Alloy Steel Powders Price in the Philippines - 2023
Contents:
- Alloy Steel Powders Price in the Philippines (CIF) - 2022
- Alloy Steel Powders Price in the Philippines (FOB) - 2022
- Alloy Steel Powders Imports in the Philippines
- Alloy Steel Powders Exports in the Philippines
Alloy Steel Powders Price in the Philippines (CIF) - 2022
The average alloy steel powders import price stood at $17,035 per ton in 2022, surging by 55% against the previous year. Overall, the import price posted significant growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 141%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($34,883 per ton), while the price for Malaysia ($1,698 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+58.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Alloy Steel Powders Price in the Philippines (FOB) - 2022
The average alloy steel powders export price stood at $2,626 per ton in 2022, with a decrease of -9.6% against the previous year. Overall, the export price recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34%. Over the period under review, the average export prices hit record highs at $4,321 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($3,213 per ton), while the average price for exports to Malaysia ($2,457 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 Indonesia (+21.6%), while the prices for the other major destinations experienced a decline.
Alloy Steel Powders Imports in the Philippines
After three years of growth, overseas purchases of alloy steel powderses decreased by -39.5% to 13 tons in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 when imports increased by 54%.
In value terms, alloy steel powders imports contracted to $226K in 2022. In general, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 174%.
| Import of Alloy Steel Powders in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 58.6 | 103 | 103 | 197 | 49.8% |
| Japan | 1.5 | 66.6 | 109 | 22.3 | 145.9% |
| China | 9.4 | 17.5 | 11.4 | 1.7 | -43.4% |
| Malaysia | 0.3 | 2.1 | 6.1 | 1.5 | 71.0% |
| United Kingdom | 1.4 | 3.8 | 3.7 | 1.1 | -7.7% |
| Sweden | 2.3 | 4.7 | 3.3 | 0.7 | -32.7% |
| Others | 3.5 | 12.5 | 4.5 | 1.2 | -30.0% |
| Total | 77.0 | 211 | 241 | 226 | 43.2% |
Top Suppliers of Alloy Steel Powders to the Philippines in 2022:
- South Korea (7.6 tons)
- Japan (3.5 tons)
- Malaysia (0.9 tons)
- China (0.6 tons)
- United Kingdom (0.3 tons)
- Sweden (0.2 tons)
Alloy Steel Powders Exports in the Philippines
In 2022, shipments abroad of alloy steel powderses was finally on the rise to reach 24 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a dramatic decrease.
In value terms, alloy steel powders exports soared to $63K in 2022. Over the period under review, exports, however, continue to indicate a sharp contraction.
| Export of Alloy Steel Powders in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 90.7 | 68.9 | 15.6 | 45.7 | -20.4% |
| Japan | 94.8 | 32.7 | 1.0 | 15.1 | -45.8% |
| Vietnam | 11.8 | 6.4 | 1.0 | 2.1 | -43.8% |
| Others | 0.9 | N/A | 0.2 | N/A | -52.9% |
| Total | 198 | 108 | 17.8 | 62.9 | -31.8% |
Top Export Markets for Alloy Steel Powders from the Philippines in 2022:
- Malaysia (18.6 tons)
- Japan (4.7 tons)
- Vietnam (0.7 tons)
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