Philippines: Aluminium Tube Market 2024

Aluminium Tube Market Size in the Philippines

The Philippine aluminium tube market dropped significantly to $X in 2022, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a measured expansion. Aluminium tube consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Aluminium Tube Exports

Exports from the Philippines

In 2022, shipments abroad of aluminium tubes, pipes and tube or pipe fittings increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, aluminium tube exports soared to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for aluminium tube exports from the Philippines, with a X% share of total exports. Moreover, aluminium tube exports to Japan exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Japan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and China (X% per year).

In value terms, Japan ($X) remains the key foreign market for aluminium tubes, pipes and tube or pipe fittings exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Vietnam (X% per year).

Export Prices by Country

In 2022, the average aluminium tube export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, saw a abrupt contraction. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Vietnam ($X 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 Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Tube Imports

Imports into the Philippines

Aluminium tube imports into the Philippines reduced dramatically to X tons in 2022, which is down by X% compared with the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, aluminium tube imports contracted dramatically to $X in 2022. Overall, imports, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then declined dramatically in the following year.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of aluminium tube imports to the Philippines, with a combined X% share of total imports. Taiwan (Chinese), Hong Kong SAR and Malaysia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of aluminium tubes, pipes and tube or pipe fittings to the Philippines, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and China (X% per year).

Import Prices by Country

The average aluminium tube import price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price saw a remarkable increase. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X 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) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :