Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines - 2023
Contents:
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (CIF) - 2022
- Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (FOB) - 2022
- Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
- Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $726 per ton, rising by 2.8% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses increased by +54.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 an increase of 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($782 per ton) and South Korea ($746 per ton), while the price for Russia ($703 per ton) and China ($711 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses amounted to $983 per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by 1,432%. As a result, the export price attained the peak level of $33,215 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($1,364 per ton), while the average price for exports to Japan ($649 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palau (+49.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
In 2022, approx. 523K tons of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses were imported into the Philippines; growing by 22% on 2021. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.6% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 72% against the previous year. As a result, imports reached the peak of 685K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses soared to $380M in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.0% 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 +81.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 54%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 0.3 | 62.7 | 92.9 | 118 | 632.7% |
| Malaysia | 123 | 156 | 87.4 | 111 | -3.4% |
| China | 66.0 | 14.4 | 9.7 | 104 | 16.4% |
| Vietnam | 4.3 | 35.3 | 99.9 | 33.1 | 97.4% |
| Taiwan (Chinese) | 2.0 | 4.3 | 4.3 | 7.6 | 56.0% |
| Russia | 9.8 | 4.1 | 6.2 | 3.4 | -29.7% |
| South Korea | 1.0 | 20.5 | 1.5 | 0.5 | -20.6% |
| Others | 2.5 | 25.7 | 2.0 | 2.8 | 3.8% |
| Total | 209 | 323 | 304 | 380 | 22.1% |
Top Suppliers of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the Philippines in 2022:
- Indonesia (163.4K tons)
- Malaysia (150.6K tons)
- China (146.0K tons)
- Vietnam (45.5K tons)
- Taiwan (Chinese) (9.7K tons)
- Russia (4.9K tons)
- South Korea (0.6K tons)
Exports of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
For the third consecutive year, the Philippines recorded decline in shipments abroad of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses, which decreased by 0% to 54 tons in 2022. Overall, exports showed a significant expansion. The smallest decline of -99.1% was in 2020. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of iron or non-alloy steel; bars and rods, hot-rolled, in irregularly wound coilses totaled $53K in 2022. Over the period under review, exports showed a pronounced decline. The smallest decline of -85.5% was in 2020.
| Export of Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 33.7 | 0% |
| Japan | 56.6 | N/A | N/A | 17.6 | -32.3% |
| Micronesia | N/A | N/A | N/A | 1.4 | 0% |
| Others | N/A | 8.2 | N/A | 0.1 | -89.0% |
| Total | 56.6 | 8.2 | N/A | 52.8 | -2.3% |
Top Export Markets for Iron or Non-Alloy Steel; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the Philippines in 2022:
- Japan (27.1 tons)
- Thailand (24.7 tons)
- Micronesia (1.5 tons)
1302
This report provides an in-depth analysis of the market for hot-rolled steel bar and rod in the Philippines.
431
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod in the Philippines.
282
This report provides an in-depth analysis of the hot-rolled wire rod market in the Philippines.
337
This report provides an in-depth analysis of the market for tyre cord wire rod in the Philippines.
402
This report provides an in-depth analysis of the market for free-cutting steel wire rod in the Philippines.
423
This report provides an in-depth analysis of the market for concrete reinforcing wire rod in the Philippines.
167
This report provides an in-depth analysis of the market for hot-rolled non-alloy steel wire rod in the Philippines.
1677
This report provides an in-depth analysis of the global market for hot-rolled steel bar and rod.
591
This report provides an in-depth analysis of the global market for deformed non-alloy steel wire rod.
384
Global Hot-Rolled Wire Rod Market Report 2018. This report provides an in-depth analysis of the global hot-rolled wire rod market.
141
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1458
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4280
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1149
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
249
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
141
Explore the top import markets for hot-rolled steel bar and rod based on data from IndexBox. Find out which countries lead the global import market for these essential materials.
1458
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
4280
Global iron bar imports totaled X tons in 2016, approximately mirroring the previous year figure. In general, iron bar imports continue to indicate a relatively flat trend pattern. The growth pace...
1149
China dominates in the global bars and rods of iron or steel trade. In 2014, China exported X thousand tons of bars and rods of iron or steel totaling X million USD, X% over the previous year. Its primary trading partner was the Republic o
249
Explore the top import markets for hot-rolled non-alloy steel wire rod including the United States, Germany, Netherlands, and more. Understand the demand and key statistics in these global markets.
