Philippines - Tools For Working In The Hand, Pneumatic, Hydraulic Or With Self-Contained Non-Electric Motor - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Pneumatic or Hydraulic Hand Tool in the Philippines - 2023
Contents:
- Price for Pneumatic or Hydraulic Hand Tool in the Philippines (CIF) - 2022
- Price for Pneumatic or Hydraulic Hand Tool in the Philippines (FOB) - 2022
- Imports of Pneumatic or Hydraulic Hand Tool in the Philippines
- Exports of Pneumatic or Hydraulic Hand Tool in the Philippines
Price for Pneumatic or Hydraulic Hand Tool in the Philippines (CIF) - 2022
The average import price for pneumatic or hydraulic hand tools stood at $19 per unit in 2022, falling by -43.6% against the previous year. Overall, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pneumatic or hydraulic hand tool import price decreased by -51.1% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 94% against the previous year. The import price peaked at $38 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($443 per unit), while the price for Switzerland ($4.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pneumatic or Hydraulic Hand Tool in the Philippines (FOB) - 2022
In 2022, the average export price for pneumatic or hydraulic hand tools amounted to $78 per unit, shrinking by -51.3% against the previous year. Over the period under review, the export price showed a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 805%. The export price peaked at $414 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($237 per unit), while the average price for exports to Micronesia ($16 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 Ethiopia (+379.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pneumatic or Hydraulic Hand Tool in the Philippines
In 2022, the amount of pneumatic or hydraulic hand tools imported into the Philippines surged to 785K units, rising by 143% compared with the previous year's figure. In general, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, pneumatic or hydraulic hand tool imports surged to $15M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pneumatic or Hydraulic Hand Tool in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 6.8 | 4.0 | 5.2 | 6.5% |
| Japan | 1.9 | 0.8 | 1.1 | 1.3 | -11.9% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Australia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Switzerland | N/A | N/A | N/A | 0.1 | 0% |
| Others | 5.6 | 3.7 | 4.9 | 7.7 | 11.2% |
| Total | 12.1 | 11.5 | 10.6 | 14.5 | 6.2% |
Top Suppliers of Pneumatic or Hydraulic Hand Tool to the Philippines in 2022:
- China (675.8K units)
- Japan (24.6K units)
- Taiwan (Chinese) (19.6K units)
- Switzerland (14.9K units)
- Australia (9.2K units)
Exports of Pneumatic or Hydraulic Hand Tool in the Philippines
In 2022, pneumatic or hydraulic hand tool exports from the Philippines skyrocketed to 3.5K units, picking up by 170% on the previous year's figure. Over the period under review, exports enjoyed a strong expansion. Over the period under review, the exports attained the maximum at 4.2K units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
In value terms, pneumatic or hydraulic hand tool exports surged to $271K in 2022. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 139%. As a result, the exports attained the peak of $502K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Pneumatic or Hydraulic Hand Tool in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 3.9 | 6.8 | 4.3 | 127 | 219.3% |
| Malaysia | N/A | 41.1 | 39.5 | 57.0 | 17.8% |
| Japan | 1.9 | 13.9 | 145 | 37.6 | 170.5% |
| Thailand | 139 | 249 | N/A | 23.0 | -45.1% |
| South Korea | 1.8 | N/A | N/A | 14.9 | 102.3% |
| Australia | 12.6 | 9.9 | N/A | 3.8 | -32.9% |
| Micronesia | 0.3 | 0.3 | N/A | 3.8 | 133.1% |
| China | N/A | N/A | N/A | 1.6 | 0% |
| Indonesia | N/A | N/A | 8.0 | 0.2 | -97.5% |
| Uruguay | 10.6 | 0.2 | 4.6 | N/A | -34.1% |
| India | N/A | 86.2 | 0.5 | N/A | -99.4% |
| Northern Mariana Islands | 0.5 | N/A | N/A | N/A | 0% |
| Others | 39.7 | 95.0 | 4.7 | 2.6 | -59.7% |
| Total | 210 | 502 | 207 | 271 | 8.9% |
Top Export Markets for Pneumatic or Hydraulic Hand Tool from the Philippines in 2022:
- Singapore (1901.0 units)
- Malaysia (770.0 units)
- Japan (328.0 units)
- Micronesia (245.0 units)
- Thailand (97.0 units)
- South Korea (65.0 units)
- China (60.0 units)
- Australia (16.0 units)
- Indonesia (10.0 units)
This report provides an in-depth analysis of the market for pneumatic or hydraulic hand 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 28241240 - Tools for working in the hand, pneumatic, including combined rotary-percussion
- Prodcom 28241260 - Chainsaws with a self-contained non-electric motor
- Prodcom 28241280 - Handtools, hydraulic or with a self-contained non-electric motor (excluding chainsaws)
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
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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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