Philippines - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in the Philippines - 2023
Contents:
- Price for Mechanical Shovel and Excavator in the Philippines (CIF) - 2022
- Price for Mechanical Shovel and Excavator in the Philippines (FOB) - 2022
- Imports of Mechanical Shovel and Excavator in the Philippines
- Exports of Mechanical Shovel and Excavator in the Philippines
Price for Mechanical Shovel and Excavator in the Philippines (CIF) - 2022
In 2022, the average mechanical shovel and excavator import price amounted to $21,377 per unit, growing by 11% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mechanical shovel and excavator import price increased by +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 41% against the previous year. The import price peaked at $26,960 per unit in 2016; however, from 2017 to 2022, import prices stood 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 South Korea ($63,411 per unit), while the price for Hong Kong SAR ($9,079 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mechanical Shovel and Excavator in the Philippines (FOB) - 2022
In 2022, the average mechanical shovel and excavator export price amounted to $105,708 per unit, surging by 218% against the previous year. Overall, the export price showed prominent growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($164,554 per unit), while the average price for exports to Taiwan (Chinese) ($16,125 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 New Zealand (+248.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Shovel and Excavator in the Philippines
Mechanical shovel and excavator imports into the Philippines stood at 20K units in 2022, rising by 2.8% against the previous year. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Imports peaked at 24K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, mechanical shovel and excavator imports stood at $436M in 2022. In general, total imports indicated a tangible increase from 2019 to 2022: its value increased at an average annual rate of +3.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Mechanical Shovel and Excavator in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 134 | 103 | 165 | 217 | 17.4% |
Japan | 85.1 | 44.1 | 50.1 | 72.1 | -5.4% |
Thailand | 39.3 | 13.9 | 37.8 | 58.0 | 13.9% |
South Korea | 69.5 | 51.7 | 78.8 | 44.6 | -13.7% |
Hong Kong SAR | 3.5 | 1.1 | 3.6 | 4.0 | 4.6% |
Others | 59.4 | 33.0 | 47.1 | 40.5 | -12.0% |
Total | 391 | 247 | 382 | 436 | 3.7% |
Top Suppliers of Mechanical Shovel and Excavator to the Philippines in 2022:
- China (11.3K units)
- Japan (6.0K units)
- Thailand (1.0K units)
- South Korea (0.7K units)
- Hong Kong SAR (0.4K units)
Exports of Mechanical Shovel and Excavator in the Philippines
In 2022, the amount of mechanical shovels, excavators and shovel loaders exported from the Philippines skyrocketed to 52 units, increasing by 86% compared with 2021. In general, exports, however, faced a dramatic downturn. Over the period under review, the exports hit record highs at 224 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, mechanical shovel and excavator exports soared to $5.5M in 2022. Overall, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Mechanical Shovel and Excavator in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | N/A | N/A | 3,127 | 0% |
Singapore | 0.1 | 67.4 | 1.4 | 1,721 | 2481.8% |
China | 0.4 | 5.1 | N/A | 185 | 673.3% |
Australia | 729 | N/A | N/A | 180 | -37.3% |
Belgium | N/A | N/A | N/A | 170 | 0% |
Fiji | N/A | N/A | N/A | 80.0 | 0% |
Taiwan (Chinese) | 177 | 427 | 8.3 | 32.3 | -43.3% |
Japan | 42.5 | 19.5 | 533 | 1.9 | -64.5% |
Papua New Guinea | 1,005 | 36.6 | N/A | N/A | -96.4% |
Indonesia | 735 | N/A | N/A | N/A | 0% |
Guam | 306 | 0.2 | N/A | N/A | -99.9% |
Others | 246 | 143 | 389 | N/A | 25.7% |
Total | 3,241 | 698 | 932 | 5,497 | 19.3% |
Top Export Markets for Mechanical Shovel and Excavator from the Philippines in 2022:
- Singapore (19.0 units)
- Netherlands (19.0 units)
- Australia (6.0 units)
- China (3.0 units)
- Taiwan (Chinese) (2.0 units)
- Belgium (2.0 units)
- Fiji (1.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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
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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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