Philippines - Brakes And Servo-Brakes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBrakes and Servo-Brakes Price in the Philippines - 2023
Contents:
- Brakes and Servo-Brakes Price in the Philippines (FOB) - 2022
- Brakes and Servo-Brakes Price in the Philippines (CIF) - 2022
- Brakes and Servo-Brakes Exports in the Philippines
- Brakes and Servo-Brakes Imports in the Philippines
Brakes and Servo-Brakes Price in the Philippines (FOB) - 2022
In 2022, the average brakes and servo-brakes export price amounted to $7,219 per ton, waning by -15.1% against the previous year. Overall, the export price saw a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 8.3% against the previous year. Over the period under review, the average export prices hit record highs at $13,326 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($7,449 per ton), while the average price for exports to Indonesia ($3,020 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-4.3%), while the prices for the other major destinations experienced a decline.
Brakes and Servo-Brakes Price in the Philippines (CIF) - 2022
The average brakes and servo-brakes import price stood at $8,018 per ton in 2022, surging by 4.8% against the previous year. In general, the import price saw a prominent increase. The pace of growth was the most pronounced in 2019 an increase of 67% against the previous year. Over the period under review, average import prices attained the peak figure at $8,402 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($8,406 per ton), while the price for South Korea ($4,702 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Brakes and Servo-Brakes Exports in the Philippines
In 2022, shipments abroad of brakes and servo-brakes decreased by -63.1% to 2.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 253% against the previous year. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, brakes and servo-brakes exports declined sharply to $15M in 2022. In general, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 274%. As a result, the exports attained the peak of $97M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Brakes and Servo-Brakes in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2.0 | 9.3 | 5.5 | 6.7 | 49.6% |
| Canada | 5.4 | 22.1 | 12.5 | 3.6 | -12.6% |
| United States | 8.0 | 23.6 | 18.9 | 3.3 | -25.6% |
| Georgia | N/A | N/A | N/A | 0.5 | 0% |
| Mexico | 0.7 | 1.0 | 0.6 | 0.5 | -10.6% |
| Indonesia | 0.5 | 1.2 | 0.9 | 0.3 | -15.7% |
| Thailand | 1.3 | 1.5 | N/A | 0.2 | -46.4% |
| China | 6.6 | 30.3 | 5.2 | N/A | -11.2% |
| Others | 1.4 | 7.9 | 4.8 | N/A | 85.2% |
| Total | 25.9 | 96.8 | 48.4 | 15.2 | -16.3% |
Top Export Markets for Brakes and Servo-Brakes from the Philippines in 2022:
- Japan (899.9 tons)
- Canada (486.7 tons)
- United States (442.5 tons)
- Indonesia (112.9 tons)
- Mexico (69.4 tons)
- Georgia (65.2 tons)
- Thailand (24.2 tons)
- China (0.7 tons)
Brakes and Servo-Brakes Imports in the Philippines
In 2022, brakes and servo-brakes imports into the Philippines reached 1.9K tons, increasing by 2.9% against 2021 figures. Over the period under review, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 35%.
In value terms, brakes and servo-brakes imports expanded notably to $16M in 2022. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
| Import of Brakes and Servo-Brakes in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.2 | 4.6 | 5.5 | 4.2 | -16.4% |
| China | 7.0 | 4.0 | 5.5 | 2.7 | -27.2% |
| Japan | 1.6 | 1.3 | 1.1 | 2.6 | 17.6% |
| South Korea | 0.4 | 0.4 | 0.5 | 1.1 | 40.1% |
| Malaysia | N/A | N/A | N/A | 0.9 | 0% |
| Hong Kong SAR | 0.1 | 0.1 | N/A | 0.8 | 100.0% |
| Germany | 0.1 | 0.1 | N/A | 0.6 | 81.7% |
| Indonesia | 1.0 | 0.7 | 1.0 | 0.3 | -33.1% |
| Others | 1.6 | 0.6 | 0.8 | 2.3 | 12.9% |
| Total | 19.0 | 11.8 | 14.4 | 15.5 | -6.6% |
Top Suppliers of Brakes and Servo-Brakes to the Philippines in 2022:
- Thailand (498.5 tons)
- China (318.0 tons)
- Japan (314.9 tons)
- South Korea (244.0 tons)
- Malaysia (107.4 tons)
- Hong Kong SAR (89.8 tons)
- Germany (66.4 tons)
- Indonesia (39.8 tons)
This report provides an in-depth analysis of the brakes and servo-brakes 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 29323020 - Brakes and servo-brakes and their parts (excluding unmounted linings or pads)
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.
-
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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