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Philippines - Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm 2022

Market Size for Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm in the Philippines

In 2021, the Philippine market for aluminium alloy plates, sheets and strip of thickness over X mm was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a slight downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Exports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from the Philippines

In 2021, approx. X tons of aluminium alloy plates, sheets and strip of thickness over X mm were exported from the Philippines; picking up by X% compared with 2020. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, exports of aluminium alloy plates, sheets and strip of thickness over X mm stood at $X in 2021. Overall, exports recorded strong growth. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Vietnam (X tons) was the main destination for exports of aluminium alloy plates, sheets and strip of thickness over X mm from the Philippines, accounting for a X% share of total exports. Moreover, exports of aluminium alloy plates, sheets and strip of thickness over X mm to Vietnam exceeded the volume sent to the second major destination, China (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Thailand (-X% per year).

In value terms, Vietnam ($X) remains the key foreign market for aluminium alloy plate, sheet and strip of thickness over X mm exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+X% per year) and Thailand (-X% per year).

Export Prices by Country

In 2021, the average export price for aluminium alloy plates, sheets and strip of thickness over X mm amounted to $X per ton, declining by -X% against the previous year. Over the period under review, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-X%), while the prices for the other major destinations experienced a decline.

Imports of Aluminium Alloy Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into the Philippines

Imports of aluminium alloy plates, sheets and strip of thickness over X mm into the Philippines skyrocketed to X tons in 2021, picking up by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a perceptible curtailment. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, imports of aluminium alloy plates, sheets and strip of thickness over X mm soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest aluminium alloy plate, sheet and strip of thickness over X mm supplier to the Philippines, accounting for a X% share of total imports. Moreover, imports of aluminium alloy plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and South Korea (-X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium alloy plate, sheet and strip of thickness over X mm to the Philippines, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Germany (+X% per year).

Import Prices by Country

The average import price for aluminium alloy plates, sheets and strip of thickness over X mm stood at $X per ton in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably countryorigin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for aluminium alloy plates, sheets and strip of thickness over 0.2 mm in the world?

The country with the largest volume of consumption of aluminium alloy plates, sheets and strip of thickness over 0.2 mm was China, accounting for 23% of total volume. Moreover, consumption of aluminium alloy plates, sheets and strip of thickness over 0.2 mm in China exceeded the figures recorded by the second-largest consumer, India, twofold. Japan ranked third in terms of total consumption with a 6.7% share.

What are the largest producers of aluminium alloy plates, sheets and strip of thickness over 0.2 mm in the world?

China remains the largest aluminium alloy plate, sheet and strip of thickness over 0.2 mm producing country worldwide, accounting for 32% of total volume. Moreover, production of aluminium alloy plates, sheets and strip of thickness over 0.2 mm in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was held by Germany, with an 8.6% share.

What are the leading suppliers of aluminium alloy plates, sheets and strip of thickness over 0.2 mm to the Philippines?

In value terms, China constituted the largest supplier of aluminium alloy plate, sheet and strip of thickness over 0.2 mm to the Philippines, comprising 54% of total imports. The second position in the ranking was taken by Japan, with a 19% share of total imports. It was followed by Germany, with a 9.8% share.

What are the leading importers of aluminium alloy plates, sheets and strip of thickness over 0.2 mm from the Philippines?

In value terms, Vietnam remains the key foreign market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm exports from the Philippines, comprising 53% of total exports. The second position in the ranking was held by China, with a 25% share of total exports.

What is the average export price for aluminium alloy plates, sheets and strip of thickness over 0.2 mm in the Philippines?

The average export price for aluminium alloy plates, sheets and strip of thickness over 0.2 mm stood at $1,971 per ton in 2021, shrinking by -47.7% against the previous year.

What is the average import price for aluminium alloy plates, sheets and strip of thickness over 0.2 mm in the Philippines?

In 2021, the average import price for aluminium alloy plates, sheets and strip of thickness over 0.2 mm amounted to $4,051 per ton, growing by 15% against the previous year.

This report provides an in-depth analysis of the market for aluminium alloy plate, sheet and strip of thickness over 0.2 mm 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 24422450 - Aluminium alloy plates, sheets and strips > 0,2 mm thick

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance