Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines - 2024
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines (CIF) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines (FOB) - 2022
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines
Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines (CIF) - 2022
The average import price for reciprocating or rotary internal combustion piston engineses stood at $891 per unit in 2022, with a decrease of -6.1% against the previous year. Overall, the import price, however, showed prominent growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 255% against the previous year. As a result, import price attained the peak level of $4,489 per unit. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($11,842 per unit), while the price for Taiwan (Chinese) ($73 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+49.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $1,046 per unit, growing by 119% against the previous year. Overall, the export price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 161% against the previous year. The export price peaked at $2,453 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($5,434 per unit), while the average price for exports to Thailand ($789 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 the United States (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines
In 2022, the amount of reciprocating or rotary internal combustion piston engineses imported into the Philippines soared to 318K units, rising by 47% against 2021 figures. Over the period under review, imports, however, recorded a noticeable downturn. Imports peaked at 344K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of reciprocating or rotary internal combustion piston engineses surged to $218M in 2022. In general, imports, however, showed a significant curtailment. Over the period under review, imports of hit record highs at $563M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 13.0 | 101 | 61.5 | 72.0 | 76.9% |
| United Kingdom | 56.1 | 1.0 | 23.1 | 59.0 | 1.7% |
| Poland | N/A | N/A | 0.8 | 23.4 | 2825.0% |
| Japan | 14.1 | 3.7 | 4.3 | 7.4 | -19.3% |
| Thailand | 5.5 | 2.1 | 6.1 | 4.9 | -3.8% |
| China | 28.9 | 12.4 | 11.2 | 4.7 | -45.4% |
| Germany | 94.3 | 18.6 | 12.6 | 3.1 | -68.0% |
| South Korea | 8.5 | 0.1 | N/A | 2.6 | -32.6% |
| Others | 342 | 161 | 58.0 | 40.5 | -50.9% |
| Total | 563 | 300 | 177 | 218 | -27.1% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to the Philippines in 2022:
- Singapore (121.5K units)
- Thailand (40.6K units)
- United Kingdom (34.1K units)
- China (32.5K units)
- Japan (25.9K units)
- South Korea (22.7K units)
- Poland (18.3K units)
- Germany (2.9K units)
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines
After two years of decline, shipments abroad of reciprocating or rotary internal combustion piston engineses increased by 288% to 7.6K units in 2022. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of reciprocating or rotary internal combustion piston engineses surged to $9.1M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 87% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | 1.1 | 3.3 | 200.0% |
| Germany | N/A | N/A | N/A | 2.2 | 0% |
| Singapore | 1.9 | 1.9 | 1.9 | 1.9 | 0.0% |
| United States | 0.4 | 4.3 | 0.1 | 0.9 | 31.0% |
| Macao SAR | N/A | N/A | N/A | N/A | 0% |
| United Kingdom | 0.4 | 0.4 | 0.8 | N/A | 41.4% |
| Canada | 0.5 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 0.3 | 1.0 | 0.7 | 11.9% |
| Total | 3.7 | 7.0 | 5.0 | 9.1 | 35.0% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from the Philippines in 2022:
- Thailand (4.2K units)
- Germany (2.7K units)
- Singapore (0.4K units)
- United States (0.3K units)
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