INDUSTRIES & MARKETS

Construction sector in the

Philippines
 Table of Contents

01 Overview 04 Public
GDP share Philippines 2022, by sector 04 Infrastructure projects of the government Philippines 2023, by status 23
Gross value added generated from the construction sector Philippines 2018-2022 05 Number of infrastructure flagship projects Philippines 2023, by location 24
Approved investments construction industry Philippines 2012-2021 06 Number of infrastructure projects of the government Philippines 2023, by agency 25
Employment distribution construction business Philippines 2020, by industry group 07 Number of infrastructure projects of the government Philippines 2023, by funding 26
Number of approved building constructions Philippines 2022, by region 08 Government infrastructure projects funding value Philippines 2017-2021, by source 27
Construction value from approved buildings Philippines 2021, by region 09
05 Construction materials
02 Residential Wholesale price index of construction materials in NCR Philippines 2022, by month 29
Number of residential constructions Philippines 2011-2022 11 Average wholesale price index of construction materials in NCR Philippines 2012-2022 30
Floor area of approved residential building constructions Philippines 2011-2022 12 Wholesale price index of construction materials NCR Philippines 2023, by item 31
Residential constructions average cost per square meters Philippines Q1 2020-Q1 2023 13 YoY change of construction materials wholesale price index NCR Philippines 2012-2022 32
Residential building construction value Philippines Q1 2020-Q4 2021 14 Change of construction materials wholesale price index NCR Philippines 2022, by item 33
Retail price index of construction materials in NCR Philippines 2022, by month 34
03 Non-residential Average retail price index of construction materials Philippines NCR 2022, by item 35

Number of non-residential building constructions Philippines 2011-2022 16 YoY change of construction materials retail price index NCR Philippines 2022, by item 36

Floor area of approved non-residential building constructions Philippines 2011-2022 17 Average change of construction materials retail price index NCR Philippines 2012-2022 37

Non-residential constructions average cost per sqm Philippines Q1 2020-Q1 2023 18

Institutional constructions average cost per sqm Philippines Q1 2020-Q4 2021 19 06 Market players
Industrial constructions average cost per sqm Philippines Q1 2020-Q1 2023 20 Revenue of Ayala Land Inc. Philippines 2014-2022 39
Non-residential building construction value Philippines Q1 2020-Q4 2021 21 Megaworld Corporation consolidated revenues Philippines FY 2012-FY 2022 40

1
 Table of Contents

Revenue of DM Consunji Philippines FY 2018-FY 2022 41

Gross profit of EEI Corporation Philippines FY 2020-FY 2022 42

2
CHAPTER 01

Overview
 Percent share to the gross domestic product (GDP) of the Philippines in
2022, by sector
GDP share Philippines 2022, by sector

GDP share
0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

Manufacturing 18.7%

Wholesale and retail trade; repair of motor vehicles and motorcycles 18.6%

Financial and insurance activities 10%

Agriculture, forestry, and fishing 8.9%

Construction 7%

Professional and business services 6.2%

Real estate and ownership of dwellings 5.6%

Public administration and defense; compulsory social activities 5%

Education 4%

Information and communication 3.5%

Transportation and storage 3.4%

Electricity, steam, water and waste management 3.2%

Human health and social work activities 1.8%

Accommodation and food service activities 1.6%

Mining and quarrying 0.8%

4 Description: In 2022, the manufacturing sector contributed the highest share of gross domestic product (GDP) in the Philippines at 18.7 percent. This was followed by wholesale and retail trade alongside the repair of motor vehicles and motorcycles accounting for
18.6 percent. Read more
Note(s): Philippines; 2022; figures are at constant 2018 prices
Source(s): PSA (Philippines)
 Gross value added generated from the construction sector in the
Philippines from 2018 to 2022 (in billion Philippine pesos)
Gross value added generated from the construction sector Philippines 2018-2022

1,800

1,600 1,535.73
Gross value added in billion Philippine pesos

1,373.84 1,392.16
1,400
1,234.81
1,200 1,122.31

1,000

800

600

400

200

0
2018 2019 2020 2021 2022

5 Description: The gross value added generated from the construction sector in the Philippines amounted to approximately 1.4 trillion Philippine pesos as of 2022. The value added from the construction sector fluctuated in the past four years. Read more
Note(s): Philippines; 2018 to 2022; figures are at constant 2018 prices
Source(s): PSA (Philippines)
 Total value of approved investments in the construction industry in the
Philippines from 2012 to 2021 (in billion Philippine pesos)
Approved investments construction industry Philippines 2012-2021

100
93.31
90
80.85
Value of approved investments in billion

80

70
Philippine pesos

60

50

40

28.25
30
18.79
20
8.81
10
0.58 2.09 0.53
0.08
0
2012 2013 2014 2015 2016 2017 2018 2020 2021

6 Description: In 2020, the total value of approved investments in the Philippines' construction industry amounted to approximately 28.25 billion Philippine pesos. The total value of investments in the construction industry declined significantly between 2015 and 2017.
Read more
Note(s): Philippines; 2012 to 2021
Source(s): Department of Trade and Industry (Philippines)
 Number of employees in the construction establishments in the
Philippines in 2020, by industry group (in 1,000s)
Employment distribution construction business Philippines 2020, by industry group

Number of employees in thousands

0 50 100 150 200 250 300 350

Construction of buildings 116.38

Construction of roads and railways 78.17

Electrical, plumbing and other construction installation activities 38.45

Construction of utility projects 33.97

Construction of other civil engineering projects 14.41

Other specialized construction activities 9.91

Building completion and finishing 9.58

Demolition and site preparation 3.37

Total 304.24

7 Description: In 2020, the majority of the employees in the construction establishments in the Philippines were working in the construction of buildings, totaling 116.4 thousand. On the other hand, there were about 3,400 employees in the demolition and site
preparation. Read more
Note(s): Philippines; 2020
Source(s): PSA (Philippines)
 Number of constructions from approved building permits in the
Philippines in 2022, by region
Number of approved building constructions Philippines 2022, by region

Number of constructions
0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000

IVA - CALABARZON 42,496

III - Central Luzon 19,559

VII - Central Visayas 18,066

I - Ilocos Region 14,635

XI - Davao Region 11,150

National Capital Region 11,073

VI - Western Visayas 10,322

X - Northern Mindanao 9,939

II - Cagayan Valley 6,217

VIII - Eastern Visayas 5,232

V - Bicol Region 4,717

XII - SOCCSKSARGEN 4,448

XIII - Caraga 3,524

MIMAROPA Region 3,516

IX - Zamboanga Peninsula 2,913

8 Description: In 2022, roughly 43 thousand buildings were constructed in the CALABARZON Region of the Philippines. Within the same year, the overall construction value in this region was approximately 93 billion Philippine pesos. Read more
Note(s): Philippines; 2022
Source(s): PSA (Philippines)
 Value of constructions from approved buildings in the Philippines in 2021,
by region (in billion Philippine pesos)
Construction value from approved buildings Philippines 2021, by region

Value in billion Philippine pesos

0 20 40 60 80 100 120

National Capital Region 104.75

IVA - CALABARZON 79.88

III - Central Luzon 49.45

VII - Central Visayas 28.87

I - Ilocos Region 26.06

VI - Western Visayas 23.06

XII - SOCCSKSARGEN 13.92

XI - Davao Region 12.95

V - Bicol Region 12.34

VIII - Eastern Visayas 10.33

X - Northern Mindanao 9.09

II - Cagayan Valley 8.3

Cordillera Administrative Region (CAR) 5.84

XIII - Caraga 5.29

MIMAROPA Region 5.03

9 Description: In 2021, the total value of construction from approved building permits in the Philippines amounted to approximately 400 billion Philippine pesos, of which 105 billion came from the National Capital Region. Meanwhile, approved building permit
constructions in CALABARZON had a total value of about 80 billion Philippine pesos. Read more
Note(s): Philippines; 2021
Source(s): PSA (Philippines)
CHAPTER 02

Residential
 Number of constructions from approved residential building permits in
the Philippines from 2011 to 2022 (in 1,000s)
Number of residential constructions Philippines 2011-2022

140
126.43 124.28
121.11
120 113.1 115.77
Number of building permits in thousands

110.94

97.17
100
87.77 90.2
87.35 87.42
81.54
80

60

40

20

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

11 Description: In 2022, the total number of constructions from approved residential building permits in the Philippines amounted to about 121 thousand. This reflects a significant increase compared to the previous year's total of around 116 thousand. Read more
Note(s): Philippines; 2011 to 2022
Source(s): PSA (Philippines)
 Floor area of constructions from approved residential building permits in
the Philippines from 2011 to 2022 (in million square meters)
Floor area of approved residential building constructions Philippines 2011-2022

25
22.96

20.01
20 18.87 19.29
Floor area in million square meters

17.59
16.3
15.72
14.94
15 13.69 13.67
12.4
11.67

10

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

12 Description: The total floor area of all constructions from approved permits for residential buildings in the Philippines amounted to about 19.3 million square meters in 2022. The floor area of all approved residential buildings was highest in 2018. Read more
Note(s): Philippines; 2011 to 2022
Source(s): PSA (Philippines)
 Average cost per square meter of residential constructions in the Philippines
from 1st quarter 2020 to 1st quarter 2023 (in 1,000 Philippine pesos)
Residential constructions average cost per square meters Philippines Q1 2020-Q1 2023

14

11.77
Average cost per sqm in thousand Philippine

12
10.99 10.91 11.14 10.88
10.63 10.84 10.76
10.44 10.51 10.38 10.5
10 9.66

8
pesos

0
Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23*

13 Description: Preliminary figures suggest that residential construction in the Philippines cost an average of around 10.5 thousand Philippine pesos per square meter as of the first quarter of 2023. During this quarter, there were over 40 thousand constructions of
approved residential building permits in the country. Read more
Note(s): Philippines; Q1 2020 to Q1 2023; *Preliminary One Philippines peso is equal to 0.018 U.S. dollars and 0.017 euros as of August 2023. Figures have been rounded. Read more
Source(s): PSA (Philippines)
 Total value of residential building constructions in the Philippines from 1st
quarter 2020 to 4th quarter 2021 (in billion Philippine pesos)
Residential building construction value Philippines Q1 2020-Q4 2021

60

50 48.4
46.2 46.21
Total value in billion Philippine pesos

43.8

40 36.5
32.6
28.9
30

20

12.5

10

0
Q1 '20 Q2 '20 Q3 '20 Q4 '20* Q1 '21* Q2 '21 Q3 '21* Q4 '21*

14 Description: During the first quarter of 2021, the total value of residential building constructions in the Philippines amounted to 46.2 billion Philippine pesos. The value of residential building constructions in the country was lowest during the second quarter of 2020.
Read more
Note(s): Philippines; Q1 2020 to Q4 2021; *Preliminary One Philippine peso is equal to 0.018 U.S. dollars and 0.018 euros as of August 2022. Figures were taken from multiple reports. Read more
Source(s): PSA (Philippines)
CHAPTER 03

Non-residential
 Number of constructions from approved non-residential building permits
in the Philippines from 2011 to 2022 (in 1,000s)
Number of non-residential building constructions Philippines 2011-2022

35

29.65
30
Number of building permits in thousands

26.65
25.55
24.38
25
21.35
19.41
20
17.85
15.95 16.13
14.88 14.62 15.19
15

10

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

16 Description: The total number of constructions from approved non-residential building permits in the Philippines amounted to about 30 thousand in 2022. That same year, the total non-residential building space approved for construction was about 17.52 million
square meters. Read more
Note(s): Philippines; 2011 to 2022
Source(s): PSA (Philippines)
 Floor area of constructions from approved non-residential building
permits in the Philippines from 2011 to 2022 (in million square meters)
Floor area of approved non-residential building constructions Philippines 2011-2022

25

20.92

20
Floor area in million square meters

17.41 17.52

15.04
15 14.42
13.68
12.81 12.79
12.29
11.3
10.28
10 8.88

0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

17 Description: In 2022, the total floor area of all the approved permits for non-residential building construction in the Philippines was about 17.52 million square meters. This indicated an increase of about 28 percent from the previous year's floor area. Read more
Note(s): Philippines; 2011 to 2022
Source(s): PSA (Philippines)
 Average cost per square meter of non-residential constructions in the
Philippines from 1st quarter 2020 to 1st quarter 2023 (in 1,000 Philippine pesos)
Non-residential constructions average cost per sqm Philippines Q1 2020-Q1 2023

14

11.71 11.93
Average cost per sqm in thousand Philippine

12 11.41 11.34
10.68 10.74
10.26 10.44
9.92 10.02 10.15
9.87 9.75
10

8
pesos

0
Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23*

18 Description: As of the first quarter of 2023, preliminary figures reflect that non-residential constructions in the Philippines cost an average of 11.34 thousand Philippine pesos per square meter. The average per square meter cost of non-residential constructions in the
country was lowest in the fourth quarter of 2022. Read more
Note(s): Philippines; Q1 2020 to Q1 2023; *Preliminary One Philippines peso is equal to 0.018 U.S. dollars and 0.017 euros as of August 2023. Figures were taken from multiple reports. Read more
Source(s): PSA (Philippines)
 Average cost per square meter of institutional constructions in the Philippines
from 1st quarter 2020 to 4th quarter 2021 (in 1,000 Philippine pesos)
Institutional constructions average cost per sqm Philippines Q1 2020-Q4 2021

16 15.23
14.66

14 13.35
Average cost per sqm in thousand Philippine

13.01 13.17 13.17

12.86

12 11.29

10
pesos

0
Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21*

19 Description: As of the first quarter of 2021, institutional constructions in the Philippines cost an average of 15.2 thousand Philippine pesos per square meter. The average per square meter cost of institutional constructions in the country was lowest in the first quarter
of 2020. Read more
Note(s): Philippines; Q1 2020 to Q4 2021; *Preliminary One Philippine peso is equal to 0.018 U.S. dollars and 0.018 euros as of August 2022. Figures were taken from multiple reports. Read more
Source(s): PSA (Philippines)
 Average cost per square meter of industrial constructions in the Philippines
from 1st quarter 2020 to 1st quarter 2023 (in 1,000 Philippine pesos)
Industrial constructions average cost per sqm Philippines Q1 2020-Q1 2023

18
16.55
16.18
16
Average cost per sqm in thousand Philippine

14 13.17 13.17

12
9.98
10 9.25 9.59 9.58
9.21
8.73
pesos

7.38 7.64
8

6 5.2

0
Q1 '20 Q2 '20 Q3 '20 Q4 '20 Q1 '21 Q2 '21 Q3 '21 Q4 '21 Q1 '22 Q2 '22 Q3 '22 Q4 '22 Q1 '23

20 Description: As of the first quarter of 2023, preliminary figures indicated that the average cost per square meter of industrial construction in the Philippines amounted to around 13.17 thousand Philippine pesos. The average per square meter cost of industrial
construction in the country peaked in the second quarter of 2021. Read more
Note(s): Philippines; Q1 2020 to Q1 2023; *Preliminary One Philippines peso is equal to 0.018 U.S. dollars and 0.017 euros as of August 2023. Figures were taken from multiple reports. Read more
Source(s): PSA (Philippines)
 Total value of non-residential building constructions in the Philippines
from 1st quarter 2020 to 4th quarter 2021 (in billion Philippine pesos)
Non-residential building construction value Philippines Q1 2020-Q4 2021

50
44.3
45

40
Total value in billion Philippine pesos

36.34
35 32.8
30.2 30.18
29.1
30
26
25

20

15
11.9

10

0
Q1 '20 Q2 '20 Q3 '20 Q4 '20* Q1 '21* Q2 '21 Q3 '21* Q4 '21*

21 Description: During the first quarter of 2021, the total value of non-residential building constructions in the Philippines amounted to 29.1 billion Philippine pesos. The value of non-residential building constructions in the country was lowest in the second quarter of
2020. Read more
Note(s): Philippines; Q1 2020 to Q4 2021; *Preliminary One Philippine peso is equal to 0.018 U.S. dollars and 0.018 euros as of August 2022. Figures were taken from multiple reports. Read more
Source(s): PSA (Philippines)
CHAPTER 04

Public
 Number of infrastructure projects of the government of the Philippines as
of March 2023, by status
Infrastructure projects of the government Philippines 2023, by status

Number of infrastructure projects

0 10 20 30 40 50 60 70 80

Ongoing 68

Approved for implementation 25

For government approval 9

Under project preparation 52

Pre-project preparation 40

23 Description: As of March 2023, 68 projects or 35 percent of the infrastructure projects of the national government in the Philippines are ongoing. Meanwhile, nine were still waiting for government approval. There are 194 infrastructure flagship projects (IFPs) currently
under the Build Better More program. Read more
Note(s): Philippines; as of March 2023
Source(s): BSP; National Economic and Development Authority (Philippines)
 Total number of Infrastructure Flagship Projects (IFPs) in the Philippines as
of March 2023, by location
Number of infrastructure flagship projects Philippines 2023, by location

140
126

120
Number of infrastructure projects

100

80

60

43
40
25
20

0
Region-specific Interregional Nationwide

24 Description: As of March 2023, 126 region-specific Infrastructure Flagship Projects (IFPs) were under the Build Better More program in the Philippines. Meanwhile, there were 25 projects nationwide. Read more
Note(s): Philippines; as of March 2023
Source(s): BSP; National Economic and Development Authority (Philippines)
 Total number of infrastructure flagship projects (IFPs) in the Philippines as
of March 2023, by agency
Number of infrastructure projects of the government Philippines 2023, by agency

Number of infrastructure projects

0 10 20 30 40 50 60 70 80

DOTr 71

DPWH 58

NIA 28

DA 12

DPWH/TRB 5

DOH 3

DICT 3

MWSS 3

PPA 2

UP 2

PSA 1

SBMA 1

DOST 1

NPC 1

ZCSEZA 1

25 Description: As of March 2023, the Department of Transportation in the Philippines had about 71 infrastructure projects, making it the agency with the highest number of flagship infrastructure projects (IFPs) under the Build Better More program. Meanwhile, there
were 58 IFPs under the Department of Public Works and Highways. Read more
Note(s): Philippines; as of March 2023
Source(s): BSP; National Economic and Development Authority (Philippines)
 Total number of infrastructure flagship projects (IFPs) in the Philippines as
of March 2023, by funding source
Number of infrastructure projects of the government Philippines 2023, by funding

Number of infrastructure projects

0 10 20 30 40 50 60 70 80 90

ODA 82

GAA 64

PPP 37

PPP/STOA 5

PPP/PTMRF 2

TBD 2

ODA/PPP 1

GAA/PPP 1

26 Description: As of March 2023, 82 out of the 194 infrastructure flagship projects (IFPs) under the Build Better More Program in the Philippines were funded by the Official development assistance or ODA. The ODA, as defined in Republic Act 8182 - ODA Act of 1996 is a
loan or a grant administered to promote sustainable social and economic development and welfare of the Philippines. ODA resources must be contracted with governments of foreign countries with whom the Philippines has diplomatic, [...] Read more
Note(s): Philippines; as of March 2023
Source(s): BSP; National Economic and Development Authority (Philippines)
 Funding value of infrastructure projects of the government of the Philippines
from 2017 to 2021, by funding source (in billion Philippine pesos)
Government infrastructure projects funding value Philippines 2017-2021, by source

Funding value in billion Philippine pesos

0 100 200 300 400 500 600 700 800

China 708

Japan 472

GAA 181

ODA (TBD) 172

Korea 14

WB/AFD 5

27 Description: China was the major funding source of the Philippine government's flagship infrastructure projects from 2017 to 2021. Projects funded by loans from the Chinese government amounted to 708 billion Philippine pesos. On the other hand, the Japanese
government funded a total of 472 billion Philippine pesos worth of infrastructure projects. Read more
Note(s): Philippines; 2017 to 2021
Source(s): National Economic and Development Authority (Philippines); Rappler
CHAPTER 05

Construction materials
 Monthly wholesale price index of construction materials in the National
Capital Region (NCR) in the Philippines in 2022
Wholesale price index of construction materials in NCR Philippines 2022, by month

160

137.9 138.8 138.9 138.9

140 131.2 132.3 132.7 133.1
126.9 127.4 129.4 129.9
Average monthly retail price index

120

100

80

60

40

20

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

29 Description: As of November and December 2022, the wholesale price index of construction materials in the National Capital Region (NCR) of the Philippines amounted to 138.9, higher than the base value of 100 in 2012. For the whole year, the region's lowest
wholesale price index of construction materials was recorded in January. Read more
Note(s): Philippines; January to December 2022
Source(s): PSA (Philippines)
 Average wholesale price index of construction materials in the National
Capital Region (NCR) in the Philippines from 2012 to 2022
Average wholesale price index of construction materials in NCR Philippines 2012-2022

140 133.1
122.9
117.7 119.1
120 114.3
107.4 109.2
104.9 106.5
100 102.4
100
Average retail price index

80

60

40

20

0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

30 Description: In 2022, the average wholesale price index of construction materials in the National Capital Region (NCR) of the Philippines amounted to 133.1, higher than the base value of 100 in 2012. The region's average wholesale price index of construction materials
has gradually increased. Read more
Note(s): Philippines; 2012 to 2022
Source(s): PSA (Philippines)
 Wholesale price index of construction materials in the National Capital
Region (NCR) in the Philippines as of June 2023, by item
Wholesale price index of construction materials NCR Philippines 2023, by item

Wholesale retail price index

0 20 40 60 80 100 120 140 160 180

Machinery and equipment rental 152.9

Sand and gravel 150.6

Electrical works 149.8

Lumber 148.3

G.I. sheet 148.2

Fuels and lubricants 146.2

Concrete products and cement 141.7

Reinforcing and structural steel 140.9

Tileworks 138.9

Hardware 137.7

Plumbing fixtures and accessories/waterworks 137.4

Glass and glass products 130.4

Painting works 126.4

Plywood 125.7

PVC pipes 123.9

31 Description: As of June 2023, machinery and equipment rental had the highest wholesale price index among construction materials in the National Capital Region (NCR) of the Philippines at 152.9. This was higher than the base value of 100 in 2012. In contrast, asphalt
had a wholesale price index of 104.2. Read more
Note(s): Philippines; as of June 2023
Source(s): PSA (Philippines)
 Average year-on-year change of construction materials wholesale price index
in the National Capital Region (NCR) in the Philippines from 2012 to 2022
YoY change of construction materials wholesale price index NCR Philippines 2012-2022

9%
8.3%
8%

7%

6%
Growth rate

5% 4.7%

4% 3.7%
3.2%
3%
3%
2.4% 2.4%

2% 1.7%
1.5%
1.2%
1% 0.8%

0%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

32 Description: In 2022, the average wholesale price index of construction materials in the National Capital Region (NCR) of the Philippines grew by 8.3 percent compared to the previous year. The lowest average year-on-year change was recorded in 2016 at 0.8 percent.
Read more
Note(s): Philippines; 2012 to 2022
Source(s): PSA (Philippines)
 Average year-on-year change of construction materials wholesale price index
in the National Capital Region (NCR) in the Philippines in 2022, by item
Change of construction materials wholesale price index NCR Philippines 2022, by item

Growth rate
0% 5% 10% 15% 20% 25% 30% 35%

Fuels and lubricants 30.3%

G.I. sheet 13.4%

Reinforcing and structural steel 12.1%

Electrical works 8.5%

Painting works 7.5%

Plumbing fixtures and accessories/waterworks 7.2%

Concrete products and cement 6.9%

PVC pipes 5.9%

Hardware 5.8%

Sand and gravel 5.1%

Plywood 5%

Lumber 5%

Doors, jambs, and steel casement 3.7%

Glass and glass products 2.5%

Tileworks 1.4%

33 Description: Fuels and lubricants accounted for the highest average year-on-year change of construction materials wholesale price index in the National Capital Region (NCR) of the Philippines at 30.3 percent compared to the previous year. Meanwhile, asphalt, and
machinery and equipment rental recorded no change in this period. Read more
Note(s): Philippines; 2022
Source(s): PSA (Philippines)
 Monthly retail price index of construction materials in the National Capital
Region (NCR) in the Philippines in 2022
Retail price index of construction materials in NCR Philippines 2022, by month

140

120.9 121.1 121.9 122.3 122.6 123 123.1 123.2 123

116.9 117.5 119.4
120
Average monthly retail price index

100

80

60

40

20

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

34 Description: The average retail price index of construction materials in the National Capital Region in the Philippines fluctuated in the last four months of 2022, reaching 123 in December, higher than the base value of 100 in 2012. Across commodity groups,
miscellaneous construction materials had the highest year-on-year percent change. Read more
Note(s): Philippines; January to December 2022
Source(s): PSA (Philippines)
 Average retail price index of construction materials in the National Capital
Region (NCR) in the Philippines in 2022, by item
Average retail price index of construction materials Philippines NCR 2022, by item

Average retail price index

0 20 40 60 80 100 120 140 160

Tinsmithry materials 135.5

Carpentry materials 121.3

Masonry materials 121

Miscellaneous construction materials 117.1

Painting materials and related compounds 116.3

Plumbing materials 114.7

Electrical materials 112.3

35 Description: In 2022, tinsmithry materials had the highest average retail price index in the National Capital Region (NCR) of the Philippines at 135.5, higher than the base value of 100 in 2012. In comparison, electricty materials had an average retail price index of 112.3
that year. Read more
Note(s): Philippines; 2022
Source(s): PSA (Philippines)
 Average year-on-year change of construction materials retail price index in
the National Capital Region in the Philippines in 2022, by item
YoY change of construction materials retail price index NCR Philippines 2022, by item

Growth rate
0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10%

Miscellaneous construction materials 8.9%

Tinsmithry materials 7.7%

Plumbing materials 6.6%

Painting materials and related compounds 4.4%

Electrical materials 4%

Masonry materials 3.7%

Carpentry materials 2.4%

36 Description: In 2022, miscellaneous construction materials had the highest year-on-year change in the retail price index in the National Capital Region (NCR) of the Philippines at 8.9 percent. In comparison, carpentry materials had grown by 2.4 percent on average that
year. Read more
Note(s): Philippines; 2022
Source(s): PSA (Philippines)
 Average year-on-year change of construction materials retail price index in
the National Capital Region in the Philippines from 2012 to 2022
Average change of construction materials retail price index NCR Philippines 2012-2022

7%

6% 5.8%

5%

3.9%
Growth rate

4%

3%
3%
2.3%
2%
2% 1.6%
1.5% 1.5%
1.2%
1% 0.7%

0%
0%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

37 Description: In 2022, the average retail price index of construction materials in the National Capital Region (NCR) of the Philippines grew by 5.8 percent in comparison to the previous year. There was no change recorded in 2015. Read more
Note(s): Philippines; 2012 to 2022
Source(s): PSA (Philippines)
CHAPTER 06

Market players
 Total revenue of Ayala Land Inc. in the Philippines from 2014 to 2022 (in
billion Philippine pesos)
Revenue of Ayala Land Inc. Philippines 2014-2022

180
166.25 168.79

160
142.3
Revenue in billion Philippine pesos

140
124.63 126.56

120
107.18 106.14
95.2 96.27
100

80

60

40

20

0
2014 2015 2016 2017 2018 2019 2020 2021 2022

39 Description: In 2022, Ayala Land Inc.'s total revenue was valued at 126.56 billion Philippine pesos. This reflects an increase from the previous year's total. Ayala Land is one of the largest property developers of large-scale, integrated, mixed-use, and sustainable estates
in the Philippines. Read more
Note(s): Philippines; 2014 to 2022
Source(s): Ayala Land
 Consolidated revenues of Megaworld Corporation in the Philippines from
financial year 2012 to 2022 (in billion Philippine pesos)
Megaworld Corporation consolidated revenues Philippines FY 2012-FY 2022

80

70 66.82
Revenues in billion Philippine pesos

59.22
60 56.9

50.3 50.28
50 46.7
44.8
43.09
41
40 35.5
30.6
30

20

10

0
2012 2013 2014* 2015 2016 2017 2018 2019 2020 2021 2022

40 Description: During the 2022 financial year, the consolidated revenue of Megaworld Corporation reached approximately 59.22 billion Philippine pesos. Megaworld Corporation is involved in developing, leasing, and marketing real estate in the Philippines. Read more
Note(s): Philippines; FY 2012 to FY 2022; *Figures exclude non-recurring items. One Philippines peso is equal to 0.018 U.S. dollars and 0.017 euros as of June 2023. Figures prior to 2018 came from previous reporting. Read more
Source(s): Alliance Global
 Total revenue of DM Consunji, Inc. (DMCI) in the Philippines from financial
year 2018 to 2022 (in billion Philippine pesos)
Revenue of DM Consunji Philippines FY 2018-FY 2022

25

20.9
20.3
19.5
20
Revenue in billion Philippine pesos

17
16.4

15

10

0
2018 2019 2020 2021 2022

41 Description: During the 2022 financial year, DM Consunji, Inc. generated revenues of 19.5 billion Philippine pesos, indicating a decrease from the previous year's total. DM Consunji, Inc. one of the leading construction firms in the Philippines and is operating under
DMCI Holdings. Read more
Note(s): Philippines; FY 2018 to FY 2022
Source(s): DMCI Holdings
 Gross profit of EEI Corporation in the Philippines from financial year 2020
to 2022 (in billion Philippine pesos)
Gross profit of EEI Corporation Philippines FY 2020-FY 2022

2.5
1.98
2.0 1.76
Gross profit in billion Philippine pesos

1.5

1.0

0.5

0.0

-0.5

-1.0

-1.5

-2.0

-2.5 -2.21
2020 2021 2022

42 Description: During the 2022 financial year, EEI Corporation reported gross earnings of approximately 1.98 billion Philippine pesos, indicating an increase from the previous year's total. EEI Corporation is a construction company in the Philippines that also
collaborates with global contractors in the Middle East, Africa, and other Asia Pacific countries. Read more
Note(s): Philippines; FY 2020 to FY 2022; for years ending December 31
Source(s): EEI Corporation
 Sources

Alliance Global
Ayala Land
BSP
Department of Trade and Industry (Philippines)
DMCI Holdings
EEI Corporation
Megaworld Corporation
National Economic and Development Authority (Philippines)
PSA (Philippines)
Rappler

43