Philippines - Starter Motors And Dual Purpose Starter Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStarter Motor Price in the Philippines - 2023
Contents:
- Starter Motor Price in the Philippines (CIF) - 2022
- Starter Motor Price in the Philippines (FOB) - 2022
- Starter Motor Imports in the Philippines
- Starter Motor Exports in the Philippines
Starter Motor Price in the Philippines (CIF) - 2022
The average starter motor import price stood at $67 per unit in 2022, reducing by -23.7% against the previous year. Overall, the import price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 an increase of 48% against the previous year. As a result, import price reached the peak level of $88 per unit, and then declined notably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($69 per unit), while the price for the United Arab Emirates ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Starter Motor Price in the Philippines (FOB) - 2022
The average starter motor export price stood at $40 per unit in 2022, reducing by -7.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when the average export price increased by 5.3% against the previous year. The export price peaked at $56 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.4% per year.
Starter Motor Imports in the Philippines
In 2022, approx. 66K units of starter motors and dual purpose starter generators were imported into the Philippines; rising by 28% against the previous year. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 34%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, starter motor imports contracted modestly to $4.4M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +51.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. As a result, imports attained the peak of $4.5M, and then shrank slightly in the following year.
| Import of Starter Motor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 461 | 673 | 1,081 | 1,004 | 29.6% |
| Japan | 416 | 680 | 623 | 579 | 11.7% |
| United Kingdom | 25.8 | 29.8 | 548 | 509 | 170.2% |
| United States | 416 | 612 | 493 | 462 | 3.6% |
| France | 247 | 9.7 | 435 | 404 | 17.8% |
| China | 306 | 642 | 379 | 403 | 9.6% |
| Germany | 420 | 225 | 84.9 | 221 | -19.3% |
| Hong Kong SAR | 66.6 | 3.7 | 113 | 105 | 16.4% |
| South Korea | 28.0 | 34.5 | 94.6 | 87.9 | 46.4% |
| Mexico | 9.8 | 23.5 | 88.9 | 82.5 | 103.4% |
| Malaysia | 33.8 | 33.8 | 87.3 | 81.1 | 33.9% |
| Thailand | 111 | 43.4 | 79.0 | 73.4 | -12.9% |
| United Arab Emirates | 41.4 | 36.1 | 75.4 | 70.0 | 19.1% |
| Others | 332 | 351 | 348 | 343 | 1.1% |
| Total | 2,914 | 3,397 | 4,531 | 4,424 | 14.9% |
Top Suppliers of Starter Motor to the Philippines in 2022:
- Singapore (14.6K units)
- Japan (8.4K units)
- United Kingdom (7.4K units)
- United States (6.7K units)
- France (5.9K units)
- China (5.9K units)
- Germany (3.2K units)
- United Arab Emirates (2.3K units)
- Hong Kong SAR (1.5K units)
- South Korea (1.3K units)
- Mexico (1.2K units)
- Malaysia (1.2K units)
- Thailand (1.1K units)
Starter Motor Exports in the Philippines
In 2022, approx. 25K units of starter motors and dual purpose starter generators were exported from the Philippines; waning by -4.8% compared with the year before. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs at 55K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, starter motor exports contracted to $998K in 2022. In general, exports continue to indicate a dramatic descent. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports reached the peak figure at $2.4M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Starter Motor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,177 | 997 | 1,126 | 996 | -22.9% |
| United States | 203 | N/A | 0.3 | N/A | -96.2% |
| Others | 10.8 | 5.9 | 10.5 | 2.0 | -43.0% |
| Total | 2,390 | 1,003 | 1,137 | 998 | -25.3% |
Top Export Markets for Starter Motor from the Philippines in 2022:
- Japan (25.2K units)
This report provides an in-depth analysis of the starter motor 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 29312230 - Starter motors and dual-purpose starter-generators
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
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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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