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Philippines - Hot-Rolled Bars In Free-Cutting Steels - Market Analysis, Forecast, Size, Trends And Insights
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Philippines: Hot-Rolled Free-Cutting Steel Market Overview 2021

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Hot-Rolled Free-Cutting Steel Market Size in the Philippines

The Philippine hot-rolled free-cutting steel market contracted to $X in 2020, remaining stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced decrease. The pace of growth appeared the most rapid in 2009 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2010; however, from 2011 to 2020, consumption stood at a somewhat lower figure.

Hot-Rolled Free-Cutting Steel Exports

Exports from the Philippines

Hot-rolled free-cutting steel exports from the Philippines contracted remarkably to X kg in 2020, shrinking by -X% on the year before. Overall, exports, however, showed a significant expansion. Over the period under review, exports reached the peak figure at X tonnes in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, hot-rolled free-cutting steel exports fell markedly to $X in 2020. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, exports attained the peak figure at $X in 2019, and then declined significantly in the following year.

Exports by Country

South Korea (X tonnes) was the main destination for hot-rolled free-cutting steel exports from the Philippines, accounting for a X% share of total exports. Moreover, hot-rolled free-cutting steel exports to South Korea exceeded the volume sent to the second major destination, Micronesia (X tonnes), fourfold.

From 2007 to 2019, the average annual growth rate of volume to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Micronesia (+X% per year) and Japan (X% per year).

From 2007 to 2019, the average annual growth rate of value to South Korea was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Micronesia (+X% per year) and Japan (X% per year).

Export Prices by Country

In 2019, the average hot-rolled free-cutting steel export price amounted to $X per tonne, rising by X% against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. The export price peaked in 2019 and is expected to retain growth in years to come.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per tonne), while the average price for exports to Micronesia ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Micronesia, while the prices for the other major destinations experienced more modest paces of growth.

Hot-Rolled Free-Cutting Steel Imports

Imports into the Philippines

In 2020, imports of hot-rolled bars in free-cutting steels into the Philippines fell to X tonnes, reducing by -X% compared with the previous year. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tonnes in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

In value terms, hot-rolled free-cutting steel imports reduced slightly to $X in 2020. In general, imports recorded a pronounced slump. The pace of growth appeared the most rapid in 2018 with an increase of X% year-to-year. Imports peaked at $X in 2010; however, from 2011 to 2020, imports stood at a somewhat lower figure.

Imports by Country

South Korea (X tonnes), Taiwan (Chinese) (X tonnes) and China (X tonnes) were the main suppliers of hot-rolled free-cutting steel imports to the Philippines, together comprising X% of total imports. These countries were followed by the Netherlands, Germany, Singapore and the United Arab Emirates, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest hot-rolled free-cutting steel suppliers to the Philippines were South Korea ($X), the Netherlands ($X) and China ($X), together comprising X% of total imports. These countries were followed by Taiwan (Chinese), Germany, the United Arab Emirates and Singapore, which together accounted for a further X saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average hot-rolled free-cutting steel import price amounted to $X per tonne, surging by X% against the previous year. In general, the import price continues to indicate a modest expansion. The pace of growth was the most pronounced in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the United Arab Emirates ($X per tonne), while the price for Taiwan (Chinese) ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for hot-rolled bars in free-cutting steels in the world?
+
The countries with the highest volumes of hot-rolled free-cutting steel consumption in 2020 were China (852K tonnes), the U.S. (454K tonnes) and India (329K tonnes), together comprising 41% of global consumption. Japan, Germany, Russia, Singapore, the UK, France, Turkey, Iran, South Korea and Italy lagged somewhat behind, together comprising a further 28%.
What are the largest producers of hot-rolled bars in free-cutting steels in the world?
+
The countries with the highest volumes of hot-rolled free-cutting steel production in 2020 were China (852K tonnes), the U.S. (435K tonnes) and India (330K tonnes), with a combined 41% share of global production. Japan, Germany, Russia, Saudi Arabia, France, the UK, Turkey, Iran, South Korea and Canada lagged somewhat behind, together comprising a further 29%.
What are the leading suppliers of hot-rolled bars in free-cutting steels to the Philippines?
+
In value terms, South Korea ($43K), the Netherlands ($38K) and China ($20K) were the largest hot-rolled free-cutting steel suppliers to the Philippines, with a combined 60% share of total imports. Taiwan (Chinese), Germany, the United Arab Emirates and Singapore lagged somewhat behind, together comprising a further 33%.
What is the average export price for hot-rolled bars in free-cutting steels in the Philippines?
+
In 2019, the average hot-rolled free-cutting steel export price amounted to $2,262 per tonne, rising by 9.9% against the previous year.
What is the average import price for hot-rolled bars in free-cutting steels in the Philippines?
+
The average hot-rolled free-cutting steel import price stood at $1,084 per tonne in 2020, with an increase of 6% against the previous year.

Product coverage:
• Prodcom 24106230 - Hot-rolled bars in free-cutting steels

This report provides an in-depth analysis of the hot-rolled free-cutting steel market 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 2025.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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