Philippines - Spades And Shovels - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpades and Shovels Price in the Philippines - 2023
Contents:
- Spades and Shovels Price in the Philippines (CIF) - 2022
- Spades and Shovels Price in the Philippines (FOB) - 2022
- Spades and Shovels Imports in the Philippines
- Spades and Shovels Exports in the Philippines
Spades and Shovels Price in the Philippines (CIF) - 2022
The average spades and shovels import price stood at $4,641 per ton in 2022, with an increase of 15% against the previous year. In general, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2018 when the average import price increased by 207% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +29.7% per year.
Spades and Shovels Price in the Philippines (FOB) - 2022
In 2022, the average spades and shovels export price amounted to $5,731 per ton, growing by 19% against the previous year. Overall, the export price enjoyed pronounced growth. The pace of growth appeared the most rapid in 2017 an increase of 179%. As a result, the export price reached the peak level of $23,591 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($75,227 per ton), while the average price for exports to Singapore ($3,239 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+51.4%), while the prices for the other major destinations experienced more modest paces of growth.
Spades and Shovels Imports in the Philippines
For the third year in a row, the Philippines recorded decline in supplies from abroad of spades and shovels, which decreased by -54.6% to 458 tons in 2022. Over the period under review, imports continue to indicate a sharp downturn. The smallest decline of -0.6% was in 2021.
In value terms, spades and shovels imports dropped dramatically to $2.1M in 2022. In general, imports faced a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 37%.
| Import of Spades and Shovels in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.6 | 2.9 | 3.9 | 2.1 | -27.9% |
| Others | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| Total | 5.8 | 3.0 | 4.1 | 2.1 | -28.7% |
Top Suppliers of Spades and Shovels to the Philippines in 2022:
- China (450.5 tons)
Spades and Shovels Exports in the Philippines
In 2022, exports of spades and shovels from the Philippines fell sharply to 102 kg, which is down by -40% against the previous year. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 146% against the previous year.
In value terms, spades and shovels exports dropped significantly to $586 in 2022. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 130% against the previous year.
| Export of Spades and Shovels in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 417 | 0% |
| Thailand | 101 | 125 | 236 | 71.0 | -11.1% |
| United States | 87.0 | 85.0 | 125 | 31.0 | -29.1% |
| Canada | 14.0 | 10.0 | 94.0 | 25.0 | 21.3% |
| Papua New Guinea | 61.0 | 56.0 | 77.0 | 17.0 | -34.7% |
| Singapore | 14.0 | 18.0 | 34.0 | 10.0 | -10.6% |
| Micronesia | 12.0 | 13.0 | 22.0 | 6.0 | -20.6% |
| Hong Kong SAR | 48.0 | N/A | N/A | N/A | 0% |
| Norway | N/A | N/A | 196 | N/A | 0% |
| South Korea | 78.0 | 44.0 | N/A | N/A | -43.6% |
| Japan | 478 | N/A | N/A | N/A | 0% |
| Others | 10.0 | 4.0 | 33.0 | 9.0 | -3.5% |
| Total | 903 | 355 | 817 | 586 | -13.4% |
Top Export Markets for Spades and Shovels from the Philippines in 2022:
- Australia (80.0 kg)
- United States (6.0 kg)
- Canada (5.0 kg)
- Papua New Guinea (4.0 kg)
- Singapore (3.0 kg)
- Micronesia (2.0 kg)
- Thailand (1.0 kg)
This report provides an in-depth analysis of the spades and shovels 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 25731010 - Spades and shovels
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.
-
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
-
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
-
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
-
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
-
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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