Report Update: Apr 1, 2024

Philippines - Flywheels And Pulleys - Market Analysis, Forecast, Size, Trends And Insights

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Flywheels and Pulleys Price in the Philippines - 2023

Flywheels and Pulleys Price in the Philippines (CIF) - 2022

In 2022, the average flywheels and pulleys import price amounted to $14,813 per ton, with a decrease of -1.8% against the previous year. In general, the import price, however, recorded prominent growth. The pace of growth was the most pronounced in 2018 an increase of 122%. Over the period under review, average import prices reached the maximum at $15,086 per ton in 2021, and then fell modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($14,863 per ton) and Thailand ($14,863 per ton), while the price for Taiwan (Chinese) ($14,861 per ton) and Malaysia ($14,861 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Flywheels and Pulleys Price in the Philippines (FOB) - 2022

The average flywheels and pulleys export price stood at $18,070 per ton in 2022, with a decrease of -8.7% against the previous year. In general, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2013 an increase of 254% against the previous year. Over the period under review, the average export prices attained the maximum at $21,324 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($18,071 per ton) and Germany ($18,071 per ton), while the average price for exports to Taiwan (Chinese) ($18,069 per ton) and the United States ($18,070 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 Taiwan (Chinese) (+26.6%), while the prices for the other major destinations experienced mixed trend patterns.

Flywheels and Pulleys Imports in the Philippines

In 2022, the amount of flywheels and pulleys imported into the Philippines stood at 396 tons, surging by 13% on the year before. Overall, imports, however, saw a deep reduction.

In value terms, flywheels and pulleys imports expanded sharply to $5.9M in 2022. In general, imports, however, saw a abrupt slump.

Import of Flywheels and Pulleys in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	3,661	1,459	1,470	1,493	-25.8%
Hong Kong SAR	817	347	727	897	3.2%
China	611	558	795	870	12.5%
United States	215	306	355	464	29.2%
Germany	590	655	315	345	-16.4%
Italy	109	216	220	255	32.8%
Indonesia	802	140	104	203	-36.7%
Singapore	410	351	247	198	-21.5%
Belgium	18.1	19.0	23.9	153	103.7%
Malaysia	52.5	42.1	115	95.8	22.2%
South Korea	376	227	246	91.1	-37.7%
Thailand	253	104	66.6	85.8	-30.3%
United Arab Emirates	97.4	54.9	3.7	4.6	-63.9%
Others	401	438	610	708	20.9%
Total	8,415	4,918	5,298	5,863	-11.3%

Top Suppliers of Flywheels and Pulleys to the Philippines in 2022:

Japan (100.4 tons)
Hong Kong SAR (60.4 tons)
China (58.5 tons)
United States (31.2 tons)
Germany (23.2 tons)
Italy (17.2 tons)
Indonesia (13.7 tons)
Singapore (13.3 tons)
Belgium (10.3 tons)
Malaysia (6.4 tons)
South Korea (6.1 tons)
Thailand (5.8 tons)
United Arab Emirates (1.6 tons)

Flywheels and Pulleys Exports in the Philippines

In 2022, approx. 523 tons of flywheels and pulleys were exported from the Philippines; jumping by 437% against 2021. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys exports soared to $9.5M in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Flywheels and Pulleys in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	280	1,150	118	4,792	157.7%
United States	181	81.3	87.7	1,573	105.6%
Vietnam	N/A	N/A	890	1,441	61.9%
Japan	307	749	683	1,208	57.9%
Brazil	9.0	220	N/A	348	238.2%
Taiwan (Chinese)	259	11.3	31.7	5.0	-73.2%
Others	81.5	42.6	118	92.5	4.3%
Total	1,117	2,255	1,929	9,459	103.8%

Top Export Markets for Flywheels and Pulleys from the Philippines in 2022:

Germany (265.2 tons)
United States (87.1 tons)
Vietnam (79.7 tons)
Japan (66.9 tons)
Brazil (19.2 tons)
Taiwan (Chinese) (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the flywheels and pulleys 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 28152500 - Flywheels and pulleys (including pulley blocks)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023