ASIA MANUFACTURING COST DRIVERS REPORT Q4– 2022 (Oct. Nov. Dec.) Tracking The Trends Which Drive Costs in Asia Manufacturing Executive Summary Despite supply headwinds, labor shortages, and an uncertain economic environment, Asia manufacturing continues to surpass the expectations of recent years. Manufacturing has demonstrated continued strength in 2022, building on the momentum it gained emerging […]
ASIA MANUFACTURING COST DRIVERS REPORT Q2– 2022 (April, May, June) Tracking The Trends Which Drive Costs in Asian Manufacturing Executive Summary On average, manufacturing costs moved slightly lower in Q2. Most grades of plastics, rubber, steel, aluminum, metals, wood, fuel, and shipping costs, all were lower in price while only textiles showed an increase and […]
Manufacturing costs trended sharply upward in the first quarter of 2022. Most grades of Plastics, Steel, Alum, Metals, Wood, Textiles, Ceramics increased along with costs for Fuel, and Currency. Only Rubber and Paper decreased in the quarter along with Freight costs which declined 4.8% from elevated levels in most of 2021. The cost of Labor was flat in most Asian countries but rose sharply in
After a promising first half of the year, the second half of 2021 proved lackluster for Asia manufacturing. Costs in Q4, 2021 moderated on lower demand and work interruptions caused by COVID outbreaks. These factors coupled with shortages of key semiconductor chips and power restrictions in China led to a decline in production capacity utilization.
Asia Manufacturing Stalled in Q3, 2021 Due to Energy Shortages, COVID Outbreaks, Material Supply Constraints, And Transportation Backlogs. Factory output in Asia slowed in the third quarter as manufacturers battled COVID spikes, worker shortages, material supply constraints, and energy shortages. Raw materials continued their upward trends for the most part and transportation backlogs compounded the global supply chain problems.
Asia Manufacturing Costs saw sharp rises in raw material costs and strains in supply chains in Q2. Meanwhile, contrained output and the spread of new COVID variants (especially in India) fueled further negative impact on productivity and supply chains.
The commodity price trends in the first quarter were increased in Asia. Most of grades were increased in Plastic, Rubber, Steel, Alum, Metals, Paper, and Freight. Only Fuel was down in price in this quarter, US Dollar was only up 0.79% of the CNY than last quarter. Textiles and Ceramic were mostly flat in price. The trend for World Container Index was increased
The commodity price trends in the fourth quarter were increased in Asia. Most of grades were increased in Plastic, Rubber, Steel, Alum, Metals, Paper, Fuel and Freight. Only Currency was down in price in this quarter, US Dollar was down 3.27% of the CNY then last quarter. Textiles, Ceramic and Labor were mostly flat in price. The trend for World Container
The commodity price trends in the third quarter were increased in Asia. Most of grades were increased in Rubber, Steel, Alum, Other metal, Paper, Ceramics, Fuel, Freight. Only Plastics was down in price in this quarter. Wood, Textiles were mostly flat in price, and Labor rates were steady in the lower wage countries. The Currency was down in this quarter too,
The commodity price trends in the second quarter are mixed in Asia. Some grades of Plastics and Rubber were down in price while some grades were up or maintained the price. Steel, Alum, Metals and Freight were mostly up in prices. Paper and Fuel were mostly down in price. Wood, Textiles and Ceramics were mostly flat in price, and labor rates were steady in
Manufacturing cost drivers for the entire quarter are summarized in the chart above. Leading to the decline in manufacturing costs for the first quarter of 2020 were much lower raw material prices. Most grades of Plastics, Rubber, Steel, Alum, Metals, Textiles, Ceramics and Fuel were down in price, while Wood price was flat, and only a few select grades of Paper prices went lower.
commodity price trends in the fourth quarter were again mixed. Many grades of Plastics, Steel and Ceramics were mostly down in price. While some grades of Rubber, Alum, Paper, Textiles and Fuel prices were all up. Labor rates were steady in the lower wage countries. Freight rates according to the World Container Index increased substantially.
The commodity price trends in the third quarter are mixed in Asia. Many grades of Plastics, Rubber, Paper, Textiles and Ceramics raw materials prices were mostly down in price. While some grades of Alum, Metals, Wood and Fuel prices were all up. Labor rates were steady in the lower wage countries. The trend for World Container Index was decreased.
The commodity price trends in the second quarter are down in Asia. Many grades of Plastics, Steel, Metals, Fuel, Textiles and Ceramics raw materials prices were mostly down in price. While some grades of Alum, Wood and paper prices were all up. Labor rates were steady in the lower wage countries. The trend for World Container Index was increase. Only
The commodity price trends in the fourth quarter are mostly down in Asia. Many grades of Plastics, Rubber, Steel, Alum, Metals, Paper, Textiles raw materials and Fuel prices were mostly down in price while some grades of Wood, Freight went up in price. Labor rates were steady in the lower wage countries, and Ceramics price was mixed.
The commodity price trends in the third quarter in Asia are mostly up. Many grades of Plastics, Rubber, Steel, Alum, Wood and Paper raw materials rose in price while some grades of Metals, Textiles and Ceramics went down in price. Petroleum and fuel prices were up in this quarter and labor rates were steady in the lower wage countries.
The ASIA MANUFACTURING COST of commodity price trends in the second quarter are mostly up across the board with a few rare exceptions. Most grades of plastics, industrial metals, paper, ceramic and glass raw materials all rose in price while only some grades of rubber and alumina for ceramic production were going down in price.Wood prices meanwhile remained mostly flat and Textiles prices were mixed. Petroleum and fuel
In the first quarter, there was a clear commodity price trends with most of raw materials in Asia going down in price. Many grades of plastics, steel, aluminum, paper, ceramic raw materials and other industrial metals went down in price while rubber and wood mostly rose in price. Textiles prices meanwhile remained mostly flat.
Most of the General Purpose plastic resin prices were up in the third quarter. PVC and PVC+DOT price up by 23.3% & 18.8% respectively, and the others up in price on average about 7.7%. TPE and EVA were the exception with a marginally down in price. Year over year, most plastic prices remain up in price versus one year ago.
All General Purpose plastic resin prices were down in the second quarter, PP(K8303), Food Grade PP, PE and PS down significantly (on average about 10.5%) and the others only down in price marginally. Year over year, PP(K8303) and Food Grade PP prices are down over 17% and 22% respectively, but most plastic prices remain up in price
There were no clear commodity price trends in the first quarter with some raw materials in Asia going down in price while some continuing on their upward price trend begun in the fourth quarter of 2016. Many grades of plastics, rubber, steel, paper and ceramic raw materials went down in price while aluminum, other industrial metals, and glass raw materials
Asia Manufacturing Cost Drivers were all on the rise in Q4 of 2016. It had to come eventually and the fourth quarter of 2016 certainly took the year out with a bang! Practically all raw materials tracked were on the rise with many showing the most significant increases in several years. Plastics, rubber, steel, brass, copper, nickel, corrugated paper, textiles, and
Most Asian raw materials and production cost data tracked were on the rise in third quarter. Rubber, steel, aluminum, brass, copper, nickel and paper prices were all up, while wood, textiles, and ceramics were mostly flat, and only a few select grades of
In regards to Asia Manufacturing Cost Drivers, July saw a couple tracked commodities post large increases in price. The largest being Cotton, posting a 17% gain since last month’s report. Nickel also saw big gains of over 10%. General Plastics were mainly down slightly, while Engineered Plastics remained steady. Steel & Iron prices were mainly up, in many cases
General Plastic prices were mainly flat in June. General Purpose PP varieties, Food Grade PP, and PVC saw no changes whatsoever in asking price. General Purpose PS, High Impact PS, and PET all saw increases of around 2%, while HDPE decreased by nearly 3%. Prices continue to be a mixed bag year over year with half our tracked
General Plastic prices saw a decrease in price for most varieties in April with the exception of General Purpose PP and PET which increased 3.6% and 2%, respectively. The biggest decline in plastics pricing was seen in High Impact PS, while Food Grade and HDPE varieties remained flat. Year over year, prices are a mixed bag with half our tracked
General Purpose Plastic resin prices were up by over 10% on average in March, led by GP-PP which was up close to 23%, meanwhile, Food Grade PP & PET conversely moved down slightly. Year-over-year, most prices are still significantly lower on average by over 9% , led by Food Grade PP down by over 23%, and PS prices down by 13%
General Purpose Plastic resin prices were mixed in February with General Purpose PS & High Impact PS up sharply in price by over 11% while HDPE & PET conversely moved down by 6% & 4% respectively. Meanwhile, most other GP resins prices were unchanged. Year-over-year, most prices are still significantly lower on average by over
Asia manufacturing cost driver prices showed mixed trends in the first month of 2016. Plastics were up mostly in price while rubber prices continued to drop. Carbon steel & stainless grades were mixed while Aluminum and other metals were most down while wood, paper, ceramics, labor, freight and textiles were mostly unchanged.
Asia manufacturing raw materials prices ended 2105 mixed in December. Plastics were stable or up in price slightly while rubber prices continued to drop. Carbon steel also saw an increase while stainless grades were down. Aluminum and other metals were also up a bit but wood, paper, ceramics, labor, freight and textiles were mostly unchanged.
General Purpose Plastic resin prices were down in price another 2%-8% except PET which was unchanged. Year-over-year, most prices are still significantly lower on average by over 25%, led by General Purpose PP which is down by over 34%. PET is the notable exception and is actually up in price by over 9% year-over-year.
Almost all General Purpose Plastic resin prices moved favorable again in October except PET which also moved up again in price by 3.7%. Year-over-year, most prices are still significantly lower on average by over 23%, led by General Purpose PP which is down by over 34%. One notable exception is PET which is up in price by over 9% year-over-year.
General Purpose Plastic resin prices were mostly favorable again in September except PET which moved up in price by 3.85% and HDPE was unchanged. Year-over-year, most prices are still significantly lower on average by
