Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines - 2024
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines (CIF) - 2022
The average import price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $1,993 per ton in 2022, rising by 11% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 55% against the previous year. The import price peaked at $2,458 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 China ($3,280 per ton), while the price for Taiwan (Chinese) ($784 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines (FOB) - 2022
The average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $7,393 per ton in 2022, which is down by -48.6% against the previous year. Over the period under review, the export price recorded a pronounced slump. The growth pace was the most rapid in 2020 an increase of 177% against the previous year. Over the period under review, the average export prices reached the maximum at $24,777 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($51,920 per ton), while the average price for exports to China ($3,821 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 (+38.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines
In 2022, overseas purchases of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia decreased by -12.7% to 3K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -32.6% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 60% against the previous year. As a result, imports attained the peak of 4.4K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia reduced to $5.9M in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 35% against the previous year. As a result, imports reached the peak of $8M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.0 | 6.6 | 4.7 | 3.2 | 17.0% |
| South Korea | 0.5 | 0.4 | 0.7 | 1.8 | 53.3% |
| China | 2.5 | 0.7 | 0.3 | 0.7 | -34.6% |
| Taiwan (Chinese) | 0.4 | 0.1 | 0.3 | 0.2 | -20.6% |
| Others | 0.5 | 0.1 | 0.1 | 0.1 | -41.5% |
| Total | 5.9 | 8.0 | 6.1 | 5.9 | 0.0% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to the Philippines in 2022:
- Japan (1825.1 tons)
- South Korea (680.7 tons)
- Taiwan (Chinese) (257.0 tons)
- China (201.3 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines
In 2022, approx. 37 tons of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia were exported from the Philippines; picking up by 1,586% compared with the previous year. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia soared to $275K in 2022. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.2 | N/A | N/A | 125 | 370.5% |
| Singapore | N/A | 4.8 | N/A | 49.6 | 221.5% |
| United States | N/A | 94.2 | N/A | 39.4 | -35.3% |
| Vietnam | 6.2 | N/A | 12.5 | 7.0 | 4.1% |
| Thailand | N/A | N/A | N/A | 6.5 | 0% |
| Others | 10.5 | 15.1 | 19.3 | 47.7 | 65.6% |
| Total | 17.9 | 114 | 31.8 | 275 | 148.6% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from the Philippines in 2022:
- China (32.7 tons)
- Singapore (1.4 tons)
- Thailand (1.3 tons)
- United States (0.8 tons)
- Vietnam (0.3 tons)
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