Philippines - Remelting Scrap Ingots Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Remelting Scrap Ingots in the Philippines - 2023
Contents:
- Price for Metal Remelting Scrap Ingots in the Philippines (CIF) - 2022
- Price for Metal Remelting Scrap Ingots in the Philippines (FOB) - 2022
- Imports of Metal Remelting Scrap Ingots in the Philippines
- Exports of Metal Remelting Scrap Ingots in the Philippines
Price for Metal Remelting Scrap Ingots in the Philippines (CIF) - 2022
In 2022, the average metal remelting scrap ingots import price amounted to $686 per ton, with an increase of 445% against the previous year. Overall, the import price saw a slight increase. The import price peaked at $1,837 per ton in 2017; however, from 2018 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 Taiwan (Chinese) ($947 per ton), while the price for Japan ($565 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+18.0%), while the prices for the other major suppliers experienced a decline.
Price for Metal Remelting Scrap Ingots in the Philippines (FOB) - 2022
The average metal remelting scrap ingots export price stood at $304 per ton in 2022, falling by -14.2% against the previous year. Overall, the export price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 30% against the previous year. The export price peaked at $642 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($4,654 per ton), while the average price for exports to Vietnam ($9.7 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 Japan (-7.1%), while the prices for the other major destinations experienced a decline.
Imports of Metal Remelting Scrap Ingots in the Philippines
For the fourth consecutive year, the Philippines recorded growth in overseas purchases of remelting scrap ingots of iron or steel, which increased by 71% to 15K tons in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 823%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, metal remelting scrap ingots imports soared to $10M in 2022. In general, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Metal Remelting Scrap Ingots in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 40.9 | 240 | 37.2 | 5,178 | 402.1% |
Spain | 26.7 | 319 | 139 | 4,543 | 454.1% |
Taiwan (Chinese) | 17.9 | 71.4 | 13.3 | 408 | 183.5% |
Hong Kong SAR | N/A | N/A | 885 | N/A | 0% |
Others | N/A | N/A | 13.8 | N/A | 0% |
Total | 85.5 | 630 | 1,089 | 10,129 | 391.1% |
Top Suppliers of Metal Remelting Scrap Ingots to the Philippines in 2022:
- Japan (9.2K tons)
- Spain (5.2K tons)
- Taiwan (Chinese) (0.4K tons)
Exports of Metal Remelting Scrap Ingots in the Philippines
After three years of growth, overseas shipments of remelting scrap ingots of iron or steel decreased by -14.9% to 1.9K tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 221% against the previous year.
In value terms, metal remelting scrap ingots exports fell dramatically to $564K in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 318% against the previous year.
Export of Metal Remelting Scrap Ingots in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 12.7 | 148 | 462 | 341 | 199.4% |
Japan | 32.7 | 103 | 169 | 132 | 59.2% |
Indonesia | 36.9 | 95.5 | 128 | 82.3 | 30.7% |
Taiwan (Chinese) | 1.9 | 7.4 | 10.8 | 7.4 | 57.3% |
Vietnam | 0.8 | 1.8 | 2.0 | 1.1 | 11.2% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 85.0 | 356 | 773 | 564 | 87.9% |
Top Export Markets for Metal Remelting Scrap Ingots from the Philippines in 2022:
- Singapore (1302.6 tons)
- Indonesia (378.0 tons)
- Vietnam (115.9 tons)
- Taiwan (Chinese) (30.7 tons)
- Japan (28.3 tons)
This report provides an in-depth analysis of the market for metal remelting scrap ingots 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 24101420 - Remelting scrap ingots of iron or steel (excluding products whose chemical composition conforms to the definitions of pig iron, spiegeleisen, or ferro-alloys)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Philippines.
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
This report provides an in-depth analysis of the market for metal remelting scrap ingots in the Philippines.
This report provides an in-depth analysis of the global market for metal remelting scrap ingots.
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