Price for Book-Binding Machinery; Including Book-Sewing Machines in the Philippines - 2023

Contents:

  1. Price for Book-Binding Machinery; Including Book-Sewing Machines in the Philippines (CIF) - 2022
  2. Price for Book-Binding Machinery; Including Book-Sewing Machines in the Philippines (FOB) - 2022
  3. Imports of Book-Binding Machinery; Including Book-Sewing Machines in the Philippines
  4. Exports of Book-Binding Machinery; Including Book-Sewing Machines in the Philippines

Price for Book-Binding Machinery; Including Book-Sewing Machines in the Philippines (CIF) - 2022

In 2022, the average import price for book-binding machinery; including book-sewing machineses amounted to $322 per unit, with an increase of 11% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 74%. The import price peaked at $335 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Japan ($781 per unit), while the price for China ($169 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+32.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Book-Binding Machinery; Including Book-Sewing Machines in the Philippines (FOB) - 2022

The average export price for book-binding machinery; including book-sewing machineses stood at $469 per unit in 2022, waning by -78% against the previous year. Over the period under review, the export price, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 228% against the previous year. Over the period under review, the average export prices hit record highs at $2,129 per unit in 2021, and then fell significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +37.8% per year.

Imports of Book-Binding Machinery; Including Book-Sewing Machines in the Philippines

In 2022, supplies from abroad of book-binding machinery; including book-sewing machineses was finally on the rise to reach 5.5K units after two years of decline. Overall, imports, however, saw a significant decline. Imports peaked at 13K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, book-binding machinery; including book-sewing machines imports surged to $1.8M in 2022. Over the period under review, imports, however, continue to indicate a dramatic decline. Imports peaked at $4.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Book-Binding Machinery; Including Book-Sewing Machines in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan23212318.458235.9%
China73022699.3552-8.9%
United Kingdom1228.043.117111.9%
Spain0.60.77.1139514.2%
Germany1,559943695126-56.8%
Italy27.61.41.363.932.3%
Taiwan (Chinese)11.24.76.838.851.3%
United States11011845.48.8-56.9%
Denmark21.913.510.2N/A-31.8%
Others1,44722212878.7-62.1%
Total4,2611,6611,0551,760-25.5%

Top Suppliers of Book-Binding Machinery; Including Book-Sewing Machines to the Philippines in 2022:

  1. China (3267.0 units)
  2. Japan (746.0 units)
  3. United Kingdom (423.0 units)
  4. Spain (305.0 units)
  5. Germany (265.0 units)
  6. Italy (155.0 units)
  7. Taiwan (Chinese) (96.0 units)
  8. United States (15.0 units)

Exports of Book-Binding Machinery; Including Book-Sewing Machines in the Philippines

In 2022, the amount of book-binding machinery; including book-sewing machineses exported from the Philippines skyrocketed to 92 units, rising by 1,214% on the previous year. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, book-binding machinery; including book-sewing machines exports soared to $43K in 2022. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Book-Binding Machinery; Including Book-Sewing Machines in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
MalaysiaN/AN/AN/A43.00%
China0.81.30.7N/A-6.5%
Taiwan (Chinese)0.92.01.6N/A33.3%
Brazil0.80.40.4N/A-29.3%
Others2.04.211.20.3-46.9%
Total4.57.913.943.3112.7%

Top Export Markets for Book-Binding Machinery; Including Book-Sewing Machines from the Philippines in 2022:

  1. Malaysia (92.0 units)

Source: IndexBox Market Intelligence Platform

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