Price for Chain; Articulated Link, Roller, of Iron or Steel in the Philippines - 2023

Contents:

1. Price for Chain; Articulated Link, Roller, of Iron or Steel in the Philippines (CIF) - 2022
2. Price for Chain; Articulated Link, Roller, of Iron or Steel in the Philippines (FOB) - 2022
3. Imports of Chain; Articulated Link, Roller, of Iron or Steel in the Philippines
4. Exports of Chain; Articulated Link, Roller, of Iron or Steel in the Philippines

Price for Chain; Articulated Link, Roller, of Iron or Steel in the Philippines (CIF) - 2022

The average import price for chain; articulated link, roller, of iron or steel stood at $1,275 per ton in 2022, falling by -4.8% against the previous year. Over the period under review, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $2,382 per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($10,049 per ton), while the price for China ($789 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Chain; Articulated Link, Roller, of Iron or Steel in the Philippines (FOB) - 2022

In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $3,705 per ton, surging by 61% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2014 an increase of 169%. The export price peaked at $15,966 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 the United States ($26,000 per ton), while the average price for exports to Bangladesh ($3,437 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 (+51.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Chain; Articulated Link, Roller, of Iron or Steel in the Philippines

Imports of chain; articulated link, roller, of iron or steel into the Philippines amounted to 6.1K tons in 2022, surging by 3.5% on the previous year's figure. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 87%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of chain; articulated link, roller, of iron or steel fell to $7.8M in 2022. Overall, imports, however, saw a mild descent. The growth pace was the most rapid in 2021 with an increase of 50%.

Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to the Philippines in 2022:

1. China (5.1K tons)
2. Malaysia (0.6K tons)

Exports of Chain; Articulated Link, Roller, of Iron or Steel in the Philippines

Exports of chain; articulated link, roller, of iron or steel from the Philippines surged to 3.1 tons in 2022, jumping by 23,592% on the year before. In general, exports, however, recorded a significant curtailment.

In value terms, exports of chain; articulated link, roller, of iron or steel soared to $11K in 2022. Overall, exports, however, saw a dramatic shrinkage.

Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from the Philippines in 2022:

1. Bangladesh (2.8 tons)
2. Guam (0.3 tons)

Source: IndexBox Market Intelligence Platform