Rafts; Inflatable Price in the Philippines - 2023

Contents:

1. Rafts; Inflatable Price in the Philippines (CIF) - 2022
2. Rafts; Inflatable Price in the Philippines (FOB) - 2022
3. Rafts; Inflatable Imports in the Philippines
4. Rafts; Inflatable Exports in the Philippines

Rafts; Inflatable Price in the Philippines (CIF) - 2022

In 2022, the average rafts; inflatable import price amounted to $4,665 per unit, growing by 449% against the previous year. In general, the import price recorded a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Australia ($81,185 per unit), while the price for Switzerland ($35 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+45.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Rafts; Inflatable Price in the Philippines (FOB) - 2022

In 2022, the average rafts; inflatable export price amounted to $4,306 per unit, increasing by 11,924% against the previous year. Over the period under review, the export price, however, showed a mild slump. The export price peaked at $8,996 per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($11,300 per unit), while the average price for exports to Sweden ($210 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 Singapore (-13.5%), while the prices for the other major destinations experienced a decline.

Rafts; Inflatable Imports in the Philippines

In 2022, approx. 436 units of rafts; inflatables were imported into the Philippines; shrinking by -44.1% against the previous year's figure. Over the period under review, imports recorded a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, imports reached the maximum at 2.7K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, rafts; inflatable imports skyrocketed to $2M in 2022. Overall, imports recorded a deep slump. Imports peaked at $2.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Rafts; Inflatable to the Philippines in 2022:

1. China (233.0 units)
2. France (81.0 units)
3. Switzerland (47.0 units)
4. Singapore (34.0 units)
5. Australia (20.0 units)
6. United States (10.0 units)
7. Japan (2.0 units)

Rafts; Inflatable Exports in the Philippines

In 2022, the amount of rafts; inflatables exported from the Philippines declined dramatically to 17 units, falling by -96.5% against the previous year's figure. Over the period under review, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 1,315%. As a result, the exports reached the peak of 481 units, and then contracted sharply in the following year.

In value terms, rafts; inflatable exports skyrocketed to $73K in 2022. In general, exports, however, continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Rafts; Inflatable from the Philippines in 2022:

1. Singapore (7.0 units)
2. Australia (5.0 units)
3. Micronesia (4.0 units)
4. Sweden (1.0 units)

Source: IndexBox Market Intelligence Platform