Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines - 2023

Contents:

1. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines (CIF) - 2022
2. Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines (FOB) - 2022
3. Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines
4. Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines (CIF) - 2022

In 2022, the average import price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $1,881 per ton, rising by 38% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for granules and powders, of pig iron, spiegeleisen, iron or steels increased by +39.6% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4,120 per ton), while the price for Singapore ($739 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines (FOB) - 2022

In 2022, the average export price for granules and powders, of pig iron, spiegeleisen, iron or steels amounted to $975 per ton, which is down by -7.3% against the previous year. Over the period under review, the export price, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 195% against the previous year. The export price peaked at $3,014 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($1,859 per ton), while the average price for exports to Japan ($878 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 (-0.1%), while the prices for the other major destinations experienced a decline.

Imports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines

In 2022, the amount of granules and powders, of pig iron, spiegeleisen, iron or steels imported into the Philippines soared to 14K tons, increasing by 95% compared with the previous year. In general, imports showed 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 granules and powders, of pig iron, spiegeleisen, iron or steels surged to $27M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel to the Philippines in 2022:

1. South Korea (6.8K tons)
2. China (3.0K tons)
3. Japan (2.2K tons)
4. Thailand (0.9K tons)
5. Sweden (0.5K tons)
6. Singapore (0.4K tons)
7. Malaysia (0.4K tons)

Exports of Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel in the Philippines

For the fourth year in a row, the Philippines recorded growth in shipments abroad of granules and powders, of pig iron, spiegeleisen, iron or steels, which increased by 85% to 2.2K tons in 2022. Overall, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 2,635% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of granules and powders, of pig iron, spiegeleisen, iron or steels surged to $2.1M in 2022. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 603% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Granules and Powders, of Pig Iron, Spiegeleisen, Iron or Steel from the Philippines in 2022:

1. Indonesia (1500.2 tons)
2. China (361.8 tons)
3. Malaysia (206.5 tons)
4. Thailand (81.9 tons)