Philippines: Market for Iron Or Steel Solid Fuel Domestic Appliances 2025

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in the Philippines

The Philippine metal solid fuel appliances market declined notably to $X in 2022, reducing by -15% against the previous year. In general, consumption showed a abrupt decline. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Iron Or Steel Solid Fuel Domestic Appliances in the Philippines

In value terms, metal solid fuel appliances production shrank to $X in 2022 estimated in export price. In general, production saw a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 43%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from the Philippines

In 2022, shipments abroad of iron or steel solid fuel domestic appliances decreased by -80% to X units, falling for the fifth year in a row after four years of growth. Overall, exports saw a perceptible decline. The pace of growth was the most pronounced in 2017 with an increase of 825% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, metal solid fuel appliances exports fell notably to $X in 2022. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 681%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Micronesia (X units) was the main destination for metal solid fuel appliances exports from the Philippines, accounting for a 80% share of total exports. Moreover, metal solid fuel appliances exports to Micronesia exceeded the volume sent to the second major destination, Myanmar (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Micronesia was relatively modest.

In value terms, Micronesia ($X) emerged as the key foreign market for iron or steel solid fuel domestic appliances exports from the Philippines, comprising 97% of total exports. The second position in the ranking was taken by Myanmar ($X), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Micronesia was relatively modest.

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, growing by 119% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced slump. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 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 Micronesia ($X per unit), while the average price for exports to Myanmar totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+12.9%).

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into the Philippines

In 2022, after two years of growth, there was significant decline in purchases abroad of iron or steel solid fuel domestic appliances, when their volume decreased by -79.9% to X units. Overall, imports showed a sharp contraction. The growth pace was the most rapid in 2020 with an increase of 107%. Imports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, metal solid fuel appliances imports reduced rapidly to $X in 2022. In general, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2020 when imports increased by 126%. Over the period under review, imports hit record highs at $X in 2021, and then dropped significantly in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of metal solid fuel appliances to the Philippines, accounting for a 95% share of total imports. It was followed by Taiwan (Chinese) (X units), with a 3% share of total imports.

From 2017 to 2022, the average annual growth rate of volume from China amounted to -25.9%.

In value terms, China ($X) constituted the largest supplier of iron or steel solid fuel domestic appliances to the Philippines, comprising 93% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 2.7% share of total imports.

From 2017 to 2022, the average annual growth rate of value from China amounted to -13.5%.

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, which is down by -2.7% against the previous year. Over the period under review, import price indicated a prominent increase from 2017 to 2022: its price increased at an average annual rate of +16.0% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal solid fuel appliances import price increased by +110.5% against 2017 indices. The pace of growth was the most pronounced in 2018 an increase of 77%. The import price peaked at $X per unit in 2021, and then declined modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Taiwan (Chinese) totaled $X per unit.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+23.3%).

Source: IndexBox Platform

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