Philippines - Extruded Solid Rubber Rods And Profiles - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Extruded Solid Rubber Rod in the Philippines - 2023
Contents:
- Price for Extruded Solid Rubber Rod in the Philippines (FOB) - 2023
- Price for Extruded Solid Rubber Rod in the Philippines (CIF) - 2023
- Exports of Extruded Solid Rubber Rod in the Philippines
- Imports of Extruded Solid Rubber Rod in the Philippines
Price for Extruded Solid Rubber Rod in the Philippines (FOB) - 2023
The average extruded solid rubber rod export price stood at $31,762 per ton in July 2023, reducing by -12.2% against the previous month. In general, export price indicated perceptible growth from July 2022 to July 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, extruded solid rubber rod export price increased by +9.1% against February 2023 indices. The growth pace was the most rapid in September 2022 when the average export price increased by 34% m-o-m. Over the period under review, the average export prices reached the peak figure at $36,180 per ton in June 2023, and then fell in the following month.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Hong Kong SAR ($57,054 per ton), while the average price for exports to Thailand ($8,185 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Extruded Solid Rubber Rod in the Philippines (CIF) - 2023
In July 2023, the average extruded solid rubber rod import price amounted to $1,784 per ton, picking up by 30% against the previous month. Overall, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 180% month-to-month. As a result, import price attained the peak level of $8,961 per ton. From November 2022 to July 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($10,761 per ton), while the price for Malaysia ($632 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Japan (-3.3%), while the prices for the other major suppliers experienced a decline.
Exports of Extruded Solid Rubber Rod in the Philippines
After three years of growth, shipments abroad of extruded solid rubber rods and profiles decreased by -6.3% to 269 tons in 2022. The total export volume increased at an average annual rate of +4.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 17% against the previous year.
In value terms, extruded solid rubber rod exports fell to $3.2M in 2022. The total export value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 32% against the previous year. As a result, the exports attained the peak of $4M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Extruded Solid Rubber Rod in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,033 | 3,075 | 2,134 | 1,947 | -1.4% |
| Hong Kong SAR | 0.1 | 0.1 | 58.9 | 382 | 1463.2% |
| Mexico | 487 | 457 | 418 | 290 | -15.9% |
| Indonesia | 290 | 217 | 155 | 259 | -3.7% |
| Vietnam | 16.3 | 20.6 | 104 | 121 | 95.1% |
| Turkey | N/A | 40.0 | 36.5 | 99.5 | 57.7% |
| Malaysia | 108 | N/A | N/A | N/A | 0% |
| Others | 74.8 | 153 | 688 | 134 | 21.5% |
| Total | 3,009 | 3,964 | 3,594 | 3,233 | 2.4% |
Top Export Markets for Extruded Solid Rubber Rod from the Philippines in 2022:
- Japan (188.6 tons)
- Indonesia (32.5 tons)
- Mexico (16.0 tons)
- Turkey (13.0 tons)
- Hong Kong SAR (6.9 tons)
- Vietnam (5.3 tons)
Imports of Extruded Solid Rubber Rod in the Philippines
Extruded solid rubber rod imports into the Philippines was estimated at 520 tons in 2022, remaining relatively unchanged against the year before. In general, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 11%.
In value terms, extruded solid rubber rod imports dropped to $2M in 2022. Over the period under review, imports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2021 with an increase of 45% against the previous year. As a result, imports reached the peak of $2.3M, and then shrank in the following year.
| Import of Extruded Solid Rubber Rod in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 234 | 454 | 617 | 882 | 55.6% |
| China | 929 | 586 | 996 | 503 | -18.5% |
| South Korea | 50.0 | 57.8 | 44.1 | 150 | 44.2% |
| Thailand | 229 | 78.0 | 231 | 126 | -18.1% |
| Singapore | 66.0 | 10.8 | 59.0 | 35.6 | -18.6% |
| Malaysia | 87.3 | 11.2 | 31.8 | 4.4 | -63.1% |
| Others | 481 | 381 | 311 | 287 | -15.8% |
| Total | 2,077 | 1,579 | 2,290 | 1,988 | -1.4% |
Top Suppliers of Extruded Solid Rubber Rod to the Philippines in 2022:
- China (374.1 tons)
- South Korea (77.5 tons)
- Japan (42.2 tons)
- Singapore (4.7 tons)
- Thailand (4.5 tons)
- Malaysia (0.8 tons)
This report provides an in-depth analysis of the market for extruded solid rubber rod in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22192087 - Extruded solid rubber rods and profiles
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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