With the cost of construction materials fluctuating for various reasons, it’s essential to stay updated on current prices. For contractors and homeowners, these price changes can mean the difference between a well-managed project and unexpected budget overruns. Year-to-date, material prices have shown a steady increase, largely driven by inflation, labor shortages, and global supply chain disruptions.
In this Q4 2024 update, we’ll review the latest price trends for key construction materials to help you make informed, cost-effective decisions. Staying updated on these trends will enable you to anticipate costs and better manage your upcoming projects.
| Materials | Unit | Price Range (PHP) |
| Cement | 40kg (Bag) | ₱180-230 |
| Tile Adhesive | 25kg (Bag) | ₱300-450 |
| Skim Coat | 20kg (Bag) | ₱400-600 |
| White Sand | (<1.5 cu.m., capacity of 1 mini dump truck) | ₱2,200-3,500 |
| White Sand | (>1.5 cu.m., capacity of 1 mini dump truck) | ₱2,500-4,500 |
| Gravel Sand | (>2.0 cu.m., capacity of 1 mini dump truck) | ₱3,350-4,800 |
| Gravel Sand | (<2.0 cu.m., capacity of 1 mini dump truck) | ₱2,600-3,500 |
| Plyboard (3/4) | Per piece | ₱1,000-1,500 |
| Coco Lumber (2x2x10) | Per piece | ₱85-120 |
| Common Nail, Assorted Sizes | 1kg (Bag) | ₱80-120 |
| Concrete Nail, Assorted Sizes | 1kg (Bag) | ₱80-150 |
| Plywood Ordinary (1/4″x4’x8′) – LOCAL | Per piece | ₱400-600 |
| Plywood Ordinary (1/4″x4’x8′) – CHINA | Per piece | ₱300-450 |
| Deformed Bar (10 mm) | Per piece | ₱130-190 |
| Deformed Bar (12 mm) | Per piece | ₱180-260 |
| PVC Conduit (1/2 inch diameter) | Per piece | ₱70-100 |
Disclaimer: The information provided in this update is based on a survey conducted on October 28, 2024, with 15 retailers in Metro Manila (14 in Las Piñas and 1 in Parañaque). Please note that prices may vary depending on delivery location and order quantity.
Monitoring material prices closely is essential as you plan your projects. In this Q4 update, steel, cement, lumber, and other essential materials showed changes in price that reflect ongoing market challenges. Regional differences across the Philippines also underscore the importance of sourcing locally whenever possible to reduce costs.
Keep an eye on these trends and stay informed to ensure your project budgets remain realistic and manageable.
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