Philippines - Self-Propelled Boring Or Sinking Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSelf-Propelled Boring Machinery Price in the Philippines - 2023
Contents:
- Self-Propelled Boring Machinery Price in the Philippines (CIF) - 2022
- Self-Propelled Boring Machinery Price in the Philippines (FOB) - 2022
- Self-Propelled Boring Machinery Imports in the Philippines
- Self-Propelled Boring Machinery Exports in the Philippines
Self-Propelled Boring Machinery Price in the Philippines (CIF) - 2022
The average self-propelled boring machinery import price stood at $30,396 per unit in 2022, jumping by 21% against the previous year. In general, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2019 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the peak figure at $81,227 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 Italy ($201,351 per unit), while the price for Australia ($77 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+295.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Self-Propelled Boring Machinery Price in the Philippines (FOB) - 2022
In 2022, the average self-propelled boring machinery export price amounted to $25,000 per unit, with a decrease of -85.5% against the previous year. In general, the export price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 7,730%. Over the period under review, the average export prices reached the peak figure at $171,903 per unit in 2021, and then dropped rapidly in the following year.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +736.6% per year.
Self-Propelled Boring Machinery Imports in the Philippines
In 2022, approx. 474 units of self-propelled boring or sinking machinery were imported into the Philippines; waning by -48% compared with 2021. In general, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 43% against the previous year. As a result, imports attained the peak of 912 units, and then dropped notably in the following year.
In value terms, self-propelled boring machinery imports declined rapidly to $14M in 2022. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 36%. Imports peaked at $26M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Self-Propelled Boring Machinery in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.7 | 6.7 | 7.1 | 3.7 | -18.0% |
| South Korea | 0.7 | 0.4 | 0.6 | 3.5 | 71.0% |
| Italy | 7.0 | 1.0 | 1.2 | 2.2 | -32.0% |
| Finland | 0.1 | 1.7 | 1.7 | 1.4 | 141.0% |
| Canada | 0.2 | 0.1 | N/A | 0.7 | 51.8% |
| Japan | 1.2 | 0.7 | 4.1 | 0.6 | -20.6% |
| India | N/A | 0.2 | 0.1 | 0.3 | 22.5% |
| Malaysia | 0.5 | N/A | N/A | N/A | 0% |
| United States | 0.6 | 0.2 | 0.2 | N/A | -42.3% |
| Others | 8.5 | 6.0 | 8.1 | 2.1 | -37.3% |
| Total | 25.6 | 16.9 | 22.9 | 14.4 | -17.5% |
Top Suppliers of Self-Propelled Boring Machinery to the Philippines in 2022:
- China (326.0 units)
- South Korea (49.0 units)
- Japan (24.0 units)
- India (13.0 units)
- Canada (12.0 units)
- Italy (11.0 units)
- Finland (8.0 units)
- Malaysia (1.0 units)
Self-Propelled Boring Machinery Exports in the Philippines
In 2022, shipments abroad of self-propelled boring or sinking machinery decreased by -80% to 1 units, falling for the second year in a row after two years of growth. In general, exports showed a significant curtailment. The growth pace was the most rapid in 2020 with an increase of 25%. As a result, the exports reached the peak of 10 units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, self-propelled boring machinery exports dropped dramatically to $25K in 2022. Overall, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 48%. Over the period under review, the exports hit record highs at $860K in 2021, and then declined sharply in the following year.
| Export of Self-Propelled Boring Machinery in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 45.8 | 184 | 63.5 | 25.0 | -18.3% |
| Hong Kong SAR | 118 | N/A | N/A | N/A | 0% |
| South Korea | 24.7 | 96.8 | 34.5 | N/A | 18.2% |
| Japan | N/A | N/A | 675 | N/A | 0% |
| Namibia | 10.5 | N/A | N/A | N/A | 0% |
| Indonesia | 118 | N/A | N/A | N/A | 0% |
| Singapore | 111 | 369 | 86.8 | N/A | -11.6% |
| Kyrgyzstan | 13.3 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 440 | 650 | 860 | 25.0 | -61.6% |
Top Export Markets for Self-Propelled Boring Machinery from the Philippines in 2022:
- Malaysia (1.0 units)
This report provides an in-depth analysis of the self-propelled boring machinery market 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 28921253 - Self-propelled boring or sinking machinery
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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