Philippines - Iron Or Steel Hot-Worked Helical Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Hot-Worked Helical Spring in the Philippines - 2023
Contents:
- Price for Metal Hot-Worked Helical Spring in the Philippines (CIF) - 2022
- Price for Metal Hot-Worked Helical Spring in the Philippines (FOB) - 2022
- Imports of Metal Hot-Worked Helical Spring in the Philippines
- Exports of Metal Hot-Worked Helical Spring in the Philippines
Price for Metal Hot-Worked Helical Spring in the Philippines (CIF) - 2022
In 2022, the average metal hot-worked helical spring import price amounted to $10,941 per ton, rising by 77% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2015 when the average import price increased by 165% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($37,220 per ton), while the price for China ($3,611 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metal Hot-Worked Helical Spring in the Philippines (FOB) - 2022
The average metal hot-worked helical spring export price stood at $21,717 per ton in 2022, rising by 246% against the previous year. In general, the export price saw a buoyant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($64,957 per ton), while the average price for exports to Thailand ($14,774 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 Vietnam (+57.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metal Hot-Worked Helical Spring in the Philippines
In 2022, the amount of iron or steel hot-worked helical springs imported into the Philippines contracted dramatically to 534 tons, waning by -44.8% against the previous year. In general, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. As a result, imports reached the peak of 968 tons, and then declined rapidly in the following year.
In value terms, metal hot-worked helical spring imports reduced slightly to $5.8M in 2022. Overall, imports continue to indicate a pronounced curtailment. The growth pace was the most rapid in 2021 when imports increased by 95% against the previous year.
| Import of Metal Hot-Worked Helical Spring in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,652 | 630 | 1,035 | 1,240 | -9.1% |
| China | 1,093 | 694 | 2,308 | 1,135 | 1.3% |
| Hong Kong SAR | 228 | 47.2 | 209 | 811 | 52.6% |
| United States | 177 | 266 | 646 | 397 | 30.9% |
| South Korea | 160 | 222 | 303 | 318 | 25.7% |
| Italy | 82.0 | 33.5 | 81.8 | 242 | 43.4% |
| Indonesia | 261 | 145 | 304 | 124 | -22.0% |
| Taiwan (Chinese) | 1,407 | 25.5 | 65.1 | 70.2 | -63.2% |
| Others | 1,588 | 1,010 | 1,027 | 1,508 | -1.7% |
| Total | 6,648 | 3,074 | 5,979 | 5,845 | -4.2% |
Top Suppliers of Metal Hot-Worked Helical Spring to the Philippines in 2022:
- China (314.4 tons)
- Japan (56.3 tons)
- South Korea (41.9 tons)
- Indonesia (27.4 tons)
- Hong Kong SAR (21.8 tons)
- United States (12.2 tons)
- Italy (10.6 tons)
- Taiwan (Chinese) (8.4 tons)
Exports of Metal Hot-Worked Helical Spring in the Philippines
In 2022, metal hot-worked helical spring exports from the Philippines dropped markedly to 18 tons, with a decrease of -44.4% compared with 2021. Overall, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 79%. As a result, the exports reached the peak of 32 tons, and then declined remarkably in the following year.
In value terms, metal hot-worked helical spring exports soared to $391K in 2022. In general, exports, however, saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Metal Hot-Worked Helical Spring in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | 9.8 | 168 | 1614.3% |
| Vietnam | 1.7 | 1.1 | 102 | 142 | 337.1% |
| United States | 10.8 | 39.0 | 28.7 | 39.3 | 53.8% |
| Japan | 0.7 | N/A | 2.0 | 35.3 | 269.5% |
| Spain | N/A | N/A | 0.2 | N/A | 0% |
| Belgium | N/A | 0.1 | 0.5 | N/A | 400.0% |
| Austria | N/A | N/A | 1.4 | N/A | 0% |
| Morocco | N/A | N/A | 0.8 | N/A | 0% |
| Poland | N/A | N/A | 0.2 | N/A | 0% |
| United Arab Emirates | 83.5 | 98.4 | 29.6 | N/A | -40.5% |
| Singapore | 5.4 | 13.9 | 22.1 | N/A | 102.3% |
| Georgia | N/A | 0.1 | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | N/A | N/A | 0% |
| Others | 6.0 | 1.1 | 6.2 | 6.8 | 4.3% |
| Total | 108 | 154 | 203 | 391 | 53.6% |
Top Export Markets for Metal Hot-Worked Helical Spring from the Philippines in 2022:
- Thailand (11.4 tons)
- Japan (2.2 tons)
- Vietnam (2.2 tons)
- United States (2.0 tons)
This report provides an in-depth analysis of the market for metal hot-worked helical spring 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 25931631 - Iron or steel hot-worked helical springs
- Prodcom 25931633 - Iron or steel cold-formed helical coil compression springs
- Prodcom 25931635 - Iron or steel cold-formed helical coil tension springs
- Prodcom 25931637 - Iron or steel cold-formed helical springs (excluding helical coil compression springs, helical coil tension springs)
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
-
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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