Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines - 2023
Contents:
- Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines (CIF) - 2022
- Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines (FOB) - 2022
- Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines
- Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines
Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines (CIF) - 2022
The average import price for machinery; parts of machinery for making or finishing paper or paperboard stood at $37,427 per ton in July 2022, remaining constant against the previous month. In general, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In July 2022, the highest price was recorded for prices from India ($37,427 per ton) and Indonesia ($37,427 per ton), while the price for the UK ($37,427 per ton) and China ($37,427 per ton) were amongst the lowest.
From June 2022 to July 2022, the most notable rate of growth in terms of prices was attained by India (0.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines (FOB) - 2022
In 2022, the average export price for machinery; parts of machinery for making or finishing paper or paperboard amounted to $46,212 per ton, increasing by 36% against the previous year. In general, the export price showed a significant increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 222%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Taiwan (Chinese) ($46,296 per ton) and China ($46,262 per ton), while the average price for exports to Indonesia ($45,455 per ton) and Japan ($46,117 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 Germany (+82.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines
In 2022, supplies from abroad of machinery; parts of machinery for making or finishing paper or paperboard decreased by -20.8% to 409 tons, falling for the second year in a row after two years of growth. In general, imports recorded a dramatic decline. The pace of growth appeared the most rapid in 2020 when imports increased by 22% against the previous year. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of machinery; parts of machinery for making or finishing paper or paperboard dropped dramatically to $3.6M in 2022. Overall, imports recorded a sharp curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 112%. As a result, imports attained the peak of $22M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 9.8 | 3.2 | 1.0 | -45.6% |
| Taiwan (Chinese) | 0.8 | 0.8 | 0.7 | 0.8 | 0.0% |
| Thailand | 0.2 | 0.9 | 0.3 | 0.2 | 0.0% |
| South Korea | 1.2 | 1.7 | 0.1 | 0.1 | -56.3% |
| Canada | N/A | N/A | N/A | N/A | 0% |
| Others | 2.1 | 9.1 | 1.8 | 1.4 | -12.6% |
| Total | 10.5 | 22.3 | 6.0 | 3.6 | -30.0% |
Top Suppliers of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard to the Philippines in 2022:
- Taiwan (Chinese) (324.7 tons)
- China (32.8 tons)
- Thailand (20.2 tons)
- Canada (12.5 tons)
- South Korea (4.9 tons)
Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines
In 2022, overseas shipments of machinery; parts of machinery for making or finishing paper or paperboard decreased by -54.2% to 11 tons, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate modest growth. The pace of growth was the most pronounced in 2020 when exports increased by 153% against the previous year. As a result, the exports reached the peak of 26 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of machinery; parts of machinery for making or finishing paper or paperboard declined dramatically to $504K in 2022. Overall, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 144%.
| Export of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 75.1 | 364 | 656 | 475 | 84.9% |
| Taiwan (Chinese) | 9.3 | N/A | 7.8 | 10.0 | 2.4% |
| Japan | N/A | 6.1 | 7.8 | 9.5 | 24.8% |
| China | 1.1 | 96.2 | N/A | 8.8 | 100.0% |
| Indonesia | 39.1 | N/A | 2.0 | 1.0 | -70.5% |
| Malaysia | N/A | N/A | 10.8 | N/A | 0% |
| Germany | 45.4 | N/A | 118 | N/A | 61.2% |
| Others | 24.5 | 7.8 | 6.5 | 0.1 | -84.0% |
| Total | 194 | 474 | 809 | 504 | 37.5% |
Top Export Markets for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard from the Philippines in 2022:
- Thailand (10.3 tons)
- Taiwan (Chinese) (0.2 tons)
- China (0.2 tons)
- Japan (0.2 tons)
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