Philippines: Market for Aluminium Casks, Drums, Cans, Boxes and Similar Containers 2025

Market Size for Aluminium Casks, Drums, Cans, Boxes and Similar Containers in the Philippines

The Philippine market for aluminium casks, drums, cans, boxes and similar containers reduced modestly to $X in 2022, waning by -2.4% against the previous year. Over the period under review, consumption, however, recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Aluminium Casks, Drums, Cans, Boxes and Similar Containers in the Philippines

In value terms, production of aluminium casks, drums, cans, boxes and similar containers reduced modestly to $X in 2022 estimated in export price. In general, production, however, recorded buoyant growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 36% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Exports from the Philippines

Exports of aluminium casks, drums, cans, boxes and similar containers from the Philippines dropped rapidly to X units in 2022, with a decrease of -30.9% against the year before. Over the period under review, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 287% against the previous year. Over the period under review, the exports of attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of aluminium casks, drums, cans, boxes and similar containers reduced notably to $X in 2022. In general, exports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 268% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Solomon Islands (X units), China (X units) and the United States (X units) were the main destinations of exports of aluminium casks, drums, cans, boxes and similar containers from the Philippines, with a combined 76% share of total exports. South Korea, Fiji, Papua New Guinea and New Zealand lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +121.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Solomon Islands ($X), China ($X) and the United States ($X) were the largest markets for aluminium cask, drum, can, box and similar container exported from the Philippines worldwide, together comprising 76% of total exports. South Korea, Fiji, Papua New Guinea and New Zealand lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, South Korea, with a CAGR of +142.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for aluminium casks, drums, cans, boxes and similar containers amounted to $X per unit, rising by 10% against the previous year. In general, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 48% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and New Zealand ($X per unit), while the average price for exports to South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Casks, Drums, Cans, Boxes and Similar Containers

Imports into the Philippines

Imports of aluminium casks, drums, cans, boxes and similar containers into the Philippines soared to X units in 2022, with an increase of 67% against 2021 figures. In general, imports recorded prominent growth. The pace of growth appeared the most rapid in 2014 when imports increased by 106% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of aluminium casks, drums, cans, boxes and similar containers soared to $X in 2022. Over the period under review, imports posted a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 118%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units) constituted the largest supplier of aluminium cask, drum, can, box and similar container to the Philippines, with a 40% share of total imports. Moreover, imports of aluminium casks, drums, cans, boxes and similar containers from Malaysia exceeded the figures recorded by the second-largest supplier, Indonesia (X units), twofold. The third position in this ranking was taken by China (X units), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Malaysia amounted to +54.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-4.6% per year) and China (+13.5% per year).

In value terms, Malaysia ($X) constituted the largest supplier of aluminium casks, drums, cans, boxes and similar containers to the Philippines, comprising 40% of total imports. The second position in the ranking was held by Indonesia ($X), with a 19% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia amounted to +65.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+1.9% per year) and China (+26.7% per year).

Import Prices by Country

The average import price for aluminium casks, drums, cans, boxes and similar containers stood at $X per unit in 2022, growing by 16% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 aluminium casks, drums, cans, boxes and similar containers increased by +26.1% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 35% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform