Philippines - Fuel, Lubricating Or Cooling-Medium Pumps For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fuel or Lubricating Pump in the Philippines - 2023
Contents:
- Price for Fuel or Lubricating Pump in the Philippines (CIF) - 2022
- Price for Fuel or Lubricating Pump in the Philippines (FOB) - 2022
- Imports of Fuel or Lubricating Pump in the Philippines
- Exports of Fuel or Lubricating Pump in the Philippines
Price for Fuel or Lubricating Pump in the Philippines (CIF) - 2022
In 2022, the average fuel or lubricating pump import price amounted to $29 per unit, reducing by -8% against the previous year. Over the period under review, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 68% against the previous year. Over the period under review, average import prices hit record highs at $50 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Vietnam ($89 per unit), while the price for China ($14 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fuel or Lubricating Pump in the Philippines (FOB) - 2022
The average fuel or lubricating pump export price stood at $101 per unit in 2022, reducing by -7.9% against the previous year. Overall, the export price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by 135% against the previous year. The export price peaked at $162 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($233 per unit), while the average price for exports to the United Arab Emirates ($9.9 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 China (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fuel or Lubricating Pump in the Philippines
In 2022, imports of fuel, lubricating or cooling-medium pumps for internal combustion engines into the Philippines skyrocketed to 427K units, with an increase of 32% on 2021. Overall, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 89% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, fuel or lubricating pump imports surged to $12M in 2022. In general, total imports indicated perceptible growth from 2019 to 2022: its value increased at an average annual rate of +3.9% 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 +70.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Fuel or Lubricating Pump in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,037 | 619 | 1,893 | 2,104 | 26.6% |
| Japan | 2,750 | 1,440 | 1,456 | 2,051 | -9.3% |
| China | 2,177 | 989 | 1,358 | 1,644 | -8.9% |
| Singapore | 927 | 963 | 1,047 | 1,163 | 7.9% |
| Thailand | 540 | 222 | 642 | 714 | 9.8% |
| South Korea | 174 | 210 | 503 | 559 | 47.6% |
| Taiwan (Chinese) | 140 | 229 | 300 | 334 | 33.6% |
| Indonesia | 354 | 292 | 115 | 276 | -8.0% |
| Others | 2,919 | 2,275 | 2,845 | 3,504 | 6.3% |
| Total | 11,018 | 7,239 | 10,159 | 12,348 | 3.9% |
Top Suppliers of Fuel or Lubricating Pump to the Philippines in 2022:
- China (117.0K units)
- Japan (96.2K units)
- Singapore (62.7K units)
- South Korea (36.0K units)
- Thailand (32.2K units)
- Vietnam (23.6K units)
- Taiwan (Chinese) (13.6K units)
- Indonesia (8.4K units)
Exports of Fuel or Lubricating Pump in the Philippines
After three years of growth, shipments abroad of fuel, lubricating or cooling-medium pumps for internal combustion engines decreased by -33.7% to 10K units in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 84% against the previous year. Over the period under review, the exports reached the peak figure at 16K units in 2021, and then shrank significantly in the following year.
In value terms, fuel or lubricating pump exports fell rapidly to $1M in 2022. In general, exports, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 when exports increased by 64% against the previous year. The exports peaked at $1.7M in 2021, and then dropped remarkably in the following year.
| Export of Fuel or Lubricating Pump in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 659 | 661 | 1,066 | 747 | 4.3% |
| Singapore | 4.4 | 266 | 235 | 164 | 234.0% |
| Indonesia | 7.3 | 167 | 90.6 | 63.5 | 105.7% |
| Oman | 1.5 | 3.8 | 46.8 | 32.8 | 179.6% |
| United Arab Emirates | 2.5 | 5.9 | 41.2 | 28.8 | 125.8% |
| Others | 97.3 | 161 | 234 | 9.8 | -53.5% |
| Total | 772 | 1,264 | 1,713 | 1,046 | 10.7% |
Top Export Markets for Fuel or Lubricating Pump from the Philippines in 2022:
- Japan (3.2K units)
- United Arab Emirates (2.9K units)
- Oman (2.1K units)
- Singapore (1.7K units)
- Indonesia (0.5K units)
This report provides an in-depth analysis of the market for fuel or lubricating pump 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 28131165 - Fuel, lubricating or cooling-medium pumps for internal combustion engines
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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