Philippines - Machines For Balancing Mechanical Parts - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Balancing Mechanical Parts Machine in the Philippines - 2023
Contents:
- Price for Balancing Mechanical Parts Machine in the Philippines (CIF) - 2022
- Price for Balancing Mechanical Parts Machine in the Philippines (FOB) - 2022
- Imports of Balancing Mechanical Parts Machine in the Philippines
- Exports of Balancing Mechanical Parts Machine in the Philippines
Price for Balancing Mechanical Parts Machine in the Philippines (CIF) - 2022
In 2022, the average balancing mechanical parts machine import price amounted to $4,502 per unit, increasing by 26% against the previous year. In general, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 165%. The import price peaked in 2022 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 Italy ($6,687 per unit), while the price for Germany ($3,493 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+30.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Balancing Mechanical Parts Machine in the Philippines (FOB) - 2022
The average balancing mechanical parts machine export price stood at $11,771 per unit in 2022, picking up by 35% against the previous year. Overall, the export price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 755%. Over the period under review, the average export prices hit record highs at $20,258 per unit in 2017; however, from 2018 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 Malaysia ($119,195 per unit), while the average price for exports to Hong Kong SAR ($39 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 Marshall Islands (+62.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Balancing Mechanical Parts Machine in the Philippines
Balancing mechanical parts machine imports into the Philippines reduced notably to 672 units in 2022, with a decrease of -39.9% against the previous year's figure. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of 1.1K units, and then dropped dramatically in the following year.
In value terms, balancing mechanical parts machine imports shrank dramatically to $3M in 2022. Over the period under review, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.9% 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 +15.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 53%. As a result, imports attained the peak of $4M, and then declined dramatically in the following year.
| Import of Balancing Mechanical Parts Machine in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,232 | 621 | 2,067 | 823 | -12.6% |
| United States | 238 | 107 | 314 | 642 | 39.2% |
| China | 389 | 376 | 415 | 528 | 10.7% |
| Malaysia | 17.3 | 157 | 377 | 325 | 165.8% |
| Germany | 24.2 | N/A | 201 | 320 | 136.5% |
| Singapore | 209 | 104 | 156 | 203 | -1.0% |
| United Kingdom | 7.0 | 10.6 | 6.0 | 45.6 | 86.8% |
| South Korea | 155 | 70.0 | 0.8 | 1.6 | -78.2% |
| Spain | N/A | 311 | N/A | N/A | 0% |
| Indonesia | N/A | 421 | N/A | N/A | 0% |
| Poland | N/A | 350 | 0.7 | N/A | -99.8% |
| Netherlands | 403 | 14.2 | 0.4 | N/A | -96.8% |
| Others | 179 | 70.8 | 448 | 135 | -9.0% |
| Total | 2,854 | 2,613 | 3,987 | 3,023 | 1.9% |
Top Suppliers of Balancing Mechanical Parts Machine to the Philippines in 2022:
- Japan (182.0 units)
- United States (125.0 units)
- China (116.0 units)
- Germany (92.0 units)
- Malaysia (67.0 units)
- Singapore (46.0 units)
- United Kingdom (11.0 units)
Exports of Balancing Mechanical Parts Machine in the Philippines
In 2022, the amount of machines for balancing mechanical parts exported from the Philippines shrank markedly to 41 units, dropping by -59% against the previous year's figure. In general, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 426% against the previous year. As a result, the exports reached the peak of 100 units, and then shrank dramatically in the following year.
In value terms, balancing mechanical parts machine exports fell rapidly to $484K in 2022. Overall, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2021 with an increase of 335%. As a result, the exports reached the peak of $870K, and then reduced markedly in the following year.
| Export of Balancing Mechanical Parts Machine in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 34.4 | 34.6 | 653 | 262 | 96.7% |
| Malaysia | N/A | 10.0 | 37.4 | 143 | 278.2% |
| Micronesia | N/A | N/A | N/A | 18.6 | 0% |
| Nauru | N/A | N/A | 6.4 | 18.6 | 190.6% |
| Taiwan (Chinese) | 2.8 | 2.4 | 9.9 | 11.5 | 60.1% |
| Marshall Islands | N/A | N/A | 3.3 | 11.2 | 239.4% |
| United States | 6.7 | 13.7 | 54.9 | 0.5 | -57.9% |
| Hong Kong SAR | 7.3 | N/A | N/A | N/A | 0% |
| China | 381 | 138 | 0.1 | N/A | -98.4% |
| Indonesia | N/A | N/A | 90.0 | N/A | 0% |
| Others | N/A | 1.2 | 14.8 | 19.0 | 297.9% |
| Total | 432 | 200 | 870 | 484 | 3.9% |
Top Export Markets for Balancing Mechanical Parts Machine from the Philippines in 2022:
- Japan (30.0 units)
- Micronesia (3.0 units)
- Taiwan (Chinese) (2.0 units)
- Marshall Islands (2.0 units)
- Nauru (2.0 units)
- Malaysia (1.0 units)
- Hong Kong SAR (1.0 units)
This report provides an in-depth analysis of the market for balancing mechanical parts machine 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 28993970 - Machines for balancing mechanical parts
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
-
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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