Price for Metal-Rolling Mills; Tube Mills in the Philippines - 2023
Contents:
- Price for Metal-Rolling Mills; Tube Mills in the Philippines (CIF) - 2022
- Imports of Metal-Rolling Mills; Tube Mills in the Philippines
Price for Metal-Rolling Mills; Tube Mills in the Philippines (CIF) - 2022
The average metal-rolling mills; tube mills import price stood at $2,025 per unit in 2022, with a decrease of -29.7% against the previous year. Overall, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of 89% against the previous year. As a result, import price reached the peak level of $2,880 per unit, and then declined rapidly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,160 per unit), while the price for China totaled $2,010 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+16.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Metal-Rolling Mills; Tube Mills in the Philippines
For the third consecutive year, the Philippines recorded decline in overseas purchases of metal-rolling mills; tube millses, which decreased by -29.5% to 719 units in 2022. Overall, imports faced a dramatic curtailment. Over the period under review, imports hit record highs at 8.1K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, metal-rolling mills; tube mills imports fell sharply to $1.5M in 2022. In general, imports continue to indicate a dramatic shrinkage. The smallest decline of -39.3% was in 2021. Imports peaked at $16M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Metal-Rolling Mills; Tube Mills in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.1 | 1.5 | 1.2 | 1.0 | -3.1% |
| Taiwan (Chinese) | 0.2 | N/A | N/A | 0.4 | 26.0% |
| Thailand | 5.3 | 1.2 | 1.6 | N/A | -45.1% |
| Italy | 6.9 | 2.0 | 0.1 | N/A | -88.0% |
| Others | 2.8 | 0.1 | 0.1 | N/A | -81.1% |
| Total | 16.2 | 4.8 | 2.9 | 1.5 | -54.8% |
Top Suppliers of Metal-Rolling Mills; Tube Mills to the Philippines in 2022:
- China (520.0 units)
- Taiwan (Chinese) (188.0 units)
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