Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in the Philippines - 2023
Contents:
- Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in the Philippines (CIF) - 2022
- Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in the Philippines
Price for Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in the Philippines (CIF) - 2022
The average import price for copper; bars, rods and profiles, of copper-zinc base alloys (brass)s stood at $9,334 per ton in 2022, growing by 9.3% against the previous year. Over the period under review, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2014 an increase of 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($13,178 per ton), while the price for India ($3,406 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in the Philippines
In 2022, the amount of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s imported into the Philippines amounted to 509 tons, surging by 4.7% on 2021 figures. Over the period under review, total imports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 95% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of copper; bars, rods and profiles, of copper-zinc base alloys (brass)s rose remarkably to $4.8M in 2022. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 137% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 721 | 585 | 1,652 | 2,171 | 44.4% |
| Taiwan (Chinese) | 819 | 257 | 1,156 | 1,650 | 26.3% |
| China | 902 | 442 | 772 | 524 | -16.6% |
| United States | 11.6 | 104 | 90.1 | 152 | 135.8% |
| Indonesia | N/A | N/A | N/A | 90.5 | 0% |
| India | 15.1 | N/A | 6.0 | 75.9 | 71.3% |
| South Korea | 211 | 161 | 147 | 30.0 | -47.8% |
| Hong Kong SAR | 0.7 | 164 | 288 | 10.6 | 147.4% |
| Others | 67.2 | 39.3 | 40.0 | 49.2 | -9.9% |
| Total | 2,747 | 1,752 | 4,152 | 4,752 | 20.0% |
Top Suppliers of Copper; Bars, Rods and Profiles, of Copper-Zinc Base Alloys (Brass) to the Philippines in 2022:
- Japan (227.4 tons)
- Taiwan (Chinese) (172.4 tons)
- China (61.7 tons)
- India (22.3 tons)
- Indonesia (11.3 tons)
- United States (7.4 tons)
- South Korea (2.3 tons)
- Hong Kong SAR (0.7 tons)
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