Philippines: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in the Philippines

For the third consecutive year, the Philippine market for prefabricated buildings of plastics, concrete or aluminium recorded decline in sales value, which decreased by -1.4% to $X in 2021. Overall, consumption showed a slight contraction. Consumption of peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in the Philippines

In value terms, production of prefabricated buildings of plastics, concrete or aluminium stood at $X in 2021 estimated in export price. In general, production, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 49% against the previous year. Production of peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports from the Philippines

In 2021, exports of prefabricated buildings of plastics, concrete or aluminium from the Philippines skyrocketed to X tons, increasing by 104% against the previous year. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 166% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the immediate term.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium soared to $X in 2021. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 130%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Japan (X tons) and Germany (X tons) were the main destinations of exports of prefabricated buildings of plastics, concrete or aluminium from the Philippines, together accounting for 72% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +64.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prefabricated buildings of plastics, concrete or aluminium exported from the Philippines were the United States ($X), Germany ($X) and Japan ($X), with a combined 72% share of total exports.

Japan, with a CAGR of +59.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for prefabricated buildings of plastics, concrete or aluminium stood at $X per ton in 2021, increasing by 7.5% against the previous year. In general, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 when the average export price increased by 100% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to France ($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 UK (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports into the Philippines

In 2021, approx. X tons of prefabricated buildings of plastics, concrete or aluminium were imported into the Philippines; waning by -27.1% on the year before. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 141% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium contracted rapidly to $X in 2021. In general, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 83%. Imports peaked at $X in 2020, and then shrank sharply in the following year.

Imports by Country

Vietnam (X tons), China (X tons) and South Korea (X tons) were the main suppliers of imports of prefabricated buildings of plastics, concrete or aluminium to the Philippines, together comprising 88% of total imports. These countries were followed by Malaysia and Japan, which together accounted for a further 7.1%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +66.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest prefabricated buildings of plastics, concrete or aluminium suppliers to the Philippines were Vietnam ($X), China ($X) and South Korea ($X), together accounting for 88% of total imports. These countries were followed by Malaysia and Japan, which together accounted for a further 7.1%.

Japan, with a CAGR of +82.8%, saw 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 import price for prefabricated buildings of plastics, concrete or aluminium amounted to $X per ton, picking up by 8% against the previous year. Over the period under review, the import price saw a prominent increase. The pace of growth appeared the most rapid in 2019 when the average import price increased by 127%. Over the period under review, average import prices reached the maximum in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and Malaysia ($X per ton), while the price for China ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform