Price for Zinc; Plates, Sheets, Strip and Foil in the Philippines - 2024

Contents:

1. Price for Zinc; Plates, Sheets, Strip and Foil in the Philippines (CIF) - 2022
2. Price for Zinc; Plates, Sheets, Strip and Foil in the Philippines (FOB) - 2022
3. Imports of Zinc; Plates, Sheets, Strip and Foil in the Philippines
4. Exports of Zinc; Plates, Sheets, Strip and Foil in the Philippines

Price for Zinc; Plates, Sheets, Strip and Foil in the Philippines (CIF) - 2022

In 2022, the average import price for zinc; plates, sheets, strip and foils amounted to $7,437 per ton, with an increase of 62% against the previous year. In general, the import price enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 an increase of 638%. Over the period under review, average import prices hit record highs at $100,996 per ton in 2016; however, from 2017 to 2022, 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 the United States ($12,481 per ton), while the price for Singapore ($2,047 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Zinc; Plates, Sheets, Strip and Foil in the Philippines (FOB) - 2022

In 2022, the average export price for zinc; plates, sheets, strip and foils amounted to $6,250 per ton, waning by -39.8% against the previous year. Overall, the export price, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 286% against the previous year. The export price peaked at $10,377 per ton in 2021, and then fell significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +42.3% per year.

Imports of Zinc; Plates, Sheets, Strip and Foil in the Philippines

In 2022, supplies from abroad of zinc; plates, sheets, strip and foils decreased by -38.4% to 12 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a precipitous decline. The most prominent rate of growth was recorded in 2020 when imports increased by 116%. As a result, imports attained the peak of 53 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of zinc; plates, sheets, strip and foils stood at $91K in 2022. In general, imports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of 12%. As a result, imports reached the peak of $207K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Top Suppliers of Zinc; Plates, Sheets, Strip and Foil to the Philippines in 2022:

1. China (5.5 tons)
2. Japan (2.7 tons)
3. United States (1.9 tons)
4. Singapore (1.8 tons)
5. South Korea (0.3 tons)

Exports of Zinc; Plates, Sheets, Strip and Foil in the Philippines

In 2022, approx. 4 kg of zinc; plates, sheets, strip and foils were exported from the Philippines; with a decrease of -60% compared with 2021 figures. Over the period under review, exports faced a dramatic decrease.

In value terms, exports of zinc; plates, sheets, strip and foils fell sharply to $25 in 2022. In general, exports showed a precipitous shrinkage.

Top Export Markets for Zinc; Plates, Sheets, Strip and Foil from the Philippines in 2022:

1. Japan (4.0 kg)

Source: IndexBox Market Intelligence Platform