Philippines - Lifting, Handling, Loading Or Unloading Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLoading Machinery Price in the Philippines - 2023
Contents:
- Loading Machinery Price in the Philippines (CIF) - 2022
- Loading Machinery Price in the Philippines (FOB) - 2022
- Loading Machinery Imports in the Philippines
- Loading Machinery Exports in the Philippines
Loading Machinery Price in the Philippines (CIF) - 2022
The average loading machinery import price stood at $4,322 per unit in 2022, increasing by 3.7% against the previous year. In general, the import price saw buoyant growth. The growth pace was the most rapid in 2018 an increase of 74%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($4,322 per unit) and Italy ($4,322 per unit), while the price for Singapore ($4,322 per unit) and Thailand ($4,322 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Loading Machinery Price in the Philippines (FOB) - 2022
In 2022, the average loading machinery export price amounted to $4,432 per unit, waning by -11.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 205% against the previous year. The export price peaked at $13,508 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Norway ($4,432 per unit) and Japan ($4,432 per unit), while the average price for exports to Singapore ($4,432 per unit) and Indonesia ($4,432 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.9%), while the prices for the other major destinations experienced mixed trend patterns.
Loading Machinery Imports in the Philippines
After three years of growth, overseas purchases of lifting, handling, loading or unloading machinery decreased by -12.5% to 11K units in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 13K units, and then declined in the following year.
In value terms, loading machinery imports reduced to $49M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 61%. As a result, imports reached the peak of $54M, and then reduced in the following year.
| Import of Loading Machinery in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.0 | 10.3 | 21.4 | 16.0 | 21.1% |
| Japan | 2.3 | 7.4 | 12.0 | 14.7 | 85.6% |
| Taiwan (Chinese) | 0.2 | N/A | 0.6 | 6.5 | 219.1% |
| Singapore | 1.9 | 3.3 | 1.4 | 4.7 | 35.2% |
| South Korea | 2.1 | 0.6 | 1.2 | 1.9 | -3.3% |
| United States | 1.8 | 1.7 | 0.4 | 0.8 | -23.7% |
| Germany | 5.5 | 2.6 | 11.0 | 0.6 | -52.2% |
| Others | 10.1 | 7.5 | 5.7 | 3.7 | -28.4% |
| Total | 32.9 | 33.4 | 53.9 | 48.8 | 14.0% |
Top Suppliers of Loading Machinery to the Philippines in 2022:
- China (3.7K units)
- Japan (3.4K units)
- Taiwan (Chinese) (1.5K units)
- Singapore (1.1K units)
- South Korea (0.4K units)
- United States (0.2K units)
- Germany (0.1K units)
Loading Machinery Exports in the Philippines
In 2022, shipments abroad of lifting, handling, loading or unloading machinery decreased by -27.5% to 174 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 244% against the previous year. Over the period under review, the exports reached the maximum at 240 units in 2021, and then fell notably in the following year.
In value terms, loading machinery exports dropped sharply to $772K in 2022. Over the period under review, exports, however, posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 255% against the previous year. The exports peaked at $1.2M in 2021, and then dropped remarkably in the following year.
| Export of Loading Machinery in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 13.7 | 126 | 339 | 397.4% |
| Japan | 183 | 798 | 739 | 245 | 10.2% |
| Indonesia | N/A | N/A | N/A | 146 | 0% |
| Norway | N/A | N/A | N/A | 21.8 | 0% |
| Singapore | 10.0 | N/A | N/A | 12.7 | 8.3% |
| United States | N/A | N/A | 312 | 0.8 | -99.7% |
| Others | 36.2 | N/A | 24.3 | 6.8 | -42.7% |
| Total | 229 | 812 | 1,200 | 772 | 49.9% |
Top Export Markets for Loading Machinery from the Philippines in 2022:
- China (76.0 units)
- Japan (55.0 units)
- Indonesia (33.0 units)
- Norway (5.0 units)
- Singapore (3.0 units)
This report provides an in-depth analysis of the loading machinery 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 28221840 - Lifting, handling, loading or unloading machinery, n.e.s.
- Prodcom 28221850 - Loading machinery specially designed for agricultural use
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
-
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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