Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines - 2023
Contents:
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines (CIF) - 2022
- Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines (FOB) - 2022
- Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines
- Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines (CIF) - 2022
The average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $118,587 per ton in 2022, reducing by -3.1% against the previous year. In general, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 68%. Over the period under review, average import prices hit record highs at $122,440 per ton in 2021, and then reduced slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($118,603 per ton) and Hong Kong SAR ($118,595 per ton), while the price for Taiwan (Chinese) ($118,566 per ton) and Vietnam ($118,567 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines (FOB) - 2022
The average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses stood at $128,395 per ton in 2022, falling by -8.8% against the previous year. In general, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 an increase of 114% against the previous year. Over the period under review, the average export prices attained the peak figure at $140,837 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($128,442 per ton) and Japan ($128,407 per ton), while the average price for exports to Thailand ($127,883 per ton) and South Korea ($128,255 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 Denmark (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines
Imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses into the Philippines shrank to 96 tons in 2022, declining by -10.8% against the previous year's figure. In general, imports recorded a sharp slump.
In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses declined to $11M in 2022. Over the period under review, imports continue to indicate a dramatic setback.
| Import of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 11.9 | 6.4 | 7.7 | 6.6 | -17.8% |
| China | 1.7 | 1.9 | 1.7 | 1.5 | -4.1% |
| South Korea | 5.9 | 5.9 | 1.6 | 0.8 | -48.6% |
| Malaysia | 0.6 | 0.2 | 0.2 | 0.5 | -5.9% |
| Singapore | 0.9 | 0.4 | 0.6 | 0.4 | -23.7% |
| Taiwan (Chinese) | 0.6 | 0.1 | 0.1 | 0.3 | -20.6% |
| United States | 0.7 | 0.5 | 0.3 | 0.3 | -24.6% |
| Hong Kong SAR | 0.8 | 0.3 | 0.4 | 0.3 | -27.9% |
| Germany | 0.9 | 0.3 | 0.3 | 0.1 | -51.9% |
| Others | 0.7 | 0.5 | 0.4 | 0.6 | -5.0% |
| Total | 24.7 | 16.5 | 13.2 | 11.4 | -22.7% |
Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to the Philippines in 2022:
- Japan (55.7 tons)
- China (12.4 tons)
- South Korea (7.0 tons)
- Malaysia (3.9 tons)
- Singapore (3.4 tons)
- United States (2.8 tons)
- Hong Kong SAR (2.4 tons)
- Taiwan (Chinese) (2.2 tons)
- Germany (1.3 tons)
Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines
In 2022, shipments abroad of machine-tools; parts and accessories, tool holders and self-opening dieheadses decreased by -27% to 6.2 tons, falling for the second consecutive year after two years of growth. In general, exports showed a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year. As a result, the exports reached the peak of 15 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses shrank markedly to $802K in 2022. Over the period under review, exports faced a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 41%. As a result, the exports reached the peak of $1.9M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 684 | 457 | 201 | 381 | -17.7% |
| Sweden | 184 | 293 | 664 | 294 | 16.9% |
| United States | 8.4 | 0.2 | N/A | 82.8 | 114.4% |
| South Korea | 57.8 | 263 | 12.2 | 17.6 | -32.7% |
| Thailand | 5.5 | 3.0 | N/A | 12.0 | 29.7% |
| Singapore | 59.0 | 15.2 | 133 | 3.7 | -60.3% |
| Vietnam | 296 | 719 | 168 | N/A | -24.7% |
| Indonesia | N/A | 90.1 | N/A | N/A | 0% |
| Others | 32.0 | 35.8 | 26.4 | 10.8 | -30.4% |
| Total | 1,326 | 1,875 | 1,205 | 802 | -15.4% |
Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from the Philippines in 2022:
- Japan (2971.0 kg)
- Sweden (2287.0 kg)
- United States (645.0 kg)
- South Korea (137.0 kg)
- Thailand (94.0 kg)
- Singapore (29.0 kg)
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