Philippines - Plastic Fittings For Tubes, Pipes and Hoses - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Plastic Fittings for Tubes, Pipes and Hoses in the Philippines - 2023
Contents:
- Price for Plastic Fittings for Tubes, Pipes and Hoses in the Philippines (FOB) - 2023
- Price for Plastic Fittings for Tubes, Pipes and Hoses in the Philippines (CIF) - 2022
- Exports of Plastic Fittings for Tubes, Pipes and Hoses in the Philippines
- Imports of Plastic Fittings for Tubes, Pipes and Hoses in the Philippines
Price for Plastic Fittings for Tubes, Pipes and Hoses in the Philippines (FOB) - 2023
The average export price for plastic fittings for tubes, pipes and hoses stood at $10,275 per ton in September 2023, which is down by -4.4% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 14% m-o-m. As a result, the export price attained the peak level of $12,846 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Japan.
From September 2022 to September 2023, the rate of growth in terms of prices for Japan amounted to -0.8% per month.
Price for Plastic Fittings for Tubes, Pipes and Hoses in the Philippines (CIF) - 2022
The average import price for plastic fittings for tubes, pipes and hoses stood at $2,408 per ton in 2022, rising by 25% against the previous year. Overall, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2015 an increase of 50% against the previous year. Over the period under review, average import prices hit record highs at $3,135 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($17,597 per ton), while the price for China ($1,126 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Plastic Fittings for Tubes, Pipes and Hoses in the Philippines
In 2022, shipments abroad of plastic fittings for tubes, pipes and hoses decreased by -13.8% to 9.5K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 353%.
In value terms, exports of plastic fittings for tubes, pipes and hoses declined dramatically to $116M in 2022. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when exports increased by 543%.
| Export of Plastic Fittings for Tubes, Pipes and Hoses in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.6 | 81.3 | 163 | 116 | 109.6% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 12.7 | 81.4 | 163 | 116 | 109.0% |
Top Export Markets for Plastic Fittings for Tubes, Pipes and Hoses from the Philippines in 2022:
- Japan (9.5K tons)
Imports of Plastic Fittings for Tubes, Pipes and Hoses in the Philippines
In 2022, imports of plastic fittings for tubes, pipes and hoses into the Philippines reduced rapidly to 8.6K tons, waning by -28.1% compared with 2021. Overall, total imports indicated notable growth from 2019 to 2022: its volume increased at an average annual rate of +3.2% 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 +20.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 67% against the previous year. As a result, imports attained the peak of 12K tons, and then dropped sharply in the following year.
In value terms, imports of plastic fittings for tubes, pipes and hoses contracted to $21M in 2022. In general, imports saw a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of $23M, and then shrank in the following year.
| Import of Plastic Fittings for Tubes, Pipes and Hoses in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.5 | 6.9 | 11.3 | 8.0 | -2.0% |
| Malaysia | 1.9 | 2.1 | 2.5 | 2.9 | 15.1% |
| Japan | 2.3 | 4.5 | 3.2 | 2.3 | 0.0% |
| Taiwan (Chinese) | 2.0 | 0.2 | 0.2 | 0.2 | -53.6% |
| Others | 7.3 | 5.7 | 5.7 | 7.2 | -0.5% |
| Total | 21.9 | 19.5 | 22.9 | 20.6 | -2.0% |
Top Suppliers of Plastic Fittings for Tubes, Pipes and Hoses to the Philippines in 2022:
- China (7.1K tons)
- Malaysia (0.6K tons)
- Japan (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
This report provides an in-depth analysis of the market for plastic fittings for tubes, pipes and hoses 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 22212970 - Fittings, e.g. joints, elbows, flanges, of plastics, for tubes, p ipes and hoses
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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