Philippines - Tower Cranes And Portal Or Pedestal Jib Cranes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tower and Portal Cranes in the Philippines - 2023
Contents:
- Price for Tower and Portal Cranes in the Philippines (CIF) - 2022
- Price for Tower and Portal Cranes in the Philippines (FOB) - 2022
- Imports of Tower and Portal Cranes in the Philippines
- Exports of Tower and Portal Cranes in the Philippines
Price for Tower and Portal Cranes in the Philippines (CIF) - 2022
The average tower and portal cranes import price stood at $39,309 per unit in 2022, increasing by 36% against the previous year. In general, the import price, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 55% against the previous year. Over the period under review, average import prices hit record highs at $76,123 per unit in 2013; however, from 2014 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 China ($41,611 per unit), while the price for Japan ($8,998 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Tower and Portal Cranes in the Philippines (FOB) - 2022
In 2022, the average tower and portal cranes export price amounted to $70,773 per unit, shrinking by -64.6% against the previous year. Over the period under review, the export price, however, recorded significant growth. The growth pace was the most rapid in 2013 an increase of 41,084% against the previous year. The export price peaked at $210,000 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($221,125 per unit), while the average price for exports to Mexico totaled $6,336 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+98.7%).
Imports of Tower and Portal Cranes in the Philippines
In 2022, approx. 143 units of tower cranes and portal or pedestal jib cranes were imported into the Philippines; shrinking by -66% on the previous year. In general, imports continue to indicate a dramatic downturn. The smallest decline of -29.3% was in 2021. Imports peaked at 1.2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, tower and portal cranes imports reduced notably to $5.6M in 2022. Over the period under review, imports faced a precipitous contraction. The smallest decline of -20.3% was in 2020. Imports peaked at $24M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Tower and Portal Cranes in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.8 | 10.3 | 7.3 | 4.5 | -37.9% |
| South Korea | 0.8 | 0.2 | 2.3 | 0.9 | 4.0% |
| Hong Kong SAR | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Germany | N/A | 7.2 | N/A | N/A | 0% |
| Singapore | 1.9 | 0.4 | N/A | N/A | -78.9% |
| Italy | 0.2 | N/A | 2.1 | N/A | 224.0% |
| Others | 2.2 | 1.2 | 0.5 | N/A | -52.3% |
| Total | 24.3 | 19.3 | 12.2 | 5.6 | -38.7% |
Top Suppliers of Tower and Portal Cranes to the Philippines in 2022:
- China (109.0 units)
- South Korea (28.0 units)
- Hong Kong SAR (4.0 units)
Exports of Tower and Portal Cranes in the Philippines
Tower and portal cranes exports from the Philippines surged to 20 units in 2022, with an increase of 1,900% on the previous year's figure. Over the period under review, exports, however, showed a deep reduction. Over the period under review, the exports hit record highs at 33 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, tower and portal cranes exports soared to $1.4M in 2022. In general, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 2,503% against the previous year. The exports peaked at $2.6M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tower and Portal Cranes in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,504 | N/A | N/A | 1,327 | -19.1% |
| Mexico | N/A | N/A | N/A | 88.7 | 0% |
| South Korea | 73.1 | N/A | 200 | N/A | 65.4% |
| India | N/A | 7.7 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 2,578 | 7.7 | 200 | 1,415 | -18.1% |
Top Export Markets for Tower and Portal Cranes from the Philippines in 2022:
- Mexico (14.0 units)
- China (6.0 units)
This report provides an in-depth analysis of the market for tower and portal cranes 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 28221440 - Tower cranes and portal or pedestal jib cranes
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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