Price for Zinc; Bars, Rods, Profiles and Wire in the Philippines - 2023
Contents:
- Price for Zinc; Bars, Rods, Profiles and Wire in the Philippines (CIF) - 2022
- Imports of Zinc; Bars, Rods, Profiles and Wire in the Philippines
Price for Zinc; Bars, Rods, Profiles and Wire in the Philippines (CIF) - 2022
In 2022, the average import price for zinc; bars, rods, profiles and wires amounted to $2,412 per ton, shrinking by -16% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 47%. As a result, import price reached the peak level of $4,946 per ton. From 2018 to 2022, the average 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 South Korea ($13,463 per ton), while the price for the UK ($1,508 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+84.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Zinc; Bars, Rods, Profiles and Wire in the Philippines
In 2022, approx. 123 tons of zinc; bars, rods, profiles and wires were imported into the Philippines; picking up by 240% compared with 2021 figures. Overall, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of zinc; bars, rods, profiles and wires skyrocketed to $297K in 2022. In general, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Zinc; Bars, Rods, Profiles and Wire in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 121 | 142 | 42.0 | 177 | 13.5% |
| Japan | 70.0 | 18.7 | 21.2 | 52.4 | -9.2% |
| South Korea | 3.8 | N/A | 10.8 | 25.5 | 88.6% |
| United Kingdom | 8.7 | 3.2 | 6.3 | 7.8 | -3.6% |
| Others | 5.5 | 32.8 | 23.6 | 34.0 | 83.5% |
| Total | 209 | 197 | 104 | 297 | 12.4% |
Top Suppliers of Zinc; Bars, Rods, Profiles and Wire to the Philippines in 2022:
- China (98.8 tons)
- Japan (15.8 tons)
- United Kingdom (5.1 tons)
- South Korea (1.9 tons)
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