Report Update: May 1, 2024

Philippines - Non-Domestic Dryers - Market Analysis, Forecast, Size, Trends And Insights

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Non-Domestic Dryer Price in the Philippines - 2023

Non-Domestic Dryer Price in the Philippines (CIF) - 2022

In 2022, the average non-domestic dryer import price amounted to $5,771 per unit, declining by -7.1% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2018 when the average import price increased by 53% against the previous year. The import price peaked at $6,213 per unit in 2021, and then contracted 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 India ($5,771 per unit) and Japan ($5,771 per unit), while the price for China ($5,771 per unit) and South Korea ($5,771 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) (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Non-Domestic Dryer Price in the Philippines (FOB) - 2022

The average non-domestic dryer export price stood at $6,355 per unit in 2022, shrinking by -19.3% against the previous year. Overall, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 129%. Over the period under review, the average export prices hit record highs at $7,879 per unit in 2021, and then contracted dramatically in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($6,355 per unit), while the average price for exports to Malaysia ($6,355 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 Malaysia (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dryer Imports in the Philippines

In 2022, overseas purchases of non-domestic dryers were finally on the rise to reach 3.9K units for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-domestic dryer imports soared to $23M in 2022. The total import value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Non-Domestic Dryer in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	8.8	7.6	5.7	10.1	4.7%
China	3.9	3.0	3.8	5.5	12.1%
Germany	0.6	0.3	0.1	2.5	60.9%
South Korea	0.8	0.2	0.7	0.7	-4.4%
Taiwan (Chinese)	0.6	0.4	1.0	0.6	0.0%
India	0.6	0.3	0.1	0.6	0.0%
Switzerland	N/A	N/A	1.0	0.4	-60.0%
Belgium	1.3	1.1	0.5	0.3	-38.7%
Malaysia	0.5	4.2	0.5	0.2	-26.3%
Singapore	0.3	3.1	0.1	0.1	-30.7%
United Kingdom	2.7	0.1	3.4	N/A	12.2%
Others	1.4	1.7	1.1	1.6	4.6%
Total	21.5	22.1	18.0	22.6	1.7%

Top Suppliers of Non-Domestic Dryer to the Philippines in 2022:

Japan (1753.0 units)
China (959.0 units)
Germany (435.0 units)
South Korea (122.0 units)
Taiwan (Chinese) (105.0 units)
India (98.0 units)
Switzerland (75.0 units)
Belgium (56.0 units)
Malaysia (26.0 units)
Singapore (15.0 units)
United Kingdom (3.0 units)

Non-Domestic Dryer Exports in the Philippines

Non-domestic dryer exports from the Philippines surged to 68 units in 2022, rising by 31% compared with 2021. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +88.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-domestic dryer exports expanded notably to $432K in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 72% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Export of Non-Domestic Dryer in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Vietnam	1.2	19.9	N/A	228	474.9%
China	N/A	7.0	315	194	426.4%
Solomon Islands	N/A	N/A	40.0	1.5	-96.3%
Thailand	113	N/A	30.0	N/A	-48.5%
Japan	4.2	76.6	N/A	N/A	1723.8%
Indonesia	N/A	80.0	N/A	N/A	0%
Taiwan (Chinese)	N/A	42.0	22.8	N/A	-45.7%
Bahrain	161	N/A	N/A	N/A	0%
Others	3.1	13.0	1.7	7.6	34.8%
Total	282	238	410	432	15.3%

Top Export Markets for Non-Domestic Dryer from the Philippines in 2022:

Vietnam (36.0 units)
China (31.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the non-domestic dryer 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 28993150 - Non-domestic dryers (excluding those for agricultural products, those for wood, paper pulp, paper or paperboard)

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
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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