
Philippines - U-Sections of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: 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.
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Frequently Asked Questions (FAQ) :
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:
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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