Philippines: Hot-Dipped Metal-Coated Sheet Market 2025

Hot-Dipped Metal-Coated Sheet Market Size in the Philippines

The Philippine hot-dipped metal-coated sheet market soared to $X in 2021, jumping by 20% 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). In general, consumption, however, enjoyed a significant expansion. Hot-dipped metal-coated sheet consumption peaked in 2021 and is likely to continue growth in the immediate term.

Hot-Dipped Metal-Coated Sheet Exports

Exports from the Philippines

In 2021, approx. X tons of hot-dipped metal-coated sheet were exported from the Philippines; which is down by -92.2% compared with 2020. Over the period under review, exports faced a sharp contraction. The pace of growth appeared the most rapid in 2017 with an increase of 299%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, hot-dipped metal-coated sheet exports contracted remarkably to $X in 2021. In general, exports showed a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of 271% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons) was the main destination for hot-dipped metal-coated sheet exports from the Philippines, accounting for a 89% share of total exports. Moreover, hot-dipped metal-coated sheet exports to Vietnam exceeded the volume sent to the second major destination, Micronesia (X tons), more than tenfold. The third position in this ranking was held by Japan (X kg), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam totaled -29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Micronesia (-45.0% per year) and Japan (-26.4% per year).

In value terms, Vietnam ($X) emerged as the key foreign market for hot-dipped metal-coated sheet exports from the Philippines, comprising 84% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports. It was followed by Micronesia, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam amounted to -26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-18.3% per year) and Micronesia (-52.0% per year).

Export Prices by Country

In 2021, the average hot-dipped metal-coated sheet export price amounted to $X per ton, picking up by 23% against the previous year. In general, export price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, hot-dipped metal-coated sheet export price increased by +80.3% against 2018 indices. The growth pace was the most rapid in 2016 an increase of 49% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per ton), while the average price for exports to Micronesia ($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 Papua New Guinea (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Hot-Dipped Metal-Coated Sheet Imports

Imports into the Philippines

In 2021, supplies from abroad of hot-dipped metal-coated sheet decreased by -1.7% to X tons, falling for the second year in a row after two years of growth. In general, imports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 102% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, hot-dipped metal-coated sheet imports surged to $X in 2021. Overall, imports, however, posted a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 81% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) was the main supplier of hot-dipped metal-coated sheet to the Philippines, with a 94% share of total imports. Moreover, hot-dipped metal-coated sheet imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. South Korea (X tons) ranked third in terms of total imports with a 1.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+4.1% per year) and South Korea (+3.4% per year).

In value terms, China ($X) constituted the largest supplier of hot-dipped metal-coated sheet to the Philippines, comprising 91% of total imports. The second position in the ranking was held by Japan ($X), with a 4.8% share of total imports. It was followed by South Korea, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +22.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.1% per year) and South Korea (+6.4% per year).

Import Prices by Country

The average hot-dipped metal-coated sheet import price stood at $X per ton in 2021, rising by 32% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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