Product Code: ETC028489 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines is one of the world???s leading steel wire importers. In 2019, it imported around 1 million metric tons of steel wires, making it the second largest importer in Southeast Asia after China. The country has also seen increasing demand for stainless steel wires and other high-end products due to its growing economy and robust industrialisation
The Philippine economy is expected to grow at a rapid rate between 2020 and 2026 as investments continue to pour into various sectors such as tourism, manufacturing, energy etc. This will drive up demand for steel wires from a variety of industries including construction and automotive components manufacturing which are highly dependent on this raw material for their operations. Additionally, incentives such as tax exemptions have been made available by the government in order to attract more foreign investment into the country which has had positive impacts on trade growth within the region resulting in increased imports of steel wire products from abroad. Additionally, international companies setting base in Philippines benefit local businesses through technology transfer thus further boosting domestic production capabilities over time. Further, technology advancements have contributed significantly towards improving quality standards while reducing costs associated with production processes which has enabled manufacturers based out of Philippines to compete with established players globally when it comes to delivering superior quality products at competitive prices. Further development along these lines can be expected over coming years that would help strengthen their position even further on global scale.
Steel Wire purchases currently account for majority share among all raw materials used by local manufacturers thereby driving up operational costs significantly if compared against those incurred due to purchasing other items like chemicals or machinery parts . This affects profitability margins adversely thus posing challenge before them especially during tough economic times when resources may become limited causing them face liquidity pressures eventually
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Steel Wires Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Steel Wires Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Steel Wires Market - Industry Life Cycle |
3.4 Philippines Steel Wires Market - Porter's Five Forces |
3.5 Philippines Steel Wires Market Revenues & Volume Share, By Grade, 2020 & 2030F |
3.6 Philippines Steel Wires Market Revenues & Volume Share, By End-Use Industry, 2020 & 2030F |
4 Philippines Steel Wires Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Steel Wires Market Trends |
6 Philippines Steel Wires Market, By Types |
6.1 Philippines Steel Wires Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Philippines Steel Wires Market Revenues & Volume, By Grade, 2020-2030F |
6.1.3 Philippines Steel Wires Market Revenues & Volume, By Carbon Steel, 2020-2030F |
6.1.4 Philippines Steel Wires Market Revenues & Volume, By Stainless Steel, 2020-2030F |
6.1.5 Philippines Steel Wires Market Revenues & Volume, By Alloy Steel, 2020-2030F |
6.2 Philippines Steel Wires Market, By End-Use Industry |
6.2.1 Overview and Analysis |
6.2.2 Philippines Steel Wires Market Revenues & Volume, By Automotive, 2020-2030F |
6.2.3 Philippines Steel Wires Market Revenues & Volume, By Construction, 2020-2030F |
6.2.4 Philippines Steel Wires Market Revenues & Volume, By Energy, 2020-2030F |
6.2.5 Philippines Steel Wires Market Revenues & Volume, By Agriculture, 2020-2030F |
6.2.6 Philippines Steel Wires Market Revenues & Volume, By Others, 2020-2030F |
7 Philippines Steel Wires Market Import-Export Trade Statistics |
7.1 Philippines Steel Wires Market Export to Major Countries |
7.2 Philippines Steel Wires Market Imports from Major Countries |
8 Philippines Steel Wires Market Key Performance Indicators |
9 Philippines Steel Wires Market - Opportunity Assessment |
9.1 Philippines Steel Wires Market Opportunity Assessment, By Grade, 2020 & 2030F |
9.2 Philippines Steel Wires Market Opportunity Assessment, By End-Use Industry, 2020 & 2030F |
10 Philippines Steel Wires Market - Competitive Landscape |
10.1 Philippines Steel Wires Market Revenue Share, By Companies, 2023 |
10.2 Philippines Steel Wires Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |