Kamusta Na Ang Presyo Nito?: Construction Material Price Watch Q4 2023 - Pinoy Builders

Kamusta Na Ang Presyo Nito?: Construction Material Price Watch Q4 2023

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In construction projects, purchasing the right materials is one of the most important tasks to complete. With durable materials and excellent construction methods, a structure will probably be stable and stand the test of time. However, without proper materials, it can delay the progress of the project or even affect the overall quality of the building. 

All over the world, construction material prices are affected by fluctuating economies. Construction purchasing managers try to scope the market for the best purchase that will present them with high-quality materials at a suitable price, and monitoring the changing prices will help them gauge what the cost of their project will be. In this article, we will highlight recent data on this year’s construction material prices. 

 

Construction Material Price Points Q4 2023

Last year, the Philippine Statistics Authority revealed a significant drop in the price of selected commodities needed to generate construction materials, and this price decrease impacted the retail price of construction materials. From the start of this year until June, the price of these commodities continued to decrease, and so did the prices of construction materials.

According to Metal Exponents, some of the most common construction materials in the Philippines are plywood, steel, concrete, brick, and roofing materials. The price points of these materials have also dropped along with the decrease in commodities needed to generate construction materials. Below are the local price points of these common construction materials in the final quarter of 2023. It is important to note that all prices listed below are the average price, meaning the price during purchase may be higher or lower in actuality.

1. Plywood Average Price 2023

Image from Demolition Traders

Below is a chart of the average price of plywood, released by philconprices.com.

Materials DescriptionUnitAverage Price (PhP)
Coco lumberbd. ft.62.00
3/4″ x 4′ x 8′ – Plyboardpc1,074.00
1″ x 4′ x 8′ – Plyboardpc1,138.00
1/4″ x 4′ x 8′ – Marine Plywoodpc435.00
1/2″ x 4′ x 8′ – Marine Plywoodpc790.00
3/4″ x 4′ x 8′ – Marine Plywoodpc1,374.00
1/4″ x 4′ x 8′ – Ordinary Plywoodpc381.00
1/2″ x 4′ x 8′ – Ordinary Plywoodpc674.00
3/4″ x 4′ x 8′ – Ordinary Plywoodpc1,112.00
Assorted NailsKg65.00

 

2.  Rebar Average Price 2023

Image from The Constructor

The price index for reinforcement materials came from 16.5 in June 2022, to just 2.6 in June of this year. According to publicnow.com, the price index has remained stagnant until August 2023. Below is the chart of the most recent price points of rebar materials, released by jomprice.ph.

SPECIFICATIONSIZELENGTHPRICE
GRADE 6050mm Diameter12 meters4050.00
50mm Diameter9 meters3370.00
50mm Diameter7.5 meters3350.00
50mm Diameter6 meters2750.00
40mm Diameter12 meters3600.00
40mm Diameter9 meters3744.00
40mm Diameter7.5 meters2580.00
40mm Diameter6 meters1400.00
36mm Diameter12 meters3000.00
36mm Diameter9 meters2250.00
36mm Diameter7.5 meters1650.00
36mm Diameter6 meters1400.00
32mm Diameter12 meters2500.00
32mm Diameter9 meters1700.00
32mm Diameter7.5 meters1500.00
32mm Diameter6 meters1300.00
28mm Diameter12 meters1800.00
28mm Diameter9 meters1600.00
28mm Diameter7.5 meters1350.00
28mm Diameter6 meters980.00
25mm Diameter12 meters1700.00
25mm Diameter9 meters1290.00
25mm Diameter7.5 meters1100.00
25mm Diameter6 meters850.00
20mm Diameter12 meters1080.00
20mm Diameter9 meters896.00
20mm Diameter7.5 meters705.00
20mm Diameter6 meters540.00
16mm Diameter9 meters560.00
16mm Diameter7.5 meters400.00
16mm Diameter6 meters340.00
GRADE 4012mm Diameter9 meters290.00
12mm Diameter7.5 meters270.00
12mm Diameter6 meters190.00
10mm Diameter6 meters140.00
TIE WIRENo. #1625kgs/roll2200.00

 

3. Ready Mix Concrete

Image from checkatrade.com

Below is the chart of the most recent price points of rebar materials, released by yogishenna.com.

ProductCuring TimePrice
Ready-Mix Concrete 3000 PSI28 days₱4,900
14 days₱5,200
7 days₱5,450
3 days₱6,000
Ready-Mix Concrete 3500 PSI28 days₱5,100
14 days₱5,400
7 days₱5,750
3 days₱6,150
Ready-Mix Concrete 4000 PSI28 days₱5,400
14 days₱5,750
Ready-Mix Concrete 4500 PSI28 days₱5,450
14 days₱6,150
Ready-Mix Concrete 5000 PSI28 days₱5,750
14 days₱6,450
Ready-Mix Concrete 6000 PSI28 days₱6,050
14 days₱6,950

4. Roofing Materials

    

Image from Phoenix Construction Supply

Yero Price List released by jomprice.ph.

The Size of YeroPrice
0.4mm₱ 125
0.5mm₱ 155
0.5mm₱ 185

 

5. Bricks

Image from The Spruce

Concrete Hollow Blocks price list released by constructph.com.

STRENGTHSIZEPRICE
ORDINARY
4″13.00
5″14.00
6″17.00
450 PSI
4″22.00
5″23.00
6″25.00
8″32.00
500 PSI
4″26.00
5″26.00
6″26.00
8″32.00
700 PSI
4″28.00
5″28.00
6″28.50
8″34.00
1000 PSI
4″29.00
5″29.00
6″29.50
8″39.00

The Price Of Construction Materials In The Philippines

The price of construction materials in the Philippines changes with fluctuations in the economy. In addition, the status of international exporters will also affect the average price and even the availability of the materials to be distributed in the country. As the price of construction materials change with the price of other goods in the country, it is necessary to observe the shifts in the local economy to get a grasp of the prices of commodities needed in construction.

 

References:

  • Banzuelo, N. (2023, August 14). Metro Manila’s Construction Materials Retail Price Indices. BusinessWorld Online. Retrieved October 6, 2023, from https://www.bworldonline.com/infographics/2023/08/14/539583/metro-manilas-construction-materials-retail-price-indices-2/
  • Cabarle, K. (n.d.). building. Construct PH. Retrieved October 6, 2023, from https://constructph.com/concrete-hollow-blocks-chb-construction-material-philippines-prices/
  • Garcia, E. (2023, July 14). Building materials price growth in Metro Manila eases in June. BusinessWorld Online. Retrieved October 6, 2023, from https://www.bworldonline.com/economy/2023/07/14/534190/building-materials-price-growth-in-metro-manila-eases-in-june/
  • Jomprice Philippines. (n.d.). √ Plywood Price List and Size in Philippines 2023. Jomprice Philippines. Retrieved October 6, 2023, from https://jomprice.ph/plywood-price-list-philippines/#2Hardwood_Plywood_Price
  • Jomprice Philippines. (n.d.). √ Ready Mix Concrete Price and Types Philippines 2023. Jomprice Philippines. Retrieved October 6, 2023, from https://jomprice.ph/ready-mix-concrete-price-philippines/
  • Jomprice Philippines. (n.d.). √ Rebars Price List and Size in Philippines 2023. Jomprice Philippines. Retrieved October 6, 2023, from https://jomprice.ph/rebars-price-list/
  • Public Technologies. (2023, September 15). PSA – Philippine Statistics Authority (via Public) / Construction Materials Retail Price Index in the National Capital Region (2012=100): August 2023. Public Technologies. Retrieved October 6, 2023, from https://www.publicnow.com/view/BC36C3BF2F60FA969D71436A353808362FC108D1?1694756756
  • Public Technologies. (2023, September 15). PSA – Philippine Statistics Authority (via Public) / Construction Materials Retail Price Index in the National Capital Region (2012=100): August 2023. Public Technologies. Retrieved October 6, 2023, from https://www.publicnow.com/view/BC36C3BF2F60FA969D71436A353808362FC108D1?1694756756

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