Philippines - Hand-Operated Drilling, Threading or Tapping Tools - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hand-Operated Drilling, Threading or Tapping Tool in the Philippines - 2023
Contents:
- Price for Hand-Operated Drilling, Threading or Tapping Tool in the Philippines (CIF) - 2022
- Price for Hand-Operated Drilling, Threading or Tapping Tool in the Philippines (FOB) - 2022
- Imports of Hand-Operated Drilling, Threading or Tapping Tool in the Philippines
- Exports of Hand-Operated Drilling, Threading or Tapping Tool in the Philippines
Price for Hand-Operated Drilling, Threading or Tapping Tool in the Philippines (CIF) - 2022
In 2022, the average import price for hand-operated drilling, threading or tapping tools amounted to $23,944 per ton, picking up by 38% against the previous year. Over the period under review, the import price saw a significant increase. The pace of growth was the most pronounced in 2018 an increase of 174% against the previous year. The import price peaked at $24,181 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($23,945 per ton) and China ($23,945 per ton), while the price for Singapore ($23,942 per ton) and Malaysia ($23,943 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hand-Operated Drilling, Threading or Tapping Tool in the Philippines (FOB) - 2022
The average export price for hand-operated drilling, threading or tapping tools stood at $25,741 per ton in 2022, falling by -7.4% against the previous year. In general, the export price showed a perceptible downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by 221% against the previous year. Over the period under review, the average export prices hit record highs at $34,000 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($25,771 per ton) and Japan ($25,762 per ton), while the average price for exports to Malaysia ($25,728 per ton) and Singapore ($25,743 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+42.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hand-Operated Drilling, Threading or Tapping Tool in the Philippines
In 2022, approx. 127 tons of hand-operated drilling, threading or tapping tools were imported into the Philippines; growing by 5.4% on the previous year. Overall, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 6.9%.
In value terms, imports of hand-operated drilling, threading or tapping tools skyrocketed to $3M in 2022. In general, imports, however, showed a abrupt descent.
| Import of Hand-Operated Drilling, Threading or Tapping Tool in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 967 | 1,005 | 660 | 1,733 | 21.5% |
| China | 1,965 | 983 | 636 | 394 | -41.5% |
| South Korea | 477 | 103 | 196 | 291 | -15.2% |
| Hong Kong SAR | 59.5 | 13.3 | 150 | 142 | 33.6% |
| Malaysia | 86.2 | 70.3 | 85.3 | 135 | 16.1% |
| United States | 267 | 143 | 78.0 | 125 | -22.4% |
| Singapore | 103 | 14.2 | 108 | 97.5 | -1.8% |
| Taiwan (Chinese) | 175 | 20.7 | 21.7 | 40.6 | -38.6% |
| Belgium | 287 | N/A | 0.9 | N/A | -94.4% |
| Others | 109 | 53.0 | 150 | 85.2 | -7.9% |
| Total | 4,496 | 2,405 | 2,085 | 3,043 | -12.2% |
Top Suppliers of Hand-Operated Drilling, Threading or Tapping Tool to the Philippines in 2022:
- Japan (72.4 tons)
- China (16.5 tons)
- South Korea (12.1 tons)
- Hong Kong SAR (5.9 tons)
- Malaysia (5.6 tons)
- United States (5.2 tons)
- Singapore (4.1 tons)
- Taiwan (Chinese) (1.7 tons)
Exports of Hand-Operated Drilling, Threading or Tapping Tool in the Philippines
In 2022, shipments abroad of hand-operated drilling, threading or tapping tools decreased by -94.8% to 2.4 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 6,579% against the previous year. As a result, the exports reached the peak of 46 tons, and then dropped sharply in the following year.
In value terms, exports of hand-operated drilling, threading or tapping tools dropped dramatically to $62K in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 6,117% against the previous year. As a result, the exports attained the peak of $1.3M, and then shrank markedly in the following year.
| Export of Hand-Operated Drilling, Threading or Tapping Tool in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 37.5 | 0% |
| Singapore | 0.3 | N/A | N/A | 11.6 | 238.2% |
| Japan | 2.0 | 17.1 | 15.6 | 7.3 | 54.0% |
| Thailand | N/A | N/A | N/A | 6.0 | 0% |
| Others | 9.5 | 3.6 | 1,269 | 0.1 | -78.1% |
| Total | 11.8 | 20.7 | 1,285 | 62.4 | 74.2% |
Top Export Markets for Hand-Operated Drilling, Threading or Tapping Tool from the Philippines in 2022:
- Malaysia (1458.0 kg)
- Singapore (452.0 kg)
- Japan (282.0 kg)
- Thailand (231.0 kg)
This report provides an in-depth analysis of the market for hand-operated drilling, threading or tapping tool 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 25733053 - Drilling, threading or tapping hand tools excluding interchangeable hand tools, machine-tools or power-operated hand tools, pneumatic tools or hand tools with a selfcontained motor
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.
-
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
-
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
-
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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