Philippines - Balls - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Price in the Philippines - 2023
Contents:
- Ball Price in the Philippines (FOB) - 2023
- Ball Price in the Philippines (CIF) - 2022
- Ball Exports in the Philippines
- Ball Imports in the Philippines
Ball Price in the Philippines (FOB) - 2023
The average ball export price stood at $2.4 per unit in June 2023, increasing by 15% against the previous month. Over the period under review, export price indicated temperate growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, ball export price increased by +17.0% against April 2023 indices. The most prominent rate of growth was recorded in August 2022 when the average export price increased by 136% against the previous month. Over the period under review, the average export prices reached the peak figure in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($12.4 per unit), while the average price for exports to Indonesia ($1.8 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Price in the Philippines (CIF) - 2022
In 2022, the average ball import price amounted to $1.1 per unit, declining by -18.9% against the previous year. In general, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in 2017 an increase of 26% against the previous year. As a result, import price reached the peak level of $1.6 per unit. From 2018 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($2.9 per unit), while the price for the United States ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Ball Exports in the Philippines
In 2022, approx. 21M units of balls were exported from the Philippines; waning by -14.8% on the previous year's figure. Overall, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. Over the period under review, the exports attained the maximum at 25M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, ball exports surged to $33M in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ball in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 10.3 | 9.1 | 6.8 | 10.7 | 1.3% |
| United States | 3.7 | 2.9 | 5.2 | 3.9 | 1.8% |
| Germany | 1.2 | 1.0 | 1.5 | 2.5 | 27.7% |
| China | 1.8 | 1.2 | 1.9 | 1.9 | 1.8% |
| Australia | 1.0 | 0.8 | 1.7 | 1.4 | 11.9% |
| United Kingdom | 2.6 | 1.9 | 1.1 | 1.4 | -18.6% |
| Japan | 1.3 | 1.1 | 1.3 | 1.1 | -5.4% |
| Chile | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
| South Africa | 0.3 | 0.4 | 0.4 | 0.6 | 26.0% |
| Thailand | 0.1 | 0.1 | 0.3 | 0.5 | 71.0% |
| United Arab Emirates | 0.3 | 0.3 | 0.5 | 0.4 | 10.1% |
| Singapore | 0.1 | 0.1 | 0.3 | 0.3 | 44.2% |
| Malaysia | 0.3 | 0.2 | 0.2 | 0.3 | 0.0% |
| Others | 5.6 | 3.1 | 5.4 | 7.0 | 7.7% |
| Total | 28.9 | 22.3 | 26.6 | 32.7 | 4.2% |
Top Export Markets for Ball from the Philippines in 2022:
- Netherlands (5.9M units)
- United States (2.1M units)
- Germany (1.4M units)
- China (1.2M units)
- South Africa (1.1M units)
- Thailand (0.9M units)
- Australia (0.8M units)
- United Kingdom (0.7M units)
- Singapore (0.5M units)
- United Arab Emirates (0.5M units)
- Malaysia (0.4M units)
- Chile (0.4M units)
- Japan (0.4M units)
Ball Imports in the Philippines
After two years of decline, supplies from abroad of balls increased by 242% to 6.4M units in 2022. Overall, imports, however, continue to indicate a slight curtailment. Over the period under review, imports reached the maximum at 6.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, ball imports skyrocketed to $7M in 2022. Over the period under review, imports, however, saw a abrupt descent. Over the period under review, imports attained the peak figure at $9.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Ball in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,842 | 2,706 | 1,689 | 4,171 | -4.9% |
| Thailand | 3,353 | 1,820 | 301 | 1,241 | -28.2% |
| Malaysia | 188 | 43.5 | 27.8 | 681 | 53.6% |
| Vietnam | 560 | 301 | 24.9 | 446 | -7.3% |
| Taiwan (Chinese) | 127 | 198 | 26.1 | 156 | 7.1% |
| Hong Kong SAR | 51.7 | 36.2 | 373 | 50.5 | -0.8% |
| United States | 165 | 89.8 | 57.6 | 46.8 | -34.3% |
| Others | 254 | 298 | 34.0 | 227 | -3.7% |
| Total | 9,542 | 5,492 | 2,533 | 7,020 | -9.7% |
Top Suppliers of Ball to the Philippines in 2022:
- China (4786.7K units)
- Thailand (595.7K units)
- Malaysia (576.4K units)
- Vietnam (153.6K units)
- Taiwan (Chinese) (148.6K units)
- United States (76.2K units)
- Hong Kong SAR (34.3K units)
This report provides an in-depth analysis of the ball market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301580 - Balls (excluding golf balls, table-tennis balls, medicine balls and punch balls)
Country coverage:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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