Exports of Aluminium; Alloys, Hollow Profiles in the Philippines
Aluminium; alloys, hollow profiles exports from the Philippines surged to 10K tons in 2022, increasing by 47% on the previous year. Overall, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 10,824% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, aluminium; alloys, hollow profiles exports soared to $46M in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 6,915% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Aluminium; Alloys, Hollow Profiles in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 18.6 | 35.0 | 43.3 | 52.6% |
| United States | 0.3 | 2.9 | 0.5 | 2.1 | 91.3% |
| Others | N/A | 0.4 | 0.2 | 0.4 | 0.0% |
| Total | 0.3 | 21.9 | 35.8 | 45.7 | 434.1% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from the Philippines in 2022:
- Japan (10.1K tons)
- United States (0.2K tons)
Imports of Aluminium; Alloys, Hollow Profiles in the Philippines
In 2022, after two years of decline, there was significant growth in purchases abroad of aluminium; alloys, hollow profileses, when their volume increased by 26% to 6.3K tons. Overall, imports, however, continue to indicate a mild setback.
In value terms, aluminium; alloys, hollow profiles imports surged to $18M in 2022. In general, imports, however, recorded a pronounced slump.
| Import of Aluminium; Alloys, Hollow Profiles in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.5 | 12.2 | 10.5 | 14.4 | -6.3% |
| Vietnam | 0.2 | N/A | 0.2 | 1.7 | 104.1% |
| Thailand | 0.1 | 0.1 | 0.4 | 0.5 | 71.0% |
| Others | 1.8 | 1.3 | 1.6 | 1.4 | -8.0% |
| Total | 19.6 | 13.6 | 12.7 | 18.0 | -2.8% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to the Philippines in 2022:
- China (5.7K tons)
- Vietnam (0.3K tons)
- Thailand (0.1K tons)
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