Philippines - Plastic Hoses and Hose Fittings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Plastic Hose and Hose Fitting in the Philippines - 2023
Contents:
- Price for Plastic Hose and Hose Fitting in the Philippines (CIF) - 2022
- Price for Plastic Hose and Hose Fitting in the Philippines (FOB) - 2023
- Imports of Plastic Hose and Hose Fitting in the Philippines
- Exports of Plastic Hose and Hose Fitting in the Philippines
Price for Plastic Hose and Hose Fitting in the Philippines (CIF) - 2022
In 2022, the average import price for plastic hoses and hose fittings amounted to $3,217 per ton, dropping by -13.5% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2016 when the average import price increased by 82% against the previous year. Over the period under review, average import prices attained the peak figure at $6,365 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 the United States ($22,864 per ton), while the price for China ($871 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Plastic Hose and Hose Fitting in the Philippines (FOB) - 2023
In June 2023, the average export price for plastic hoses and hose fittings amounted to $2,220 per ton, picking up by 112% against the previous month. In general, the export price, however, recorded a deep slump. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 219% against the previous month. Over the period under review, the average export prices attained the peak figure at $21,024 per ton in June 2022; however, from July 2022 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Indonesia ($8,122 per ton), while the average price for exports to Japan totaled $2,140 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+7.6%).
Imports of Plastic Hose and Hose Fitting in the Philippines
In 2022, approx. 12K tons of plastic hoses and hose fittings were imported into the Philippines; with a decrease of -14% compared with the previous year. In general, imports continue to indicate a noticeable decline. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of 14K tons, and then fell in the following year.
In value terms, plastic hose and hose fitting imports contracted markedly to $38M in 2022. Over the period under review, imports showed a slight contraction. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports attained the peak of $51M, and then fell rapidly in the following year.
Import of Plastic Hose and Hose Fitting in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 13.2 | 16.5 | 12.8 | 10.6 | -7.1% |
Spain | 3.7 | 5.9 | 15.3 | 8.9 | 34.0% |
China | 9.9 | 7.5 | 9.4 | 7.3 | -9.7% |
South Korea | 1.5 | 3.2 | 1.3 | 1.7 | 4.3% |
Taiwan (Chinese) | 0.6 | 0.6 | 0.8 | 0.7 | 5.3% |
Others | 11.1 | 8.7 | 11.5 | 8.8 | -7.4% |
Total | 40.1 | 42.4 | 51.2 | 38.1 | -1.7% |
Top Suppliers of Plastic Hose and Hose Fitting to the Philippines in 2022:
- China (8.3K tons)
- Japan (0.9K tons)
- South Korea (0.9K tons)
- Spain (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
Exports of Plastic Hose and Hose Fitting in the Philippines
For the third consecutive year, the Philippines recorded decline in shipments abroad of plastic hoses and hose fittings, which decreased by -41.5% to 463 tons in 2022. Over the period under review, exports showed a precipitous slump. The smallest decline of -15.2% was in 2020.
In value terms, plastic hose and hose fitting exports declined markedly to $3.7M in 2022. In general, exports continue to indicate a precipitous descent. The smallest decline of -23.1% was in 2020.
Export of Plastic Hose and Hose Fitting in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 8.3 | 6.8 | 3.3 | 2.2 | -35.8% |
Indonesia | 5.4 | 3.8 | 1.5 | 0.4 | -58.0% |
Thailand | 5.8 | 4.3 | 0.5 | 0.3 | -62.7% |
South Korea | 1.6 | 0.7 | 0.6 | 0.3 | -42.8% |
China | 2.6 | 1.7 | 0.1 | 0.2 | -57.5% |
Malaysia | 2.6 | 2.3 | 0.1 | 0.1 | -66.2% |
Hong Kong SAR | 0.1 | N/A | N/A | N/A | 0% |
Others | 3.6 | 3.3 | 0.6 | 0.2 | -61.8% |
Total | 29.9 | 23.0 | 6.8 | 3.7 | -50.2% |
Top Export Markets for Plastic Hose and Hose Fitting from the Philippines in 2022:
- Japan (139.4 tons)
- Hong Kong SAR (133.1 tons)
- Indonesia (70.4 tons)
- China (35.9 tons)
- Thailand (24.0 tons)
- Malaysia (23.7 tons)
- South Korea (14.3 tons)
This report provides an in-depth analysis of the market for plastic hose and hose fitting 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 22212920 - Flexible tubes, pipes and hoses of plastics, with a burst pressure . .27,6 MPa
- Prodcom 22212935 - Flexible tubes, pipes and hoses of plastics, not reinforced or otherwise combined with other materials, without fittings
- Prodcom 22212937 - Flexible tubes, pipes and hoses of plastics, not reinforced or otherwise combined with other materials, with fittings, seals or connectors
- Prodcom 22212950 - Plastic tubes, pipes and hoses (excluding artificial guts, s ausage skins, rigid, flexible tubes and pipes having a minimum burst pressure of .27,6 MPa)
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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