Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines - 2023

Contents:

1. Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines (CIF) - 2022
2. Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines (FOB) - 2022
3. Imports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines
4. Exports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines

Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines (CIF) - 2022

In 2022, the average import price for granulated slag (slag sand) from the manufacture of iron or steel amounted to $19 per ton, with an increase of 6.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 46%. The import price peaked at $35 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +4.0% per year.

Price for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines (FOB) - 2022

The average export price for granulated slag (slag sand) from the manufacture of iron or steel stood at $463 per ton in 2022, picking up by 3,045% against the previous year. Overall, the export price enjoyed moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($8,805 per ton), while the average price for exports to China ($36 per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+702.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines

After three years of growth, supplies from abroad of granulated slag (slag sand) from the manufacture of iron or steel decreased by -25% to 247K tons in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 25% against the previous year.

In value terms, imports of granulated slag (slag sand) from the manufacture of iron or steel declined remarkably to $4.6M in 2022. Overall, imports saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 8.2% against the previous year.

Top Suppliers of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel to the Philippines in 2022:

1. Japan (246.6K tons)

Exports of Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel in the Philippines

In 2022, shipments abroad of granulated slag (slag sand) from the manufacture of iron or steel decreased by -92.4% to 2.6K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a sharp descent. The pace of growth was the most pronounced in 2020 when exports increased by 129% against the previous year.

In value terms, exports of granulated slag (slag sand) from the manufacture of iron or steel soared to $1.2M in 2022. Overall, exports, however, showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Granulated Slag (Slag Sand) from the Manufacture of Iron or Steel from the Philippines in 2022:

1. China (2222.5 tons)
2. Vietnam (172.4 tons)
3. South Korea (110.2 tons)
4. Malaysia (76.0 tons)

Source: IndexBox Market Intelligence Platform