Price for Aluminium; Tubes and Pipes in the Philippines - 2023

Contents:

1. Price for Aluminium; Tubes and Pipes in the Philippines (CIF) - 2023
2. Price for Aluminium; Tubes and Pipes in the Philippines (FOB) - 2022
3. Imports of Aluminium; Tubes and Pipes in the Philippines
4. Exports of Aluminium; Tubes and Pipes in the Philippines

Price for Aluminium; Tubes and Pipes in the Philippines (CIF) - 2023

In June 2023, the average aluminium; tubes and pipes import price amounted to $8,387 per ton, surging by 9% against the previous month. Over the period under review, the import price, however, recorded a mild slump. The most prominent rate of growth was recorded in November 2022 an increase of 76% m-o-m. The import price peaked at $11,275 per ton in July 2022; however, from August 2022 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Taiwan (Chinese) ($24,828 per ton), while the price for China ($3,466 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Tubes and Pipes in the Philippines (FOB) - 2022

The average aluminium; tubes and pipes export price stood at $24,609 per ton in 2022, which is down by -3.1% against the previous year. Over the period under review, the export price, however, posted notable growth. The most prominent rate of growth was recorded in 2020 an increase of 256%. Over the period under review, the average export prices attained the maximum at $26,425 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($28,032 per ton), while the average price for exports to Micronesia ($980 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Tubes and Pipes in the Philippines

Aluminium; tubes and pipes imports into the Philippines fell rapidly to 1.8K tons in 2022, shrinking by -38.9% compared with the year before. In general, imports, however, continue to indicate mild growth. The most prominent rate of growth was recorded in 2021 when imports increased by 80%. As a result, imports attained the peak of 2.9K tons, and then shrank rapidly in the following year.

In value terms, aluminium; tubes and pipes imports declined remarkably to $15M in 2022. Overall, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of 142% against the previous year. As a result, imports attained the peak of $21M, and then contracted markedly in the following year.

Top Suppliers of Aluminium; Tubes and Pipes to the Philippines in 2022:

1. South Korea (830.8 tons)
2. China (458.6 tons)
3. Japan (297.8 tons)
4. Taiwan (Chinese) (132.5 tons)

Exports of Aluminium; Tubes and Pipes in the Philippines

In 2022, shipments abroad of aluminium; tubes and pipeses was finally on the rise to reach 931 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a sharp decline.

In value terms, aluminium; tubes and pipes exports expanded sharply to $23K in 2022. Overall, exports, however, showed a sharp decrease.

Top Export Markets for Aluminium; Tubes and Pipes from the Philippines in 2022:

1. Japan (787.0 kg)
2. Micronesia (99.0 kg)
3. China (27.0 kg)

Source: IndexBox Market Intelligence Platform