Philippines: Aluminum Market 2025

Aluminum Market Size in the Philippines

In 2021, the Philippine aluminum market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Aluminum Exports

Exports from the Philippines

In 2021, shipments abroad of aluminum increased by 122% to X tons, rising for the second consecutive year after four years of decline. Overall, exports posted a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 482%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, aluminum exports soared to $X in 2021. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 273% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for aluminum exports from the Philippines, accounting for a 95% share of total exports. It was followed by Vietnam (X tons), with a 1.7% share of total exports. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +58.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+34.3% per year) and Taiwan (Chinese) (-14.2% per year).

In value terms, China ($X) remains the key foreign market for aluminum exports from the Philippines, comprising 92% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 5.5% share of total exports. It was followed by Japan, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +70.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+20.0% per year) and Japan (-20.4% per year).

Export Prices by Country

The average aluminum export price stood at $X per ton in 2021, remaining relatively unchanged against the previous year. Overall, the export price, however, showed prominent growth. The pace of growth was the most pronounced in 2013 an increase of 193%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+132.7%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminum Imports

Imports into the Philippines

After two years of decline, supplies from abroad of aluminum increased by 23% to X tons in 2021. In general, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -27.1% against 2018 indices. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, aluminum imports surged to $X in 2021. Overall, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Taiwan (Chinese) (X tons) and the United Arab Emirates (X tons) were the main suppliers of aluminum imports to the Philippines, with a combined 50% share of total imports. Indonesia, South Korea, Qatar, Thailand, China, Canada and Australia lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +51.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Taiwan (Chinese) ($X) and the United Arab Emirates ($X) appeared to be the largest aluminum suppliers to the Philippines, together comprising 46% of total imports. These countries were followed by Indonesia, South Korea, Qatar, Thailand, China, Canada and Australia, which together accounted for a further 48%.

Indonesia, with a CAGR of +52.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average aluminum import price amounted to $X per ton, with an increase of 41% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were South Korea ($X per ton) and Indonesia ($X per ton), while the price for the United Arab Emirates ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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