Philippines - Plastics Pipes And Pipe Fittings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Plastics Pipe and Pipe Fitting in the Philippines - 2023
Contents:
- Price for Plastics Pipe and Pipe Fitting in the Philippines (FOB) - 2023
- Price for Plastics Pipe and Pipe Fitting in the Philippines (CIF) - 2022
- Exports of Plastics Pipe and Pipe Fitting in the Philippines
- Imports of Plastics Pipe and Pipe Fitting in the Philippines
Price for Plastics Pipe and Pipe Fitting in the Philippines (FOB) - 2023
In July 2023, the average export price for plastics pipes and pipe fittings amounted to $3,086 per ton, reducing by -68.2% against the previous month. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 227% month-to-month. As a result, the export price attained the peak level of $9,707 per ton, and then declined rapidly in the following month.
As there is only one major export destination, the average price level is determined by prices for Japan.
From July 2022 to July 2023, the rate of growth in terms of prices for Japan amounted to -8.6% per month.
Price for Plastics Pipe and Pipe Fitting in the Philippines (CIF) - 2022
In 2022, the average import price for plastics pipes and pipe fittings amounted to $2,792 per ton, jumping by 27% against the previous year. Over the period under review, the import price, however, saw a slight decline. The growth pace was the most rapid in 2016 when the average import price increased by 57% against the previous year. Over the period under review, average import prices reached the peak figure at $4,587 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($14,865 per ton), while the price for China ($1,435 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Plastics Pipe and Pipe Fitting in the Philippines
In 2022, exports of plastics pipes and pipe fittings from the Philippines surged to 24K tons, picking up by 29% on the previous year's figure. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 58%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, plastics pipe and pipe fitting exports shrank sharply to $163M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 160%.
| Export of Plastics Pipe and Pipe Fitting in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 33.6 | 102 | 186 | 151 | 65.0% |
| South Korea | 3.3 | 3.8 | 2.8 | 4.6 | 11.7% |
| Others | 6.3 | 6.0 | 6.9 | 7.8 | 7.4% |
| Total | 43.1 | 112 | 195 | 163 | 55.8% |
Top Export Markets for Plastics Pipe and Pipe Fitting from the Philippines in 2022:
- Japan (22.4K tons)
- South Korea (0.6K tons)
Imports of Plastics Pipe and Pipe Fitting in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of plastics pipes and pipe fittings, when their volume decreased by -14.5% to 26K tons. The total import volume increased at an average annual rate of +7.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29%. As a result, imports reached the peak of 30K tons, and then dropped in the following year.
In value terms, plastics pipe and pipe fitting imports expanded markedly to $72M in 2022. Over the period under review, total imports indicated mild growth from 2019 to 2022: its value increased at an average annual rate of +1.2% 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 decreased by -32.9% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 54%. As a result, imports attained the peak of $108M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Plastics Pipe and Pipe Fitting in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.3 | 16.1 | 25.2 | 24.0 | -0.4% |
| South Korea | 5.9 | 8.6 | 14.1 | 12.5 | 28.4% |
| Japan | 5.6 | 7.9 | 7.8 | 8.3 | 14.0% |
| United States | 8.1 | 38.0 | 1.3 | 4.6 | -17.2% |
| Germany | 2.5 | 1.6 | 2.2 | 4.2 | 18.9% |
| Malaysia | 2.7 | 2.8 | 3.4 | 3.6 | 10.1% |
| Thailand | 0.3 | 2.1 | 2.3 | 1.5 | 71.0% |
| India | 0.4 | 0.5 | 0.8 | 1.4 | 51.8% |
| Taiwan (Chinese) | 2.5 | 1.2 | 0.6 | 0.5 | -41.5% |
| Austria | 11.0 | 23.4 | 0.1 | 0.5 | -64.3% |
| Others | 6.5 | 5.7 | 9.0 | 11.2 | 19.9% |
| Total | 70.0 | 108 | 66.7 | 72.5 | 1.2% |
Top Suppliers of Plastics Pipe and Pipe Fitting to the Philippines in 2022:
- China (16.8K tons)
- South Korea (3.8K tons)
- Malaysia (0.8K tons)
- Thailand (0.7K tons)
- Japan (0.6K tons)
- India (0.6K tons)
- United States (0.5K tons)
- Germany (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
- Austria (0.1K tons)
This report provides an in-depth analysis of the market for plastics pipe and pipe 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 22212153 - Rigid tubes, pipes and hoses of polymers of ethylene
- Prodcom 22212155 - Rigid tubes, pipes and hoses of polymers of propylene
- Prodcom 22212157 - Rigid tubes, pipes and hoses of polymers of vinyl chloride
- Prodcom 22212170 - Rigid tubes, pipes and hoses of plastics (excluding of polymers of ethylene, of polymers of propylene, of polymers of vinyl chloride)
- 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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