Philippines - Electromagnets And Electromagnetic Lifting Heads - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectromagnetic Lifting Head Price in the Philippines - 2023
Contents:
- Electromagnetic Lifting Head Price in the Philippines (CIF) - 2022
- Electromagnetic Lifting Head Price in the Philippines (FOB) - 2022
- Electromagnetic Lifting Head Imports in the Philippines
- Electromagnetic Lifting Head Exports in the Philippines
Electromagnetic Lifting Head Price in the Philippines (CIF) - 2022
The average electromagnetic lifting head import price stood at $32,395 per ton in 2022, rising by 1.9% against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 an increase of 38% against the previous year. The import price peaked at $52,346 per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($32,395 per ton) and Thailand ($32,395 per ton), while the price for Singapore ($32,395 per ton) and China ($32,395 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Electromagnetic Lifting Head Price in the Philippines (FOB) - 2022
The average electromagnetic lifting head export price stood at $41,652 per ton in 2022, standing approx. at the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2021 an increase of 9.9% against the previous year. The export price peaked at $106,846 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($41,709 per ton) and Thailand ($41,687 per ton), while the average price for exports to South Korea ($41,578 per ton) and Japan ($41,638 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-3.5%), while the prices for the other major destinations experienced a decline.
Electromagnetic Lifting Head Imports in the Philippines
In 2022, electromagnetic lifting head imports into the Philippines declined notably to 1.1K tons, which is down by -26.8% on the previous year's figure. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 62%.
In value terms, electromagnetic lifting head imports declined notably to $35M in 2022. In general, imports faced a deep setback. The pace of growth was the most pronounced in 2021 when imports increased by 63% against the previous year.
| Import of Electromagnetic Lifting Head in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.4 | 9.4 | 14.7 | 15.5 | 7.7% |
| United Kingdom | N/A | N/A | N/A | 6.0 | 0% |
| Thailand | 3.6 | 2.9 | 8.1 | 4.0 | 3.6% |
| Singapore | 0.6 | 0.3 | 0.6 | 3.4 | 78.3% |
| Japan | 34.2 | 12.4 | 19.5 | 2.6 | -57.6% |
| Malaysia | 1.0 | 0.6 | 0.8 | 1.1 | 3.2% |
| Hong Kong SAR | 1.2 | 0.8 | 1.7 | 0.6 | -20.6% |
| South Korea | 1.0 | 1.5 | 0.7 | 0.3 | -33.1% |
| Others | 1.7 | 1.1 | 1.0 | 1.7 | 0.0% |
| Total | 55.7 | 28.9 | 47.2 | 35.2 | -14.2% |
Top Suppliers of Electromagnetic Lifting Head to the Philippines in 2022:
- China (479.0 tons)
- United Kingdom (184.7 tons)
- Thailand (123.3 tons)
- Singapore (105.7 tons)
- Japan (79.9 tons)
- Malaysia (33.4 tons)
- Hong Kong SAR (18.4 tons)
- South Korea (9.9 tons)
Electromagnetic Lifting Head Exports in the Philippines
In 2022, shipments abroad of electromagnets and electromagnetic lifting heads decreased by -27.8% to 203 tons, falling for the second year in a row after two years of growth. In general, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 312% against the previous year. As a result, the exports attained the peak of 2.3K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, electromagnetic lifting head exports plummeted to $8.5M in 2022. Overall, exports recorded a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by 295% against the previous year. As a result, the exports attained the peak of $88M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Electromagnetic Lifting Head in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 19.5 | 11.1 | 8.0 | 8.9% |
| Singapore | N/A | N/A | N/A | 0.3 | 0% |
| Japan | 1.5 | 3.6 | 0.5 | 0.1 | -59.5% |
| South Korea | 4.8 | 26.4 | N/A | N/A | 450.0% |
| Thailand | 1.1 | 7.1 | N/A | N/A | 545.5% |
| China | 8.1 | 29.8 | N/A | N/A | 267.9% |
| Others | 0.5 | 2.0 | 0.2 | 0.1 | -41.5% |
| Total | 22.3 | 88.3 | 11.8 | 8.5 | -27.5% |
Top Export Markets for Electromagnetic Lifting Head from the Philippines in 2022:
- United States (191.1 tons)
- Singapore (7.2 tons)
- Japan (1.5 tons)
- China (0.2 tons)
- Thailand (0.2 tons)
- South Korea (0.1 tons)
This report provides an in-depth analysis of the electromagnetic lifting head 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 27904060 - Electromagnets and electromagnetic lifting heads, and their parts (excluding magnets for medical use), electromagnetic or permanent magnet chucks, clamps and similar holding devices and their parts, n.e.c.
- Prodcom 27904560 -
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
-
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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