Report Update: May 1, 2024

Philippines - Lathes For Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

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Price for Lathe for Removing Metal in the Philippines - 2023

Price for Lathe for Removing Metal in the Philippines (CIF) - 2022

The average lathe for removing metal import price stood at $5,102 per unit in 2022, shrinking by -30.5% against the previous year. Over the period under review, the import price saw a pronounced downturn. The pace of growth was the most pronounced in 2013 an increase of 58%. As a result, import price reached the peak level of $11,331 per unit. From 2014 to 2022, the average import prices remained 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 Japan ($12,916 per unit), while the price for Vietnam ($1,500 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Lathe for Removing Metal in the Philippines (FOB) - 2023

The average lathe for removing metal export price stood at $52,660 per unit in July 2023, waning by -30.2% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 an increase of 45% m-o-m. The export price peaked at $75,464 per unit in June 2023, and then shrank significantly in the following month.

There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Indonesia ($61,624 per unit), while the average price for exports to Taiwan (Chinese) ($30,672 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lathe for Removing Metal in the Philippines

In 2022, the amount of lathes for removing metal imported into the Philippines rose remarkably to 2.7K units, picking up by 9.4% compared with 2021 figures. In general, imports, however, continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. Over the period under review, lafor removing metal imports hit record highs at 5.4K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, lathe for removing metal imports contracted rapidly to $14M in 2022. Overall, imports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 100%. Over the period under review, lafor removing metal imports reached the maximum at $25M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Lathe for Removing Metal in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	16.5	6.1	10.4	6.1	-28.2%
China	2.4	1.2	1.5	1.9	-7.5%
United States	0.8	0.1	0.1	1.7	28.6%
Italy	N/A	N/A	N/A	0.8	0%
South Korea	0.8	0.2	2.8	0.6	-9.1%
Germany	N/A	N/A	0.4	0.5	25.0%
Taiwan (Chinese)	1.4	0.8	0.7	0.4	-34.1%
Singapore	2.0	0.3	0.8	0.2	-53.6%
Vietnam	0.4	N/A	0.2	0.1	-37.0%
Others	1.1	0.4	1.2	1.4	8.4%
Total	25.3	9.0	18.0	13.7	-18.5%

Top Suppliers of Lathe for Removing Metal to the Philippines in 2022:

United States (1091.0 units)
China (681.0 units)
Japan (471.0 units)
Italy (85.0 units)
South Korea (69.0 units)
Germany (52.0 units)
Vietnam (49.0 units)
Taiwan (Chinese) (43.0 units)
Singapore (10.0 units)

Exports of Lathe for Removing Metal in the Philippines

In 2022, approx. 444 units of lathes for removing metal were exported from the Philippines; growing by 13% on the year before. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 545% against the previous year. As a result, the exports attained the peak of 2.4K units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, lathe for removing metal exports surged to $26M in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +23.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +89.9% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 68% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Export of Lathe for Removing Metal in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	3.3	1.4	4.3	8.2	35.4%
Japan	5.7	2.3	3.8	7.7	10.5%
United States	0.9	0.5	1.7	3.1	51.0%
Thailand	0.4	0.1	1.0	1.9	68.1%
Malaysia	0.6	17.5	1.5	1.8	44.2%
Vietnam	1.2	0.2	1.2	1.6	10.1%
Taiwan (Chinese)	0.5	0.3	0.8	1.2	33.9%
China	0.6	0.8	1.5	0.1	-45.0%
Guinea	N/A	N/A	N/A	N/A	0%
Others	0.5	0.1	1.1	0.5	0.0%
Total	13.7	23.1	17.0	26.1	24.0%

Top Export Markets for Lathe for Removing Metal from the Philippines in 2022:

Japan (129.0 units)
Netherlands (124.0 units)
Thailand (47.0 units)
United States (46.0 units)
Malaysia (39.0 units)
Vietnam (33.0 units)
Taiwan (Chinese) (14.0 units)
China (8.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for lathe for removing metal 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 28412123 - Numerically controlled horizontal lathes, turning centres, for removing metal
Prodcom 28412127 - Numerically controlled horizontal lathes, automatic lathes, for removing metal (excluding turning centres)
Prodcom 28412129 - Numerically controlled horizontal lathes, for removing metal (excluding turning centres, automatic lathes)
Prodcom 28412140 - Non-numerically controlled horizontal lathes, for removing metal
Prodcom 28412160 - Lathes, including turning centres, for removing metal (excluding horizontal lathes)

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023