Philippines: Market for Tubes, Pipes And Hoses Of Vulcanized Rubber 2025

Market Size for Tubes, Pipes And Hoses Of Vulcanized Rubber in the Philippines

In 2021, the Philippine rubber tube and pipe market increased by 183% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Exports from the Philippines

In 2021, approx. X tons of tubes, pipes and hoses of vulcanized rubber were exported from the Philippines; with a decrease of -31.1% against 2020 figures. Over the period under review, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by 442% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rubber tube and pipe exports shrank dramatically to $X in 2021. Overall, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when exports increased by 636% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for rubber tube and pipe exports from the Philippines, with a 61% share of total exports. Moreover, rubber tube and pipe exports to the United States exceeded the volume sent to the second major destination, Australia (X tons), twofold. Japan (X tons) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-3.4% per year) and Japan (-19.3% per year).

In value terms, the United States ($X) remains the key foreign market for tubes, pipes and hoses of vulcanized rubber exports from the Philippines, comprising 61% of total exports. The second position in the ranking was held by Australia ($X), with a 28% share of total exports. It was followed by Japan, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (-4.4% per year) and Japan (-19.4% per year).

Export Prices by Country

In 2021, the average rubber tube and pipe export price amounted to $X per ton, increasing by 4.7% against the previous year. In general, the export price, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 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 Australia ($X per ton), while the average price for exports to Malaysia ($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 Iran (+39.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tubes, Pipes And Hoses Of Vulcanized Rubber

Imports into the Philippines

In 2021, rubber tube and pipe imports into the Philippines skyrocketed to X tons, rising by 192% compared with the year before. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, rubber tube and pipe imports surged to $X in 2021. Overall, imports saw resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest rubber tube and pipe supplier to the Philippines, accounting for a 73% share of total imports. Moreover, rubber tube and pipe imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), ninefold. The third position in this ranking was taken by Japan (X tons), with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +36.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+12.8% per year) and Japan (+8.2% per year).

In value terms, China ($X) constituted the largest supplier of tubes, pipes and hoses of vulcanized rubber to the Philippines, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with an 18% share of total imports. It was followed by Malaysia, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +43.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+12.8% per year) and Malaysia (+8.6% per year).

Import Prices by Country

The average rubber tube and pipe import price stood at $X per ton in 2021, dropping by -12.5% against the previous year. Over the period under review, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 27%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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