Philippines - Turbo-Jets Of A Thrust Exceeding 25 Kn - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 5, 2024

Philippines - Turbo-Jets Of A Thrust Exceeding 25 Kn - Market Analysis, Forecast, Size, Trends and Insights

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Price for Turbo-Jet (over 25 kN) in the Philippines - 2023

Contents:

  1. Price for Turbo-Jet (over 25 kN) in the Philippines (CIF) - 2023
  2. Price for Turbo-Jet (over 25 kN) in the Philippines (FOB) - 2022
  3. Imports of Turbo-Jet (over 25 kN) in the Philippines
  4. Exports of Turbo-Jet (over 25 kN) in the Philippines

Price for Turbo-Jet (over 25 kN) in the Philippines (CIF) - 2023

The average turbo-jet (over 25 kN) import price stood at $1.1M per unit in June 2023, picking up by 1.8% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Singapore ($1.1M per unit), while the price for Malaysia stood at $1.1M per unit.

From October 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+0.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Turbo-Jet (over 25 kN) in the Philippines (FOB) - 2022

In 2022, the average turbo-jet (over 25 kN) export price amounted to $6,665,553 per unit, shrinking by -3% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 68,735%. Over the period under review, the average export prices attained the peak figure at $6,871,877 per unit in 2021, and then shrank modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +2,636.3% per year.

Imports of Turbo-Jet (over 25 kN) in the Philippines

In 2022, imports of turbo-jets of a thrust exceeding 25 kN into the Philippines soared to 18K units, rising by 1,809,100% on the year before. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, turbo-jet (over 25 kN) imports soared to $77M in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Turbo-Jet (over 25 kN) in the Philippines (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
SingaporeN/AN/AN/A22.90%
ChinaN/AN/AN/A12.10%
Others5.1N/A20.842.0101.9%
Total5.1N/A20.877.0147.2%

Top Suppliers of Turbo-Jet (over 25 kN) to the Philippines in 2022:

  1. China (11.4K units)
  2. Singapore (6.5K units)

Exports of Turbo-Jet (over 25 kN) in the Philippines

In 2022, after three years of growth, there was significant decline in shipments abroad of turbo-jets of a thrust exceeding 25 kN, when their volume decreased by -23.1% to 10 units. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 400%. The exports peaked at 13 units in 2021, and then declined remarkably in the following year.

In value terms, turbo-jet (over 25 kN) exports contracted notably to $67M in 2022. Overall, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 772%. Over the period under review, the exports attained the maximum at $92M in 2021, and then reduced sharply in the following year.

Export of Turbo-Jet (over 25 kN) in the Philippines (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR3.86.735.965.9158.8%
South KoreaN/AN/A4.0N/A0%
Singapore1.034.841.9N/A547.3%
AustraliaN/AN/AN/AN/A0%
IsraelN/AN/AN/AN/A0%
OthersN/AN/A10.00.7-93.0%
Total4.841.691.766.7140.4%

Top Export Markets for Turbo-Jet (over 25 kN) from the Philippines in 2022:

  1. Hong Kong SAR (9.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for turbo-jet (over 25 kn) 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 30301200 - Turbo-jets and turbo-propellers, for civil use

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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