Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines - 2024
Contents:
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines (CIF) - 2022
- Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines (FOB) - 2022
- Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines
- Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines (CIF) - 2022
In 2022, the average import price for drawing, marking-out or mathematical calculating instrumentses amounted to $0.3 per unit, waning by -7.6% against the previous year. Over the period under review, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2019 when the average import price increased by 51% against the previous year. The import price peaked at $0.5 per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 ($12 per unit), while the price for India ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+29.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines (FOB) - 2022
The average export price for drawing, marking-out or mathematical calculating instrumentses stood at $25 per unit in 2021, rising by 28% against the previous year. In general, the export price, however, saw a deep downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 187%. Over the period under review, the average export prices reached the maximum at $113 per unit in 2015; however, from 2016 to 2021, 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 Japan ($44 per unit), while the average price for exports to Germany ($6.5 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-1.3%), while the prices for the other major destinations experienced a decline.
Imports of Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines
In 2022, supplies from abroad of drawing, marking-out or mathematical calculating instrumentses was finally on the rise to reach 3.9M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a deep contraction. Imports peaked at 6.6M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of drawing, marking-out or mathematical calculating instrumentses surged to $1.2M in 2022. In general, imports, however, recorded a abrupt descent. Over the period under review, imports of attained the maximum at $2.1M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 900 | 502 | 298 | 619 | -11.7% |
| Taiwan (Chinese) | 186 | 88.5 | 75.2 | 219 | 5.6% |
| Japan | 735 | 127 | 153 | 211 | -34.0% |
| India | 27.1 | 48.9 | 71.2 | 8.8 | -31.3% |
| Others | 263 | 160 | 149 | 98.3 | -28.0% |
| Total | 2,112 | 926 | 745 | 1,156 | -18.2% |
Top Suppliers of Drawing, Marking-Out or Mathematical Calculating Instruments to the Philippines in 2022:
- China (3529.1K units)
- Taiwan (Chinese) (194.1K units)
- India (63.6K units)
- Japan (18.3K units)
Exports of Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines
In 2021, approx. 1.5K units of drawing, marking-out or mathematical calculating instrumentses were exported from the Philippines; rising by 980% compared with the previous year. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of drawing, marking-out or mathematical calculating instrumentses surged to $38K in 2021. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Drawing, Marking-Out or Mathematical Calculating Instruments in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Thailand | N/A | N/A | 33.3 | 0% | |
| China | N/A | N/A | 2.0 | 0% | |
| Germany | N/A | 1.4 | 1.1 | -21.4% | |
| Taiwan (Chinese) | N/A | N/A | 0.3 | 0% | |
| Switzerland | 1.7 | N/A | N/A | 0% | |
| Netherlands | 0.1 | N/A | N/A | 0% | |
| Others | 0.8 | 1.3 | 1.6 | 41.4% | |
| Total | 2.7 | 2.8 | 38.4 | 277.1% | |
Top Export Markets for Drawing, Marking-Out or Mathematical Calculating Instruments from the Philippines in 2022:
- Thailand (1126.0 units)
- Germany (176.0 units)
- China (170.0 units)
- Taiwan (Chinese) (23.0 units)
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