Philippines - Machines For Preparing, Weaving And Knitting Textiles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Textile Weaving and Knitting Machinery in the Philippines - 2023
Contents:
- Price for Textile Weaving and Knitting Machinery in the Philippines (CIF) - 2022
- Price for Textile Weaving and Knitting Machinery in the Philippines (FOB) - 2022
- Imports of Textile Weaving and Knitting Machinery in the Philippines
- Exports of Textile Weaving and Knitting Machinery in the Philippines
Price for Textile Weaving and Knitting Machinery in the Philippines (CIF) - 2022
The average import price for machines for preparing, weaving and knitting textiles stood at $1,106 per unit in 2022, increasing by 5.1% against the previous year. Over the period under review, the import price, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2013 an increase of 21%. As a result, import price reached the peak level of $3,247 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
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 Taiwan (Chinese) ($3,083 per unit), while the price for China ($470 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.0%), while the prices for the other major suppliers experienced a decline.
Price for Textile Weaving and Knitting Machinery in the Philippines (FOB) - 2022
The average export price for machines for preparing, weaving and knitting textiles stood at $8,141 per unit in 2022, picking up by 21% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 83% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($21,496 per unit), while the average price for exports to Malaysia ($4 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 Papua New Guinea (+55.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Weaving and Knitting Machinery in the Philippines
Textile weaving and knitting machinery imports into the Philippines surged to 9.2K units in 2022, growing by 36% on 2021. Over the period under review, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, textile weaving and knitting machinery imports skyrocketed to $10M in 2022. In general, imports, however, continue to indicate a noticeable setback. Imports peaked at $11M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Textile Weaving and Knitting Machinery in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 780 | 449 | 210 | 3,978 | 72.1% |
| China | 4,810 | 2,485 | 2,641 | 2,457 | -20.1% |
| Germany | 239 | 110 | 236 | 589 | 35.1% |
| Italy | 457 | 801 | 177 | 553 | 6.6% |
| Taiwan (Chinese) | 1,033 | 508 | 392 | 459 | -23.7% |
| Malaysia | 181 | 80.9 | 117 | 244 | 10.5% |
| Austria | 291 | 274 | 243 | 199 | -11.9% |
| South Korea | 711 | 251 | 1,248 | 164 | -38.7% |
| India | 542 | 251 | 342 | 145 | -35.6% |
| United States | 190 | 58.4 | 69.7 | 114 | -15.7% |
| Australia | 77.9 | 318 | 1.6 | 0.7 | -79.2% |
| Others | 2,157 | 1,645 | 1,420 | 1,267 | -16.3% |
| Total | 11,468 | 7,231 | 7,098 | 10,171 | -3.9% |
Top Suppliers of Textile Weaving and Knitting Machinery to the Philippines in 2022:
- China (5225.0 units)
- Japan (1574.0 units)
- Germany (447.0 units)
- Italy (343.0 units)
- India (293.0 units)
- Malaysia (287.0 units)
- United States (183.0 units)
- Austria (157.0 units)
- Taiwan (Chinese) (149.0 units)
- South Korea (103.0 units)
- Australia (1.0 units)
Exports of Textile Weaving and Knitting Machinery in the Philippines
After three years of growth, overseas shipments of machines for preparing, weaving and knitting textiles decreased by -78.2% to 27 units in 2022. Over the period under review, exports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 182% against the previous year. As a result, the exports reached the peak of 124 units, and then declined notably in the following year.
In value terms, textile weaving and knitting machinery exports fell notably to $220K in 2022. Overall, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 415% against the previous year. As a result, the exports attained the peak of $832K, and then contracted rapidly in the following year.
| Export of Textile Weaving and Knitting Machinery in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 8.0 | 75.7 | 4.0 | 172 | 178.1% |
| South Korea | 5.9 | 1.5 | 2.2 | 11.6 | 25.3% |
| Papua New Guinea | 8.7 | 4.5 | 10.1 | 8.9 | 0.8% |
| Japan | 16.6 | 6.1 | 8.2 | 8.0 | -21.6% |
| Bangladesh | 10.0 | 4.4 | 8.5 | 6.4 | -13.8% |
| Thailand | 6.0 | 40.1 | 5.5 | 4.8 | -7.2% |
| Hong Kong SAR | 5.6 | 2.7 | 4.9 | 3.8 | -12.1% |
| United States | 1.1 | 0.6 | 1.8 | 1.3 | 5.7% |
| China | 2.7 | 0.7 | 784 | 1.0 | -28.2% |
| Indonesia | 1.4 | 0.3 | 0.4 | 0.3 | -40.2% |
| Pakistan | 0.4 | 0.1 | 0.2 | 0.1 | -37.0% |
| Malaysia | N/A | 13.5 | N/A | N/A | 0% |
| Cambodia | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Others | 19.6 | 11.5 | 2.7 | 1.7 | -55.7% |
| Total | 86.2 | 162 | 832 | 220 | 36.7% |
Top Export Markets for Textile Weaving and Knitting Machinery from the Philippines in 2022:
- India (8.0 units)
- South Korea (3.0 units)
- Malaysia (2.0 units)
- Thailand (2.0 units)
- Pakistan (1.0 units)
- Bangladesh (1.0 units)
- Indonesia (1.0 units)
- Cambodia (1.0 units)
- Japan (1.0 units)
- United States (1.0 units)
- China (1.0 units)
- Papua New Guinea (1.0 units)
- Hong Kong SAR (1.0 units)
This report provides an in-depth analysis of the market for textile weaving and knitting machinery 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 28941100 - Machines for extruding, drawing, texturing or cutting manmade textile materials, machines for preparing textile fibres
- Prodcom 28941200 - Textile spinning machines, textile doubling, twisting, winding or reeling machines
- Prodcom 28941300 - Weaving machines
- Prodcom 28941430 - Circular knitting machines
- Prodcom 28941450 - Flat knitting machines, stitch-bonding machines and warp knitting machines
- Prodcom 28941470 - Machines for making gimped yarn, tulle, lace, embroidery, t rimmings, braid or net, and machines for tufting
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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