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 Description | Unit | Average Price (PhP) |
| Coco lumber | bd. ft. | 62.00 |
| 3/4″ x 4′ x 8′ – Plyboard | pc | 1,074.00 |
| 1″ x 4′ x 8′ – Plyboard | pc | 1,138.00 |
| 1/4″ x 4′ x 8′ – Marine Plywood | pc | 435.00 |
| 1/2″ x 4′ x 8′ – Marine Plywood | pc | 790.00 |
| 3/4″ x 4′ x 8′ – Marine Plywood | pc | 1,374.00 |
| 1/4″ x 4′ x 8′ – Ordinary Plywood | pc | 381.00 |
| 1/2″ x 4′ x 8′ – Ordinary Plywood | pc | 674.00 |
| 3/4″ x 4′ x 8′ – Ordinary Plywood | pc | 1,112.00 |
| Assorted Nails | Kg | 65.00 |
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.
| SPECIFICATION | SIZE | LENGTH | PRICE |
| GRADE 60 | 50mm Diameter | 12 meters | 4050.00 |
| 50mm Diameter | 9 meters | 3370.00 | |
| 50mm Diameter | 7.5 meters | 3350.00 | |
| 50mm Diameter | 6 meters | 2750.00 | |
| 40mm Diameter | 12 meters | 3600.00 | |
| 40mm Diameter | 9 meters | 3744.00 | |
| 40mm Diameter | 7.5 meters | 2580.00 | |
| 40mm Diameter | 6 meters | 1400.00 | |
| 36mm Diameter | 12 meters | 3000.00 | |
| 36mm Diameter | 9 meters | 2250.00 | |
| 36mm Diameter | 7.5 meters | 1650.00 | |
| 36mm Diameter | 6 meters | 1400.00 | |
| 32mm Diameter | 12 meters | 2500.00 | |
| 32mm Diameter | 9 meters | 1700.00 | |
| 32mm Diameter | 7.5 meters | 1500.00 | |
| 32mm Diameter | 6 meters | 1300.00 | |
| 28mm Diameter | 12 meters | 1800.00 | |
| 28mm Diameter | 9 meters | 1600.00 | |
| 28mm Diameter | 7.5 meters | 1350.00 | |
| 28mm Diameter | 6 meters | 980.00 | |
| 25mm Diameter | 12 meters | 1700.00 | |
| 25mm Diameter | 9 meters | 1290.00 | |
| 25mm Diameter | 7.5 meters | 1100.00 | |
| 25mm Diameter | 6 meters | 850.00 | |
| 20mm Diameter | 12 meters | 1080.00 | |
| 20mm Diameter | 9 meters | 896.00 | |
| 20mm Diameter | 7.5 meters | 705.00 | |
| 20mm Diameter | 6 meters | 540.00 | |
| 16mm Diameter | 9 meters | 560.00 | |
| 16mm Diameter | 7.5 meters | 400.00 | |
| 16mm Diameter | 6 meters | 340.00 | |
| GRADE 40 | 12mm Diameter | 9 meters | 290.00 |
| 12mm Diameter | 7.5 meters | 270.00 | |
| 12mm Diameter | 6 meters | 190.00 | |
| 10mm Diameter | 6 meters | 140.00 | |
| TIE WIRE | No. #16 | 25kgs/roll | 2200.00 |
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.
| Product | Curing Time | Price |
| Ready-Mix Concrete 3000 PSI | 28 days | ₱4,900 |
| 14 days | ₱5,200 | |
| 7 days | ₱5,450 | |
| 3 days | ₱6,000 | |
| Ready-Mix Concrete 3500 PSI | 28 days | ₱5,100 |
| 14 days | ₱5,400 | |
| 7 days | ₱5,750 | |
| 3 days | ₱6,150 | |
| Ready-Mix Concrete 4000 PSI | 28 days | ₱5,400 |
| 14 days | ₱5,750 | |
| Ready-Mix Concrete 4500 PSI | 28 days | ₱5,450 |
| 14 days | ₱6,150 | |
| Ready-Mix Concrete 5000 PSI | 28 days | ₱5,750 |
| 14 days | ₱6,450 | |
| Ready-Mix Concrete 6000 PSI | 28 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 Yero | Price |
| 0.4mm | ₱ 125 |
| 0.5mm | ₱ 155 |
| 0.5mm | ₱ 185 |
5. Bricks
Image from The Spruce
Concrete Hollow Blocks price list released by constructph.com.
| STRENGTH | SIZE | PRICE |
|---|---|---|
| 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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