Philippines - Tractors - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTractor Price in the Philippines - 2023
Contents:
- Tractor Price in the Philippines (CIF) - 2022
- Tractor Price in the Philippines (FOB) - 2022
- Tractor Imports in the Philippines
- Tractor Exports in the Philippines
Tractor Price in the Philippines (CIF) - 2022
The average tractor import price stood at $7,278 per unit in 2022, increasing by 28% against the previous year. Overall, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 43% against the previous year. Over the period under review, average import prices hit record highs at $13,688 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($14,449 per unit), while the price for Japan ($3,031 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tractor Price in the Philippines (FOB) - 2022
The average tractor export price stood at $63,746 per unit in 2022, jumping by 14,022% against the previous year. Over the period under review, the export price posted significant growth. 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($72,000 per unit), while the average price for exports to Papua New Guinea ($482 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 Taiwan (Chinese) (+98.3%), while the prices for the other major destinations experienced more modest paces of growth.
Tractor Imports in the Philippines
In 2022, approx. 15K units of tractors were imported into the Philippines; reducing by -45.3% on the previous year. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 117%. Over the period under review, imports reached the maximum at 30K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, tractor imports shrank dramatically to $113M in 2022. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 32% against the previous year. Imports peaked at $195M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Tractor in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 57.2 | 24.2 | 33.3 | 36.8 | -13.7% |
| Thailand | 48.4 | 39.0 | 50.5 | 28.9 | -15.8% |
| Japan | 45.4 | 16.4 | 32.7 | 23.1 | -20.2% |
| India | 6.1 | 18.5 | 24.3 | 10.5 | 19.8% |
| Indonesia | N/A | N/A | 0.1 | 1.3 | 1200.0% |
| United States | 5.3 | 0.9 | 0.6 | 0.8 | -46.8% |
| Vietnam | 2.1 | 1.7 | 3.3 | 0.6 | -34.1% |
| Others | 30.4 | 21.4 | 16.5 | 10.8 | -29.2% |
| Total | 195 | 122 | 161 | 113 | -16.6% |
Top Suppliers of Tractor to the Philippines in 2022:
- Japan (7.6K units)
- China (2.5K units)
- Thailand (2.5K units)
- India (1.3K units)
- Indonesia (0.4K units)
- United States (0.2K units)
- Vietnam (0.2K units)
Tractor Exports in the Philippines
In 2022, approx. 22 units of tractors were exported from the Philippines; picking up by 22% against the year before. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, tractor exports soared to $1.4M in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Tractor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 1,041 | 0% |
| Australia | N/A | N/A | N/A | 360 | 0% |
| Papua New Guinea | 88.0 | N/A | N/A | 0.5 | -82.2% |
| Malaysia | N/A | N/A | N/A | 0.5 | 0% |
| South Korea | 47.4 | N/A | N/A | N/A | 0% |
| Japan | N/A | N/A | 7.8 | N/A | 0% |
| Qatar | 0.6 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 0.3 | N/A | 0% |
| Total | 136 | N/A | 8.1 | 1,402 | 117.6% |
Top Export Markets for Tractor from the Philippines in 2022:
- Thailand (15.0 units)
- Australia (5.0 units)
- Malaysia (1.0 units)
- Papua New Guinea (1.0 units)
This report provides an in-depth analysis of the tractor 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 28301000 - Pedestrian-controlled tractors
- Prodcom 28302100 - New agricultural and forestry tractors, wheeled, of an engine power . .37 kW
- Prodcom 28302200 - New agricultural and forestry tractors, wheeled, of an engine power > .37 kW but . .59 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302330 - New agricultural and forestry tractors, wheeled, of an engine power > .59 kW but . .75 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302350 - New agricultural and forestry tractors, wheeled, of an engine power > .75 kW but . .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302370 - New agricultural and forestry tractors, wheeled, of an engine power > .90 kW (excluding pedestrian-controlled tractors)
- Prodcom 28302390 - New tractors excluding agricultural/forestry tractors, wheeled, p edestrian-controlled tractors - road tractors for semi-trailers, t rack-laying tractors -tractors used on railway platforms
- Prodcom 28925000 - (Crawler tractors) Track-laying tractors
- Prodcom 29104300 - Road tractors for semi-trailers
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
-
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
-
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
593
This report provides an in-depth analysis of the tractor market in the Philippines.
408
This report provides an in-depth analysis of the market for road tractor for semi-trailer in the Philippines.
554
This report provides an in-depth analysis of the crawler tractor market in the Philippines.
338
This report provides an in-depth analysis of the pedestrian-controlled tractor market in the Philippines.
223
This report provides an in-depth analysis of the market for agricultural and forestry tractor in the Philippines.
3420
This report provides an in-depth analysis of the global tractor market.
856
This report provides an in-depth analysis of the global market for road tractor for semi-trailer.
1215
This report provides an in-depth analysis of the global crawler tractor market.
486
This report provides an in-depth analysis of the global pedestrian-controlled tractor market.
247
This report provides an in-depth analysis of the global market for agricultural and forestry tractor.
939
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
684
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
1350
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
207
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
939
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
684
In 2016, approx. X tons of tractor were imported worldwide- shrinking by -X% against the previous year figure. Overall, tractor imports continue to indicate a relatively flat trend pattern. The...
1350
Mexico claimed dominance in the global road tractors for semi-trailers trade. In 2014, Mexico exported X thousand units of road tractors for semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was the U.
207
Explore the top import markets for agricultural and forestry tractors, their import values, and key statistics. Discover the leading countries in the global market using data from IndexBox platform.
