Philippines: Threaded Metal Articles Market 2025

Threaded Metal Articles Market Size in the Philippines

In 2021, the Philippine threaded metal articles market increased by 0.1% to $X, rising for the fifth year in a row after two years of decline. In general, consumption saw resilient growth. Over the period under review, the market reached the peak level in 2021 and is likely to continue growth in the near future.

Threaded Metal Articles Production in the Philippines

In value terms, threaded metal articles production dropped to $X in 2021 estimated in export price. Overall, production saw prominent growth. The pace of growth was the most pronounced in 2018 when the production volume increased by 98% against the previous year. Threaded metal articles production peaked at $X in 2020, and then dropped slightly in the following year.

Threaded Metal Articles Exports

Exports from the Philippines

In 2021, the amount of threaded articles of iron or steel exported from the Philippines skyrocketed to X tons, growing by 2,321% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 8,642%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, threaded metal articles exports skyrocketed to $X in 2021. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 35,997% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for threaded metal articles exports from the Philippines, with a 87% share of total exports. Moreover, threaded metal articles exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +44.7%.

In value terms, the United States ($X) remains the key foreign market for threaded articles of iron or steel exports from the Philippines, comprising 83% of total exports. The second position in the ranking was taken by Japan ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +52.8%.

Export Prices by Country

In 2021, the average threaded metal articles export price amounted to $X per ton, which is down by -7% against the previous year. Over the period under review, the export price, however, posted a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 313% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Threaded Metal Articles Imports

Imports into the Philippines

In 2021, the amount of threaded articles of iron or steel imported into the Philippines surged to X tons, jumping by 27% on the previous year's figure. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 292%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, threaded metal articles imports expanded to $X in 2021. Overall, imports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 when imports increased by 144%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of threaded metal articles to the Philippines, accounting for a 93% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 1.8% share of total imports. The third position in this ranking was held by South Korea (X tons), with a 0.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +26.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+19.8% per year) and South Korea (-3.1% per year).

In value terms, China ($X) constituted the largest supplier of threaded articles of iron or steel to the Philippines, comprising 42% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total imports. It was followed by South Korea, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+34.2% per year) and South Korea (+20.1% per year).

Import Prices by Country

The average threaded metal articles import price stood at $X per ton in 2021, reducing by -19% against the previous year. Overall, the import price saw a perceptible decline. The pace of growth was the most pronounced in 2015 an increase of 97% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for China ($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 (+23.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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