Philippines - Ready-Mixed Concrete - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Ready-Mixed Concrete and Factory Made Mortar in the Philippines - 2023
Contents:
- Price for Ready-Mixed Concrete and Factory Made Mortar in the Philippines (CIF) - 2023
- Price for Ready-Mixed Concrete and Factory Made Mortar in the Philippines (FOB) - 2022
- Imports of Ready-Mixed Concrete and Factory Made Mortar in the Philippines
- Exports of Ready-Mixed Concrete and Factory Made Mortar in the Philippines
Price for Ready-Mixed Concrete and Factory Made Mortar in the Philippines (CIF) - 2023
The average import price for ready-mixed concrete and factory made mortars stood at $315 per ton in September 2023, increasing by 27% against the previous month. In general, import price indicated a slight expansion from September 2022 to September 2023: its price increased at an average monthly rate of +1.6% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for ready-mixed concrete and factory made mortars increased by +36.3% against May 2023 indices. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 50% month-to-month. The import price peaked at $388 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($550 per ton), while the price for Thailand ($156 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Ready-Mixed Concrete and Factory Made Mortar in the Philippines (FOB) - 2022
The average export price for ready-mixed concrete and factory made mortars stood at $1,040 per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 when the average export price decreased by 99.9%. The export price peaked at $3,435 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($1,835 per ton), while the average price for exports to Micronesia totaled $177 per ton.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-12.9%).
Imports of Ready-Mixed Concrete and Factory Made Mortar in the Philippines
For the fourth consecutive year, the Philippines recorded growth in purchases abroad of ready-mixed concrete and factory made mortars, which increased by 54% to 29K tons in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of ready-mixed concrete and factory made mortars surged to $7.1M in 2022. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Ready-Mixed Concrete and Factory Made Mortar in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 808 | 373 | 1,253 | 2,103 | 37.6% |
| Thailand | 480 | 1,544 | 1,472 | 1,726 | 53.2% |
| China | 576 | 276 | 472 | 1,301 | 31.2% |
| Indonesia | 217 | 272 | 322 | 505 | 32.5% |
| Singapore | 58.2 | 23.5 | 37.4 | 380 | 86.9% |
| Vietnam | 354 | 83.1 | 119 | 212 | -15.7% |
| Qatar | N/A | N/A | N/A | 165 | 0% |
| Others | 829 | 492 | 826 | 704 | -5.3% |
| Total | 3,322 | 3,063 | 4,501 | 7,096 | 28.8% |
Top Suppliers of Ready-Mixed Concrete and Factory Made Mortar to the Philippines in 2022:
- Thailand (10.1K tons)
- Malaysia (7.6K tons)
- China (5.4K tons)
- Singapore (1.4K tons)
- Indonesia (1.1K tons)
- Vietnam (1.0K tons)
- Qatar (0.8K tons)
Exports of Ready-Mixed Concrete and Factory Made Mortar in the Philippines
Exports of ready-mixed concrete and factory made mortars from the Philippines amounted to 17 tons in 2022, approximately equating 2021 figures. Overall, exports posted strong growth. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of ready-mixed concrete and factory made mortars totaled $17K in 2022. In general, exports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Ready-Mixed Concrete and Factory Made Mortar in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Israel | N/A | N/A | 15.9 | 0% | |
| Micronesia | N/A | N/A | 1.4 | 0% | |
| Vietnam | 16.0 | N/A | N/A | 0% | |
| Others | 1.0 | N/A | N/A | 0% | |
| Total | 17.0 | N/A | 17.3 | 0.9% | |
Top Export Markets for Ready-Mixed Concrete and Factory Made Mortar from the Philippines in 2022:
- Israel (8.7 tons)
- Micronesia (8.0 tons)
This report provides an in-depth analysis of the market for ready-mixed concrete and factory made mortar 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 23631000 - Ready-mixed concrete
- Prodcom 23641000 - Factory made mortars
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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