Philippines - Toothed Wheels, Chain Sprockets and Other Transmission Elements - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines - 2023
Contents:
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines (CIF) - 2022
- Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines (FOB) - 2022
- Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines
- Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines (CIF) - 2022
In 2022, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $16,311 per ton, rising by 2.8% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 80%. Over the period under review, average import prices hit record highs at $18,358 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($16,306 per ton) and China ($16,306 per ton), while the price for Singapore ($16,306 per ton) and Taiwan (Chinese) ($16,306 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines (FOB) - 2022
The average export price for toothed wheels, chain sprockets and other transmission elements stood at $28,256 per ton in 2022, rising by 9.4% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for toothed wheels, chain sprockets and other transmission elements increased by +121.9% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of 51%. The export price peaked in 2022 and is likely to see steady growth in years to come.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($28,256 per ton) and Indonesia ($28,256 per ton), while the average price for exports to Japan ($28,255 per ton) and China ($28,255 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 (+45.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines
In 2022, the amount of toothed wheels, chain sprockets and other transmission elements imported into the Philippines reduced to 5.1K tons, which is down by -12.1% compared with 2021. In general, imports, however, showed a moderate increase. The pace of growth was the most pronounced in 2021 when imports increased by 137%. As a result, imports attained the peak of 5.8K tons, and then contracted in the following year.
In value terms, imports of toothed wheels, chain sprockets and other transmission elements declined to $83M in 2022. Overall, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2021 when imports increased by 105%. As a result, imports reached the peak of $92M, and then declined in the following year.
| Import of Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.9 | 20.2 | 44.1 | 36.8 | 7.2% |
| Thailand | 9.9 | 6.4 | 17.7 | 16.0 | 17.4% |
| China | 7.3 | 7.9 | 14.2 | 9.9 | 10.7% |
| Germany | 1.4 | 1.2 | 1.4 | 4.9 | 51.8% |
| United States | 3.4 | 0.8 | 1.3 | 3.8 | 3.8% |
| South Korea | 2.0 | 1.1 | 2.6 | 2.0 | 0.0% |
| Indonesia | 2.3 | 0.8 | 1.2 | 1.5 | -13.3% |
| Malaysia | 2.8 | 1.1 | 0.9 | 1.4 | -20.6% |
| Hong Kong SAR | 0.7 | 2.0 | 1.7 | 1.4 | 26.0% |
| Singapore | 1.2 | 1.0 | 1.8 | 1.3 | 2.7% |
| Others | 4.1 | 2.3 | 5.0 | 3.9 | -1.7% |
| Total | 64.9 | 44.9 | 91.8 | 83.0 | 8.5% |
Top Suppliers of Toothed Wheels, Chain Sprockets and Other Transmission Elements to the Philippines in 2022:
- Japan (2258.8 tons)
- Thailand (982.8 tons)
- China (607.4 tons)
- Germany (299.0 tons)
- United States (232.7 tons)
- South Korea (123.3 tons)
- Indonesia (89.9 tons)
- Hong Kong SAR (87.5 tons)
- Malaysia (85.0 tons)
- Singapore (82.5 tons)
Exports of Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines
In 2022, the amount of toothed wheels, chain sprockets and other transmission elements exported from the Philippines shrank to 1.2K tons, reducing by -13.5% on 2021 figures. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 111%. As a result, the exports attained the peak of 1.4K tons, and then declined in the following year.
In value terms, exports of toothed wheels, chain sprockets and other transmission elements declined to $35M in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 121%. As a result, the exports reached the peak of $36M, and then reduced in the following year.
| Export of Toothed Wheels, Chain Sprockets and Other Transmission Elements in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | 0.1 | N/A | 11.2 | 958.3% |
| Japan | 8.3 | 7.0 | 16.7 | 10.7 | 8.8% |
| China | 0.2 | 3.0 | 7.7 | 5.1 | 194.3% |
| Thailand | 0.9 | 0.9 | 1.3 | 2.8 | 46.0% |
| United States | 0.6 | 0.5 | 1.1 | 1.1 | 22.4% |
| Vietnam | 1.7 | 1.0 | 1.0 | 0.8 | -22.2% |
| Taiwan (Chinese) | N/A | 0.3 | 1.6 | 0.7 | 52.8% |
| Indonesia | 1.1 | 0.7 | 1.0 | 0.5 | -23.1% |
| Germany | 1.5 | 2.8 | 4.1 | 0.2 | -48.9% |
| Others | 0.6 | 0.3 | 2.0 | 1.3 | 29.4% |
| Total | 15.0 | 16.5 | 36.5 | 34.5 | 32.0% |
Top Export Markets for Toothed Wheels, Chain Sprockets and Other Transmission Elements from the Philippines in 2022:
- Denmark (394.8 tons)
- Japan (378.5 tons)
- China (181.3 tons)
- Thailand (99.1 tons)
- United States (40.5 tons)
- Vietnam (29.5 tons)
- Taiwan (Chinese) (26.3 tons)
- Indonesia (18.4 tons)
- Germany (8.7 tons)
This report provides an in-depth analysis of the market for toothed wheels, chain sprockets and other transmission elements 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 28153930 - Parts of bearing housings
- Prodcom 28153950 - Parts of transmission, cam and crankshafts, cranks, plain shaft bearings, gears, ball/roller screws, gearboxes, torque converters, flywheels, pulleys, clutches, shaft couplings, u niversal joints
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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