| Product Code: ETC12862369 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, the Philippines continued to see significant iron scrap import shipments from key exporting countries such as Taiwan, Thailand, Japan, South Korea, and China. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the compound annual growth rate (CAGR) from 2020 to 2024 was notably negative at -20.43%. Furthermore, the growth rate from 2023 to 2024 witnessed a steep decline of -45.71%, reflecting potential shifts in market dynamics or economic conditions impacting iron scrap imports in the Philippines.

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 Iron Scrap Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Iron Scrap Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Iron Scrap Market - Industry Life Cycle |
3.4 Philippines Iron Scrap Market - Porter's Five Forces |
3.5 Philippines Iron Scrap Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Philippines Iron Scrap Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Philippines Iron Scrap Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Philippines Iron Scrap Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for steel production in the construction industry |
4.2.2 Increasing awareness and emphasis on recycling and sustainability |
4.2.3 Infrastructure development projects driving demand for iron scrap |
4.3 Market Restraints |
4.3.1 Fluctuating global iron ore prices impacting the scrap market |
4.3.2 Competition from alternative materials like aluminum and plastics in certain applications |
5 Philippines Iron Scrap Market Trends |
6 Philippines Iron Scrap Market, By Types |
6.1 Philippines Iron Scrap Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Philippines Iron Scrap Market Revenues & Volume, By Application, 2021 - 2031F |
6.1.3 Philippines Iron Scrap Market Revenues & Volume, By Steel Manufacturing, 2021 - 2031F |
6.1.4 Philippines Iron Scrap Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
6.1.5 Philippines Iron Scrap Market Revenues & Volume, By Construction, 2021 - 2031F |
6.1.6 Philippines Iron Scrap Market Revenues & Volume, By Shipbuilding, 2021 - 2031F |
6.1.7 Philippines Iron Scrap Market Revenues & Volume, By Machinery, 2021 - 2031F |
6.2 Philippines Iron Scrap Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Philippines Iron Scrap Market Revenues & Volume, By Heavy Melting Scrap, 2021 - 2031F |
6.2.3 Philippines Iron Scrap Market Revenues & Volume, By Shredded Scrap, 2021 - 2031F |
6.3 Philippines Iron Scrap Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Philippines Iron Scrap Market Revenues & Volume, By Steel Manufacturers, 2021 - 2031F |
6.3.3 Philippines Iron Scrap Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
6.3.4 Philippines Iron Scrap Market Revenues & Volume, By Construction Industry, 2021 - 2031F |
7 Philippines Iron Scrap Market Import-Export Trade Statistics |
7.1 Philippines Iron Scrap Market Export to Major Countries |
7.2 Philippines Iron Scrap Market Imports from Major Countries |
8 Philippines Iron Scrap Market Key Performance Indicators |
8.1 Scrap metal prices in the Philippines market |
8.2 Recycling rate of iron scrap in the country |
8.3 Export/import volumes of iron scrap in the Philippines |
9 Philippines Iron Scrap Market - Opportunity Assessment |
9.1 Philippines Iron Scrap Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Philippines Iron Scrap Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Philippines Iron Scrap Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Philippines Iron Scrap Market - Competitive Landscape |
10.1 Philippines Iron Scrap Market Revenue Share, By Companies, 2024 |
10.2 Philippines Iron Scrap Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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