Price for Moulding Boxes; for Metal Foundry in the Philippines - 2023

Contents:

1. Price for Moulding Boxes; for Metal Foundry in the Philippines (CIF) - 2022
2. Price for Moulding Boxes; for Metal Foundry in the Philippines (FOB) - 2022
3. Imports of Moulding Boxes; for Metal Foundry in the Philippines
4. Exports of Moulding Boxes; for Metal Foundry in the Philippines

Price for Moulding Boxes; for Metal Foundry in the Philippines (CIF) - 2022

In 2022, the average import price for moulding boxes; for metal foundries amounted to $10,317 per ton, with a decrease of -35.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average import price increased by 453%. The import price peaked at $19,379 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($20,473 per ton), while the price for Thailand ($6,672 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+22.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Moulding Boxes; for Metal Foundry in the Philippines (FOB) - 2022

In 2022, the average export price for moulding boxes; for metal foundries amounted to $28,942 per ton, reducing by -31.9% against the previous year. In general, the export price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2021 an increase of 62% against the previous year. As a result, the export price attained the peak level of $42,491 per ton, and then contracted remarkably in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($29,000 per ton), while the average price for exports to Japan totaled $28,992 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Moulding Boxes; for Metal Foundry in the Philippines

In 2022, approx. 64 tons of moulding boxes; for metal foundries were imported into the Philippines; rising by 116% on the year before. Overall, imports posted a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 341% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, moulding boxes; for metal foundry imports soared to $659K in 2022. In general, imports posted a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 263%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Moulding Boxes; for Metal Foundry to the Philippines in 2022:

1. Japan (21.6 tons)
2. Vietnam (14.2 tons)
3. Thailand (10.4 tons)
4. Indonesia (8.6 tons)
5. China (8.3 tons)
6. Taiwan (Chinese) (0.3 tons)

Exports of Moulding Boxes; for Metal Foundry in the Philippines

In 2022, after three years of growth, there was significant decline in overseas shipments of moulding boxes; for metal foundries, when their volume decreased by -75.4% to 154 kg. Over the period under review, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 157% against the previous year.

In value terms, moulding boxes; for metal foundry exports shrank sharply to $4.5K in 2022. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2021 with an increase of 302%. As a result, the exports reached the peak of $27K, and then shrank remarkably in the following year.

Top Export Markets for Moulding Boxes; for Metal Foundry from the Philippines in 2022:

1. Japan (123.0 kg)
2. United States (29.0 kg)

Source: IndexBox Market Intelligence Platform