Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the Philippines - 2023
Contents:
- Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the Philippines (CIF) - 2022
- Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in the Philippines
Price for Cupro-Nickel and Nickel Silver Tubes and Pipes in the Philippines (CIF) - 2022
In 2022, the average import price for tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) amounted to $7,232 per ton, which is down by -51.4% against the previous year. Over the period under review, the import price continues to indicate a mild downturn. The growth pace was the most rapid in 2018 when the average import price increased by 157%. The import price peaked at $29,347 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($63,435 per ton), while the price for Malaysia ($3,976 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+33.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Cupro-Nickel and Nickel Silver Tubes and Pipes in the Philippines
In 2022, purchases abroad of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) decreased by -41.1% to 2.4 tons, falling for the second consecutive year after two years of growth. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 934% against the previous year. As a result, imports reached the peak of 15 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of tubes and pipes of copper-nickel base alloys (cupro-nickel) or copper-nickel-zinc base alloys (nickel silver) contracted notably to $17K in 2022. Over the period under review, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 1,335%. As a result, imports reached the peak of $440K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Cupro-Nickel and Nickel Silver Tubes and Pipes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 19.5 | 69.3 | 15.5 | 7.9 | -26.0% |
| Japan | 1.8 | 328 | 21.9 | 3.4 | 23.6% |
| Taiwan (Chinese) | 0.7 | 17.8 | 4.7 | 2.9 | 60.6% |
| China | 0.6 | 14.2 | 9.3 | 1.3 | 29.4% |
| Germany | 2.6 | 1.9 | 0.1 | 0.8 | -32.5% |
| Malaysia | 0.9 | 6.2 | 1.3 | 0.7 | -8.0% |
| Others | 4.5 | 2.7 | 7.9 | 0.4 | -55.4% |
| Total | 30.7 | 440 | 60.8 | 17.4 | -17.2% |
Top Suppliers of Cupro-Nickel and Nickel Silver Tubes and Pipes to the Philippines in 2022:
- South Korea (1848.0 kg)
- Malaysia (169.0 kg)
- Japan (148.0 kg)
- China (95.0 kg)
- Germany (79.0 kg)
- Taiwan (Chinese) (46.0 kg)
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