Report Update: May 1, 2024

Philippines - Hot-Rolled Round Bars Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Price for Hot-Rolled Round Stainless Steel in the Philippines - 2023

Price for Hot-Rolled Round Stainless Steel in the Philippines (CIF) - 2023

In July 2023, the average hot-rolled round stainless steel import price amounted to $1,247 per ton, dropping by -22.6% against the previous month. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in August 2022 an increase of 336% month-to-month. Over the period under review, average import prices hit record highs at $8,347 per ton in November 2022; however, from December 2022 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Japan ($4,038 per ton), while the price for China stood at $780 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Hot-Rolled Round Stainless Steel in the Philippines (FOB) - 2022

In 2022, the average hot-rolled round stainless steel export price amounted to $4,664 per ton, rising by 54% against the previous year. Overall, the export price enjoyed a temperate expansion. The pace of growth was the most pronounced in 2021 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -5.2% per year.

Imports of Hot-Rolled Round Stainless Steel in the Philippines

In 2022, overseas purchases of hot-rolled round bars of stainless steel decreased by -35.8% to 787 tons, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp contraction. The pace of growth was the most pronounced in 2020 with an increase of 27%. As a result, imports reached the peak of 2.2K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hot-rolled round stainless steel imports soared to $4.2M in 2022. In general, imports, however, enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Hot-Rolled Round Stainless Steel in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	876	682	387	491	-17.5%
Japan	239	252	611	400	18.7%
India	83.6	37.9	4.7	N/A	-76.3%
Others	353	204	242	3,344	111.6%
Total	1,551	1,176	1,244	4,235	39.8%

Top Suppliers of Hot-Rolled Round Stainless Steel to the Philippines in 2022:

China (563.1 tons)
Japan (297.6 tons)

Exports of Hot-Rolled Round Stainless Steel in the Philippines

In 2022, the amount of hot-rolled round bars of stainless steel exported from the Philippines plummeted to 640 kg, falling by -89.4% against the year before. Over the period under review, exports saw a precipitous contraction. The smallest decline of -35.5% was in 2020.

In value terms, hot-rolled round stainless steel exports contracted rapidly to $3K in 2022. Overall, exports continue to indicate a sharp reduction. The smallest decline of -33.4% was in 2021.

Export of Hot-Rolled Round Stainless Steel in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	42.0	24.3	12.9	3.0	-58.5%
Germany	N/A	N/A	1.3	N/A	0%
Micronesia	2.8	2.5	2.2	N/A	-11.4%
Palau	0.7	0.6	0.6	N/A	-7.4%
Others	N/A	N/A	1.3	N/A	0%
Total	45.4	27.4	18.3	3.0	-59.6%

Top Export Markets for Hot-Rolled Round Stainless Steel from the Philippines in 2022:

Japan (640.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for hot-rolled round stainless steel 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 24106410 - Hot-rolled round bars, of stainless steel

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023