Report Update Nov 1, 2024

Philippines - Prepared Binders for Foundry Moulds or Cores - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Prepared Binders Market 2024

Prepared Binders Market Size in the Philippines

In 2021, the Philippine prepared binders market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption saw a resilient expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Prepared Binders Production in the Philippines

In value terms, prepared binders production amounted to $X in 2021 estimated in export price. Over the period under review, production showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 112%. Prepared binders production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Prepared Binders Exports

Exports from the Philippines

In 2021, the amount of prepared binders for foundry moulds or cores exported from the Philippines skyrocketed to X tons, picking up by 74% compared with the year before. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 228%. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, prepared binders exports soared to $X in 2021. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 122%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

India (X tons) was the main destination for prepared binders exports from the Philippines, accounting for a 95% share of total exports. It was followed by Egypt (X tons), with a 2.8% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of volume to India amounted to +39.0%.

In value terms, India ($X) remains the key foreign market for prepared binders for foundry moulds or cores exports from the Philippines, comprising 96% of total exports. The second position in the ranking was taken by Egypt ($X), with a 0.6% share of total exports.

From 2015 to 2021, the average annual rate of growth in terms of value to India stood at +36.9%.

Export Prices by Country

In 2021, the average prepared binders export price amounted to $X per ton, with a decrease of -12.2% against the previous year. Overall, the export price saw a significant contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 10%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while the average price for exports to Egypt totaled $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-1.6%).

Prepared Binders Imports

Imports into the Philippines

In 2021, the amount of prepared binders for foundry moulds or cores imported into the Philippines surged to X tons, rising by 129% compared with the previous year's figure. Over the period under review, imports recorded a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, prepared binders imports surged to $X in 2021. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 140%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Denmark (X tons) constituted the largest prepared binders supplier to the Philippines, with a 32% share of total imports. Moreover, prepared binders imports from Denmark exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. Malaysia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled +148.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+42.7% per year) and Malaysia (+72.6% per year).

In value terms, the largest prepared binders suppliers to the Philippines were Japan ($X), Malaysia ($X) and Denmark ($X), with a combined 77% share of total imports.

Denmark, with a CAGR of +83.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average prepared binders import price stood at $X per ton in 2021, declining by -20.4% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The growth pace was the most rapid in 2020 an increase of 110% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for prepared binders for foundry moulds or cores in the world?

China remains the largest prepared binders consuming country worldwide, accounting for 23% of total volume. Moreover, prepared binders consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.8% share.

What are the largest producers of prepared binders for foundry moulds or cores in the world?

The country with the largest volume of prepared binders production was China, comprising approx. 24% of total volume. Moreover, prepared binders production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by Germany, with a 9.9% share.

What are the leading suppliers of prepared binders for foundry moulds or cores to the Philippines?

In value terms, Japan constituted the largest supplier of prepared binders to the Philippines, comprising 47% of total imports. The second position in the ranking was occupied by Thailand, with a 14% share of total imports. It was followed by Malaysia, with a 9.4% share.

What are the leading importers of prepared binders for foundry moulds or cores from the Philippines?

In value terms, India remains the key foreign market for prepared binders exports from the Philippines, comprising 70% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 26% share of total exports.

What is the average export price for prepared binders for foundry moulds or cores in the Philippines?

The average prepared binders export price stood at $1,967 per ton in 2020, dropping by -98.2% against the previous year.

What is the average import price for prepared binders for foundry moulds or cores in the Philippines?

The average prepared binders import price stood at $2,934 per ton in 2020, increasing by 112% against the previous year.

This report provides an in-depth analysis of the prepared binders 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 20595720 - Prepared binders for foundry moulds or cores

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