Philippines - Grinding, Sanding Or Polishing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Grinding, Sanding and Polishing Machine in the Philippines - 2023
Contents:
- Price for Grinding, Sanding and Polishing Machine in the Philippines (CIF) - 2022
- Price for Grinding, Sanding and Polishing Machine in the Philippines (FOB) - 2022
- Imports of Grinding, Sanding and Polishing Machine in the Philippines
- Exports of Grinding, Sanding and Polishing Machine in the Philippines
Price for Grinding, Sanding and Polishing Machine in the Philippines (CIF) - 2022
In 2022, the average import price for grinding, sanding and polishing machines amounted to $908 per unit, shrinking by -56.6% against the previous year. Overall, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 70%. The import price peaked at $2,092 per unit in 2021, and then declined sharply in the following year.
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 South Korea ($1,423 per unit), while the price for Malaysia ($101 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Grinding, Sanding and Polishing Machine in the Philippines (FOB) - 2022
The average export price for grinding, sanding and polishing machines stood at $196 per unit in 2022, growing by 3.2% against the previous year. Overall, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2016 an increase of 587%. As a result, the export price attained the peak level of $481 per unit. From 2017 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($1,630 per unit), while the average price for exports to Taiwan (Chinese) ($48 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 Palau (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Grinding, Sanding and Polishing Machine in the Philippines
In 2022, purchases abroad of grinding, sanding and polishing machines was finally on the rise to reach 1.1K units after two years of decline. In general, imports posted a temperate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, grinding, sanding and polishing machine imports surged to $1,000K in 2022. Overall, imports, however, showed a abrupt decrease. Imports peaked at $1.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Grinding, Sanding and Polishing Machine in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 231 | 103 | 65.7 | 210 | -3.1% |
| Japan | 674 | 70.4 | 7.0 | 206 | -32.6% |
| Germany | 50.0 | 9.2 | 26.1 | 105 | 28.1% |
| Taiwan (Chinese) | 22.7 | 25.0 | 25.0 | 40.5 | 21.3% |
| Spain | 45.4 | 28.9 | 18.4 | 30.9 | -12.0% |
| South Korea | 54.5 | 38.5 | 0.1 | 23.7 | -24.2% |
| Malaysia | 24.3 | 0.1 | 8.8 | 14.3 | -16.2% |
| Others | 312 | 158 | 435 | 370 | 5.8% |
| Total | 1,413 | 433 | 587 | 1,000 | -10.9% |
Top Suppliers of Grinding, Sanding and Polishing Machine to the Philippines in 2022:
- Japan (381.0 units)
- China (226.0 units)
- Germany (151.0 units)
- Malaysia (142.0 units)
- Spain (70.0 units)
- Taiwan (Chinese) (29.0 units)
- South Korea (17.0 units)
Exports of Grinding, Sanding and Polishing Machine in the Philippines
After three years of growth, shipments abroad of grinding, sanding and polishing machines decreased by 0% to 13 units in 2022. The total export volume increased at an average annual rate of +9.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 30%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, grinding, sanding and polishing machine exports fell to $2.5K in 2022. Over the period under review, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 531%. The exports peaked at $2.5K in 2021, and then dropped in the following year.
| Export of Grinding, Sanding and Polishing Machine in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Palau | 83.0 | 186 | 1,070 | 1,185 | 142.6% |
| Japan | 59.0 | 208 | 1,006 | 933 | 151.0% |
| Thailand | 38.0 | 15.0 | 339 | 315 | 102.4% |
| Taiwan (Chinese) | 18.0 | 29.0 | 122 | 99.0 | 76.5% |
| Hong Kong SAR | N/A | 2,079 | N/A | N/A | 0% |
| India | 12.0 | N/A | N/A | N/A | 0% |
| Indonesia | 189 | N/A | N/A | N/A | 0% |
| Others | 1.0 | 8.0 | 1.0 | N/A | 0.0% |
| Total | 400 | 2,525 | 2,538 | 2,532 | 85.0% |
Top Export Markets for Grinding, Sanding and Polishing Machine from the Philippines in 2022:
- Palau (9.0 units)
- Taiwan (Chinese) (2.0 units)
- Japan (1.0 units)
- Thailand (1.0 units)
This report provides an in-depth analysis of the market for grinding, sanding and polishing 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 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials
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
-
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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