Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines - 2023
Contents:
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (CIF) - 2022
- Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (FOB) - 2022
- Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
- Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (CIF) - 2022
In 2022, the average import price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses amounted to $586 per ton, waning by -7.1% against the previous year. Over the period under review, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2017 an increase of 34% against the previous year. Over the period under review, average import prices attained the peak figure at $676 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($595 per ton), while the price for Malaysia ($382 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+15.4%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (FOB) - 2022
The average export price for steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses stood at $630 per ton in 2022, growing by 26% against the previous year. Overall, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 100% against the previous year. The export price peaked at $2,407 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($1,697 per ton), while the average price for exports to Japan ($192 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.3%), while the prices for the other major destinations experienced a decline.
Imports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
In 2022, the amount of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses imported into the Philippines soared to 248K tons, jumping by 20% on the year before. Over the period under review, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year.
In value terms, imports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses totaled $145M in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 107% against the previous year.
| Import of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 133 | 50.3 | 120 | 134 | 0.3% |
| India | 6.3 | 7.0 | 7.2 | 7.2 | 4.6% |
| Malaysia | 5.3 | 2.6 | 2.8 | 2.9 | -18.2% |
| Others | 2.1 | 3.2 | 0.9 | 1.0 | -21.9% |
| Total | 146 | 63.1 | 131 | 145 | -0.2% |
Top Suppliers of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils to the Philippines in 2022:
- China (225.0K tons)
- India (13.2K tons)
- Malaysia (7.6K tons)
Exports of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines
In 2022, shipments abroad of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses decreased by -57.6% to 1.4 tons, falling for the second year in a row after two years of growth. Overall, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 90% against the previous year. As a result, the exports reached the peak of 49 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of steel, alloy; bars and rods, hot-rolled, in irregularly wound coilses reduced markedly to $875 in 2022. In general, exports faced a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, the exports attained the peak of $12K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 326 | 543 | 133 | 335 | 0.9% |
| China | 8.0 | 54.0 | 93.0 | 186 | 185.4% |
| Japan | 3,257 | 3,480 | 976 | 123 | -66.4% |
| Malaysia | 82.0 | 181 | 106 | 72.0 | -4.2% |
| Thailand | N/A | 2,781 | 138 | N/A | -95.0% |
| Germany | 4,432 | N/A | N/A | N/A | 0% |
| Iran | 197 | 277 | N/A | N/A | 40.6% |
| Others | 98.0 | 4,918 | 188 | 159 | 17.5% |
| Total | 8,400 | 12,234 | 1,634 | 875 | -52.9% |
Top Export Markets for Steel, Alloy; Bars and Rods, Hot-Rolled, in Irregularly Wound Coils from the Philippines in 2022:
- Japan (638.0 kg)
- China (393.0 kg)
- Singapore (197.0 kg)
- Malaysia (132.0 kg)
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