Philippines - Motor Vehicles Compression-Ignition Internal Combustion Piston Engines - Market Analysis, Forecast, Size, Trends and Insights
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View PricingInternal Combustion Engines Price in the Philippines - 2023
Contents:
- Internal Combustion Engines Price in the Philippines (CIF) - 2022
- Internal Combustion Engines Price in the Philippines (FOB) - 2022
- Internal Combustion Engines Imports in the Philippines
- Internal Combustion Engines Exports in the Philippines
Internal Combustion Engines Price in the Philippines (CIF) - 2022
The average internal combustion engines import price stood at $2,394 per unit in 2022, growing by 778% against the previous year. Over the period under review, the import price enjoyed a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($6,716 per unit), while the price for South Korea ($128 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Internal Combustion Engines Price in the Philippines (FOB) - 2022
The average internal combustion engines export price stood at $2,347 per unit in 2022, approximately equating the previous year. Overall, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 233% against the previous year. The export price peaked at $12,421 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($2,468 per unit), while the average price for exports to Indonesia ($1,199 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+29.2%), while the prices for the other major destinations experienced more modest paces of growth.
Internal Combustion Engines Imports in the Philippines
Internal combustion engines imports into the Philippines shrank significantly to 10K units in 2022, declining by -51.7% against the previous year. Overall, imports showed a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 77%. As a result, imports attained the peak of 21K units, and then shrank dramatically in the following year.
In value terms, internal combustion engines imports surged to $24M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. Imports peaked at $24M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Internal Combustion Engines in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 15.2 | 8.5 | 1.4 | 22.1 | 13.3% |
| Japan | 2.8 | 1.7 | 1.4 | 0.8 | -34.1% |
| China | 0.7 | 0.4 | 0.3 | 0.3 | -24.6% |
| South Korea | 0.1 | 0.1 | 1.3 | 0.2 | 26.0% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.1 | 0.1 | -30.7% |
| Malaysia | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Hong Kong SAR | 0.1 | N/A | 0.3 | N/A | 73.2% |
| Indonesia | 2.1 | 0.2 | N/A | N/A | -90.5% |
| Australia | 1.7 | N/A | N/A | N/A | 0% |
| Others | 0.9 | 0.6 | 0.8 | 0.4 | -23.7% |
| Total | 24.2 | 11.7 | 5.7 | 24.0 | -0.3% |
Top Suppliers of Internal Combustion Engines to the Philippines in 2022:
- Australia (undefinedK units)
- Thailand (3.3K units)
- Japan (2.3K units)
- China (2.0K units)
- South Korea (1.3K units)
- Taiwan (Chinese) (0.4K units)
- Malaysia (0.4K units)
Internal Combustion Engines Exports in the Philippines
In 2022, after two years of decline, there was decline in shipments abroad of motor vehicles compression-ignition internal combustion piston engines, when their volume decreased by 0% to 8 units. Over the period under review, exports recorded significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, internal combustion engines exports stood at $19K in 2022. In general, exports showed a abrupt decrease. The smallest decline of -88% was in 2020. The exports peaked at $31K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Internal Combustion Engines in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | N/A | N/A | 14.1 | 0% |
| India | N/A | N/A | N/A | 4.9 | 0% |
| Japan | 6.8 | 0.3 | N/A | N/A | -95.6% |
| Vietnam | 0.4 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 1.4 | N/A | N/A | N/A | 0% |
| Others | 22.8 | 3.4 | N/A | 0.3 | -76.4% |
| Total | 31.4 | 3.8 | N/A | 19.4 | -14.8% |
Top Export Markets for Internal Combustion Engines from the Philippines in 2022:
- Netherlands (6.0 units)
- India (2.0 units)
This report provides an in-depth analysis of the internal combustion engines 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 29101300 - Vehicle compression-ignition internal combustion piston engines (diesel or semi-diesel) (excluding for railway or tramway rolling stock)
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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