Report Update Nov 1, 2024

Philippines - Iron or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Expanded Metal Market 2024

Expanded Metal Market Size in the Philippines

In 2022, the Philippine expanded metal market decreased by -8.8% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.3% against 2019 indices. Expanded metal consumption peaked at $X in 2021, and then shrank in the following year.

Expanded Metal Production in the Philippines

In value terms, expanded metal production declined to $X in 2022 estimated in export price. In general, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +17.9% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 50% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Expanded Metal Exports

Exports from the Philippines

In 2022, approx. X tons of iron or steel expanded metal were exported from the Philippines; with a decrease of -95% on the previous year's figure. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 1,756%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, expanded metal exports shrank dramatically to $X in 2022. Overall, exports recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 2,102%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Marshall Islands (X tons) was the main destination for expanded metal exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Marshall Islands amounted to +48.7%.

In value terms, Marshall Islands ($X) emerged as the key foreign market for iron or steel expanded metal exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Marshall Islands stood at +634.8%.

Export Prices by Country

In 2022, the average expanded metal export price amounted to $X per ton, increasing by 2.4% against the previous year. In general, the export price recorded a buoyant increase. The growth pace was the most rapid in 2014 when the average export price increased by 299% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Marshall Islands.

From 2012 to 2022, the rate of growth in terms of prices for Marshall Islands amounted to +393.7% per year.

Expanded Metal Imports

Imports into the Philippines

In 2022, after three years of growth, there was significant decline in supplies from abroad of iron or steel expanded metal, when their volume decreased by -12% to X tons. In general, imports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2019 with an increase of 233% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, expanded metal imports reached $X in 2022. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 127% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main expanded metal supplier to the Philippines, with a 99% share of total imports. It was followed by Hong Kong SAR (X tons), with a 0.1% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +14.6%.

In value terms, China ($X) constituted the largest supplier of iron or steel expanded metal to the Philippines, comprising 94% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +33.3%.

Import Prices by Country

In 2022, the average expanded metal import price amounted to $X per ton, picking up by 17% against the previous year. Overall, the import price saw a buoyant expansion. The pace of growth was the most pronounced in 2013 an increase of 123%. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+37.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron or steel expanded metal in the world?

China remains the largest expanded metal consuming country worldwide, accounting for 24% of total volume. Moreover, expanded metal consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of iron or steel expanded metal in the world?

China constituted the country with the largest volume of expanded metal production, comprising approx. 29% of total volume. Moreover, expanded metal production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by the United States, with a 6.4% share.

What are the leading suppliers of iron or steel expanded metal to the Philippines?

In value terms, Japan constituted the largest supplier of expanded metal to the Philippines.

What are the leading importers of iron or steel expanded metal from the Philippines?

In value terms, Japan remains the key foreign market for expanded metal exports from the Philippines, comprising 98% of total exports. The second position in the ranking was occupied by Marshall Islands, with a 0.9% share of total exports.

What is the average export price for iron or steel expanded metal in the Philippines?

In 2021, the average expanded metal export price amounted to $5,698 per ton, increasing by 22% against the previous year.

What is the average import price for iron or steel expanded metal in the Philippines?

The average expanded metal import price stood at $1,801 per ton in 2021, increasing by 5.8% against the previous year.

This report provides an in-depth analysis of the expanded metal market 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 25931350 - Iron or steel expanded metal

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023