Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines - 2024
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines (FOB) - 2022
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines (CIF) - 2024
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines (FOB) - 2022
The average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $5,242 per ton in 2022, with an increase of 11% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($7,823 per ton), while the average price for exports to South Korea ($2,445 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines (CIF) - 2024
The average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $19,798 per ton in December 2023, growing by 3.8% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 46% month-to-month. As a result, import price reached the peak level of $25,293 per ton. From March 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($80,433 per ton), while the price for China ($11,794 per ton) was amongst the lowest.
From January 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Singapore (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines
In 2022, the amount of insulated electric conductors for a voltage under 1000 v, fitted with connectors exported from the Philippines reached 49K tons, growing by 3.2% on the previous year. The total export volume increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors rose sharply to $256M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 61%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 57.0 | 46.8 | 93.3 | 109 | 24.1% |
| Japan | 35.1 | 26.9 | 35.9 | 39.1 | 3.7% |
| Vietnam | 11.3 | 9.8 | 15.5 | 22.7 | 26.2% |
| China | 22.3 | 16.1 | 20.4 | 21.5 | -1.2% |
| South Korea | 9.8 | 7.5 | 16.0 | 16.8 | 19.7% |
| Mexico | 11.0 | 7.5 | 11.9 | 14.9 | 10.6% |
| Germany | 4.8 | 4.9 | 6.6 | 7.1 | 13.9% |
| Others | 25.5 | 20.8 | 25.8 | 24.3 | -1.6% |
| Total | 177 | 140 | 225 | 256 | 13.1% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from the Philippines in 2022:
- United States (21.1K tons)
- South Korea (6.9K tons)
- Japan (6.5K tons)
- Vietnam (4.1K tons)
- China (3.2K tons)
- Mexico (1.9K tons)
- Germany (1.2K tons)
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines
In 2022, supplies from abroad of insulated electric conductors for a voltage under 1000 v, fitted with connectors was finally on the rise to reach 13K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a perceptible curtailment.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors fell to $223M in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 136 | 116 | 124 | 125 | -2.8% |
| Hong Kong SAR | 58.7 | 26.9 | 32.6 | 20.4 | -29.7% |
| Vietnam | 4.0 | 6.2 | 20.8 | 19.1 | 68.4% |
| United States | 8.1 | 11.3 | 14.7 | 17.1 | 28.3% |
| Singapore | 14.7 | 11.2 | 13.9 | 8.0 | -18.4% |
| South Korea | 5.5 | 5.5 | 4.9 | 3.5 | -14.0% |
| Indonesia | 9.5 | 7.3 | 4.8 | 2.4 | -36.8% |
| Others | 42.8 | 33.0 | 27.1 | 27.3 | -13.9% |
| Total | 280 | 217 | 243 | 223 | -7.3% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to the Philippines in 2022:
- China (8.5K tons)
- Hong Kong SAR (2.5K tons)
- Vietnam (0.5K tons)
- United States (0.3K tons)
- Singapore (0.2K tons)
- Indonesia (0.2K tons)
- South Korea (0.2K tons)
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