Philippines - Castors With Mountings Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Castor Mounting Price in the Philippines - 2023
Contents:
- Metal Castor Mounting Price in the Philippines (CIF) - 2022
- Metal Castor Mounting Price in the Philippines (FOB) - 2022
- Metal Castor Mounting Imports in the Philippines
- Metal Castor Mounting Exports in the Philippines
Metal Castor Mounting Price in the Philippines (CIF) - 2022
In 2022, the average metal castor mounting import price amounted to $3,070 per ton, picking up by 54% against the previous year. Over the period under review, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 66% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.
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 Singapore ($26,790 per ton), while the price for China ($1,485 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Castor Mounting Price in the Philippines (FOB) - 2022
In 2022, the average metal castor mounting export price amounted to $4,781 per ton, declining by -81.2% against the previous year. In general, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 623% against the previous year. The export price peaked at $32,307 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($19,779 per ton), while the average price for exports to Micronesia ($2,217 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+68.4%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Castor Mounting Imports in the Philippines
In 2022, approx. 1.6K tons of castors with mountings of base metal were imported into the Philippines; shrinking by -17.8% compared with the year before. In general, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year.
In value terms, metal castor mounting imports skyrocketed to $5M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.7% 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 +53.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Metal Castor Mounting in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,317 | 1,881 | 2,439 | 1,973 | -5.2% |
Japan | 322 | 322 | 368 | 811 | 36.1% |
Singapore | 98.8 | 151 | 165 | 743 | 95.9% |
South Korea | 152 | 169 | 206 | 326 | 29.0% |
Thailand | 116 | 152 | 256 | 316 | 39.7% |
Taiwan (Chinese) | 219 | 235 | 133 | 159 | -10.1% |
Others | 357 | 344 | 377 | 671 | 23.4% |
Total | 3,582 | 3,253 | 3,944 | 4,999 | 11.8% |
Top Suppliers of Metal Castor Mounting to the Philippines in 2022:
- China (1328.7 tons)
- Taiwan (Chinese) (73.5 tons)
- Thailand (59.1 tons)
- South Korea (58.2 tons)
- Japan (43.1 tons)
- Singapore (27.7 tons)
Metal Castor Mounting Exports in the Philippines
In 2022, overseas shipments of castors with mountings of base metal increased by 2,383% to 41 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal castor mounting exports surged to $196K in 2022. Overall, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Metal Castor Mounting in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 3.4 | N/A | N/A | 151 | 254.1% |
China | 9.6 | 14.8 | 33.7 | 14.0 | 13.4% |
Micronesia | N/A | N/A | N/A | 5.1 | 0% |
United States | N/A | 27.6 | 0.8 | 3.5 | -64.4% |
Malaysia | 18.5 | N/A | N/A | N/A | 0% |
Others | 97.2 | 35.9 | 7.5 | 21.9 | -39.2% |
Total | 129 | 78.2 | 42.0 | 196 | 15.0% |
Top Export Markets for Metal Castor Mounting from the Philippines in 2022:
- Japan (37.0 tons)
- Micronesia (2.3 tons)
- China (0.7 tons)
- United States (0.2 tons)
This report provides an in-depth analysis of the metal castor mounting 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 25721420 - Castors with mountings of base metal
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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