Price for Railway or Tramway Track Constructions of Iron or Steel in the Philippines - 2024
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in the Philippines (CIF) - 2022
- Price for Railway or Tramway Track Constructions of Iron or Steel in the Philippines (FOB) - 2022
- Imports of Railway or Tramway Track Constructions of Iron or Steel in the Philippines
- Exports of Railway or Tramway Track Constructions of Iron or Steel in the Philippines
Price for Railway or Tramway Track Constructions of Iron or Steel in the Philippines (CIF) - 2022
The average import price for railway or tramway track constructions of iron or steel stood at $1,800 per ton in 2022, reducing by -21.9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 101% against the previous year. As a result, import price reached the peak level of $3,217 per ton. From 2018 to 2022, the average import prices remained at a 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 Singapore ($11,068 per ton), while the price for China ($1,301 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Railway or Tramway Track Constructions of Iron or Steel in the Philippines (FOB) - 2022
The average export price for railway or tramway track constructions of iron or steel stood at $2,191 per ton in 2022, with a decrease of -22% against the previous year. Over the period under review, the export price recorded a slight shrinkage. The pace of growth was the most pronounced in 2018 an increase of 34% against the previous year. As a result, the export price reached the peak level of $3,379 per ton. From 2019 to 2022, 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 Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +6.9% per year.
Imports of Railway or Tramway Track Constructions of Iron or Steel in the Philippines
Imports of railway or tramway track constructions of iron or steel into the Philippines contracted significantly to 3.3K tons in 2022, dropping by -60.6% against the year before. Overall, imports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 56%.
In value terms, imports of railway or tramway track constructions of iron or steel declined sharply to $5.9M in 2022. In general, imports continue to indicate a precipitous slump. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year.
| Import of Railway or Tramway Track Constructions of Iron or Steel in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 3.7 | 5.1 | 3.6 | 5.1% |
| Belgium | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| Japan | 8.0 | 1.9 | 1.7 | 0.4 | -63.2% |
| Australia | 0.9 | N/A | N/A | 0.3 | -30.7% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Thailand | 1.0 | 3.7 | 0.3 | 0.1 | -53.6% |
| South Korea | 0.3 | 0.6 | 7.8 | 0.1 | -30.7% |
| Spain | 5.2 | N/A | 0.3 | 0.1 | -73.2% |
| Russia | 2.5 | N/A | N/A | N/A | 0% |
| Germany | 4.2 | 0.1 | 1.5 | N/A | -40.2% |
| Others | 1.6 | 1.3 | 1.9 | 0.4 | -37.0% |
| Total | 27.3 | 11.8 | 19.2 | 5.9 | -40.0% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to the Philippines in 2022:
- China (2753.3 tons)
- Belgium (169.1 tons)
- Japan (80.3 tons)
- Taiwan (Chinese) (51.1 tons)
- Australia (51.0 tons)
- Germany (22.4 tons)
- South Korea (22.1 tons)
- Spain (19.4 tons)
- Thailand (19.2 tons)
Exports of Railway or Tramway Track Constructions of Iron or Steel in the Philippines
Exports of railway or tramway track constructions of iron or steel from the Philippines reached 450 tons in 2022, surging by 7.5% on the previous year. The total export volume increased at an average annual rate of +2.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, the exports reached the peak of 471 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of railway or tramway track constructions of iron or steel reduced sharply to $986K in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. As a result, the exports attained the peak of $1.3M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Railway or Tramway Track Constructions of Iron or Steel in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 943 | 1,072 | 1,055 | 985 | 1.5% |
| Taiwan (Chinese) | N/A | 5.0 | 121 | N/A | 2320.0% |
| Others | 37.1 | 188 | N/A | 0.1 | -86.1% |
| Total | 981 | 1,265 | 1,176 | 986 | 0.2% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from the Philippines in 2022:
- Malaysia (449.7 tons)
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This report provides an in-depth analysis of the steel railway material market in the Philippines.
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This report provides an in-depth analysis of the global steel railway material market.
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This report provides an in-depth analysis of the steel railway material market in the Philippines.
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This report provides an in-depth analysis of the global steel railway material market.
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
1296
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
982
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1319
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
