Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines - 2023

Contents:

1. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines (FOB) - 2023
2. Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines (CIF) - 2023
3. Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines
4. Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines (FOB) - 2023

The average export price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds stood at $1,875 per ton in December 2023, almost unchanged from the previous month. In general, the export price continues to indicate a mild contraction. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 5.3% m-o-m. Over the period under review, the average export prices reached the peak figure at $2,160 per ton in December 2022; however, from January 2023 to December 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Japan.

From December 2022 to December 2023, the rate of growth in terms of prices for Japan amounted to -1.2% per month.

Price for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines (CIF) - 2023

In December 2023, the average import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds amounted to $8,491 per ton, rising by 66% against the previous month. In general, import price indicated a modest expansion from December 2022 to December 2023: its price increased at an average monthly rate of +1.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds increased by +66.1% against November 2023 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($25,773 per ton), while the price for China ($6,387 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines

In 2022, approx. 19K tons of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds were exported from the Philippines; falling by -2.8% against 2021 figures. Over the period under review, exports recorded a mild descent. The most prominent rate of growth was recorded in 2021 when exports increased by 22%.

In value terms, exports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds contracted to $40M in 2022. Overall, exports showed a noticeable reduction. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports attained the peak of $45M, and then shrank in the following year.

Top Export Markets for Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled from the Philippines in 2022:

1. Japan (19.4K tons)

Imports of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled in the Philippines

For the third year in a row, the Philippines recorded decline in supplies from abroad of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds, which decreased by -6.7% to 2.2K tons in 2022. Over the period under review, imports showed a deep contraction.

In value terms, imports of aluminium; foil, (not backed), of a thickness not exceeding 0.2mm, not rolleds soared to $16M in 2022. In general, imports, however, recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Aluminium; Foil, (Not Backed), of A Thickness Not Exceeding 0.2mm, Not Rolled to the Philippines in 2022:

1. China (1660.6 tons)
2. South Korea (254.1 tons)
3. Austria (177.1 tons)
4. France (39.1 tons)
5. Japan (24.4 tons)
6. Malaysia (15.7 tons)
7. India (7.8 tons)

Source: IndexBox Market Intelligence Platform