Philippines - Unwrought Aluminium Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUnwrought Aluminium Alloys Price in the Philippines - 2023
Contents:
- Unwrought Aluminium Alloys Price in the Philippines (CIF) - 2023
- Unwrought Aluminium Alloys Price in the Philippines (FOB) - 2023
- Unwrought Aluminium Alloys Imports in the Philippines
- Unwrought Aluminium Alloys Exports in the Philippines
Unwrought Aluminium Alloys Price in the Philippines (CIF) - 2023
In May 2023, the average unwrought aluminium alloys import price amounted to $2,643 per ton, approximately mirroring the previous month. Overall, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 4.5% m-o-m. Over the period under review, average import prices hit record highs at $3,494 per ton in May 2022; however, from June 2022 to May 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In May 2023, the countries with the highest prices were China ($3,217 per ton) and Taiwan (Chinese) ($2,880 per ton), while the price for the United Arab Emirates ($2,362 per ton) and Malaysia ($2,579 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.
Unwrought Aluminium Alloys Price in the Philippines (FOB) - 2023
The average unwrought aluminium alloys export price stood at $1,489 per ton in May 2023, waning by -16.6% against the previous month. In general, the export price saw a pronounced shrinkage. The growth pace was the most rapid in April 2023 an increase of 48% m-o-m. Over the period under review, the average export prices hit record highs at $2,257 per ton in May 2022; however, from June 2022 to May 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In May 2023, the country with the highest price was China ($1,526 per ton), while the average price for exports to Malaysia totaled $1,236 per ton.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (0.0%), while the prices for the other major destinations experienced a decline.
Unwrought Aluminium Alloys Imports in the Philippines
In 2022, approx. 26K tons of unwrought aluminium alloys were imported into the Philippines; almost unchanged from 2021. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, unwrought aluminium alloys imports surged to $102M in 2022. Overall, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 105%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Unwrought Aluminium Alloys in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 9.3 | 7.3 | 10.7 | 15.1 | 17.5% |
| Indonesia | 4.6 | 3.6 | 10.1 | 14.2 | 45.6% |
| United Arab Emirates | 12.8 | 4.3 | 9.5 | 13.4 | 1.5% |
| South Korea | 3.4 | 5.3 | 9.5 | 13.3 | 57.6% |
| Qatar | 2.3 | 1.8 | 7.7 | 10.9 | 68.0% |
| Taiwan (Chinese) | 6.2 | 3.7 | 7.2 | 10.2 | 18.1% |
| China | 8.9 | 4.1 | 5.6 | 8.6 | -1.1% |
| Thailand | 0.1 | 1.2 | 5.9 | 8.3 | 336.2% |
| Others | 4.1 | 4.0 | 6.0 | 7.9 | 24.4% |
| Total | 51.7 | 35.2 | 72.0 | 102 | 25.4% |
Top Suppliers of Unwrought Aluminium Alloys to the Philippines in 2022:
- United Arab Emirates (4.1K tons)
- Malaysia (3.9K tons)
- Indonesia (3.2K tons)
- South Korea (3.0K tons)
- China (2.9K tons)
- Qatar (2.6K tons)
- Taiwan (Chinese) (2.6K tons)
- Thailand (2.0K tons)
Unwrought Aluminium Alloys Exports in the Philippines
In 2022, after three years of growth, there was significant decline in shipments abroad of unwrought aluminium alloys, when their volume decreased by -60% to 447 tons. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 899% against the previous year.
In value terms, unwrought aluminium alloys exports amounted to $4.9M in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 546%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Unwrought Aluminium Alloys in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 201 | 187 | 257 | 4,341 | 178.5% |
| Japan | 45.1 | 12.2 | 31.3 | 529 | 127.2% |
| China | N/A | 1,794 | 4,030 | N/A | 124.6% |
| Taiwan (Chinese) | 55.1 | N/A | 42.3 | N/A | -12.4% |
| Others | 7.7 | 4.9 | N/A | N/A | -36.4% |
| Total | 309 | 1,999 | 4,360 | 4,870 | 150.7% |
Top Export Markets for Unwrought Aluminium Alloys from the Philippines in 2022:
- Vietnam (374.5 tons)
- Japan (72.6 tons)
This report provides an in-depth analysis of the unwrought aluminium alloys 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.
Product coverage:
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium powders and flakes)
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
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