Price for Winches and Capstans; Powered by an Electric Motor in the Philippines - 2023
Contents:
- Price for Winches and Capstans; Powered by an Electric Motor in the Philippines (FOB) - 2022
- Price for Winches and Capstans; Powered by an Electric Motor in the Philippines (CIF) - 2022
- Exports of Winches and Capstans; Powered by an Electric Motor in the Philippines
- Imports of Winches and Capstans; Powered by an Electric Motor in the Philippines
Price for Winches and Capstans; Powered by an Electric Motor in the Philippines (FOB) - 2022
The average export price for winches and capstans; powered by an electric motors stood at $7,732 per unit in 2022, growing by 661% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
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 Singapore ($27,831 per unit), while the average price for exports to China ($126 per unit) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+170.5%).
Price for Winches and Capstans; Powered by an Electric Motor in the Philippines (CIF) - 2022
The average import price for winches and capstans; powered by an electric motors stood at $140 per unit in 2022, growing by 21% against the previous year. Overall, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 43%. Over the period under review, average import prices attained the maximum at $1,290 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
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) ($623 per unit), while the price for China ($113 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) (+1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Winches and Capstans; Powered by an Electric Motor in the Philippines
After two years of decline, overseas shipments of winches and capstans; powered by an electric motors increased by 5,400% to 220 units in 2022. Overall, exports, however, recorded a precipitous setback. The exports peaked at 1.1K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of winches and capstans; powered by an electric motors skyrocketed to $1.7M in 2022. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Winches and Capstans; Powered by an Electric Motor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 2.6 | 0.2 | 3.0 | 1,364 | 706.5% |
| Denmark | N/A | N/A | N/A | 149 | 0% |
| Netherlands | N/A | N/A | N/A | 135 | 0% |
| China | N/A | N/A | N/A | 18.0 | 0% |
| South Korea | 426 | N/A | N/A | N/A | 0% |
| Papua New Guinea | 32.4 | 84.5 | 0.1 | N/A | -94.4% |
| Others | 16.9 | 8.8 | 1.0 | 34.9 | 27.3% |
| Total | 478 | 93.5 | 4.1 | 1,701 | 52.7% |
Top Export Markets for Winches and Capstans; Powered by an Electric Motor from the Philippines in 2022:
- China (143.0 units)
- Singapore (49.0 units)
- Denmark (18.0 units)
- Netherlands (5.0 units)
Imports of Winches and Capstans; Powered by an Electric Motor in the Philippines
In 2022, purchases abroad of winches and capstans; powered by an electric motors decreased by -72.8% to 6.9K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 286% against the previous year. As a result, imports reached the peak of 25K units, and then dropped remarkably in the following year.
In value terms, imports of winches and capstans; powered by an electric motors reduced dramatically to $965K in 2022. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 when imports increased by 108%. As a result, imports attained the peak of $2.9M, and then declined rapidly in the following year.
| Import of Winches and Capstans; Powered by an Electric Motor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 461 | 250 | 867 | 754 | 17.8% |
| Taiwan (Chinese) | 377 | 656 | 32.0 | 20.6 | -62.1% |
| Malaysia | N/A | N/A | 1,341 | N/A | 0% |
| Others | 452 | 503 | 690 | 191 | -25.0% |
| Total | 1,291 | 1,409 | 2,930 | 965 | -9.2% |
Top Suppliers of Winches and Capstans; Powered by an Electric Motor to the Philippines in 2022:
- China (6.7K units)
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