Report Update Mar 1, 2025

Philippines - U-Sections of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Non-Alloy Steel U-Section Market 2025

Non-Alloy Steel U-Section Market Size in the Philippines

In 2022, after two years of growth, there was significant decline in the Philippine non-alloy steel u-section market, when its value decreased by -20% to $X. Overall, consumption, however, continues to indicate a significant increase. Over the period under review, the market reached the peak level at $X in 2021, and then reduced dramatically in the following year.

Non-Alloy Steel U-Section Exports

Exports from the Philippines

In 2022, overseas shipments of u-sections of non-alloy steel increased by 82% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 265%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, non-alloy steel u-section exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 314%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for non-alloy steel u-section exports from the Philippines, with a 92% share of total exports. Moreover, non-alloy steel u-section exports to the United Arab Emirates exceeded the volume sent to the second major destination, Northern Mariana Islands (X tons), more than tenfold.

From 2016 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Northern Mariana Islands (0.0% per year) and China (-53.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for u-sections of non-alloy steel exports from the Philippines, comprising 97% of total exports. The second position in the ranking was taken by Northern Mariana Islands ($X), with a 2.5% share of total exports.

From 2016 to 2022, the average annual growth rate of value to the United Arab Emirates amounted to +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Northern Mariana Islands (0.0% per year) and China (-46.5% per year).

Export Prices by Country

In 2022, the average non-alloy steel u-section export price amounted to $X per ton, surging by 21% against the previous year. Overall, the export price posted a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Northern Mariana Islands ($X per ton) was amongst the lowest.

From 2016 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.7%).

Non-Alloy Steel U-Section Imports

Imports into the Philippines

In 2022, overseas purchases of u-sections of non-alloy steel decreased by -17.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, showed a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 82%. Over the period under review, imports reached the peak figure at X tons in 2021, and then declined notably in the following year.

In value terms, non-alloy steel u-section imports fell rapidly to $X in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 121%. Imports peaked at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, China (X tons) was the main non-alloy steel u-section supplier to the Philippines, with a 97% share of total imports. It was followed by Turkey (X tons), with a 1.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +37.3%.

In value terms, China ($X) constituted the largest supplier of u-sections of non-alloy steel to the Philippines, comprising 95% of total imports. The second position in the ranking was taken by Turkey ($X), with a 2.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +37.8%.

Import Prices by Country

In 2022, the average non-alloy steel u-section import price amounted to $X per ton, which is down by -3.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 30%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+24.4%), 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 u-sections of non-alloy steel in the world?

The country with the largest volume of non-alloy steel u-section consumption was China, accounting for 26% of total volume. Moreover, non-alloy steel u-section consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of u-sections of non-alloy steel in the world?

The country with the largest volume of non-alloy steel u-section production was China, accounting for 28% of total volume. Moreover, non-alloy steel u-section production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 6.2% share.

What are the leading suppliers of u-sections of non-alloy steel to the Philippines?

In value terms, China constituted the largest supplier of non-alloy steel u-section to the Philippines.

What are the leading importers of u-sections of non-alloy steel from the Philippines?

In value terms, the United Arab Emirates remains the key foreign market for non-alloy steel u-section exports from the Philippines.

What is the average export price for u-sections of non-alloy steel in the Philippines?

In 2021, the average non-alloy steel u-section export price amounted to $940 per ton, rising by 10% against the previous year.

What is the average import price for u-sections of non-alloy steel in the Philippines?

The average non-alloy steel u-section import price stood at $670 per ton in 2021, jumping by 18% against the previous year.

This report provides an in-depth analysis of the non-alloy steel u-section 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)

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:

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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:

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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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024