Philippines - Cargo Trailers and Semi-Trailers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTrailer and Semi-Trailer Price in the Philippines - 2023
Contents:
- Trailer and Semi-Trailer Price in the Philippines (CIF) - 2022
- Trailer and Semi-Trailer Price in the Philippines (FOB) - 2022
- Trailer and Semi-Trailer Imports in the Philippines
- Trailer and Semi-Trailer Exports in the Philippines
Trailer and Semi-Trailer Price in the Philippines (CIF) - 2022
The average trailer and semi-trailer import price stood at $4,982 per unit in 2022, growing by 37% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 87%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 Germany ($9,072 per unit), while the price for South Korea ($2,873 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Trailer and Semi-Trailer Price in the Philippines (FOB) - 2022
In 2022, the average trailer and semi-trailer export price amounted to $3,369 per unit, falling by -77.3% against the previous year. In general, the export price, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25,853%. Over the period under review, the average export prices reached the maximum at $14,823 per unit in 2021, and then declined notably in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($3,832 per unit), while the average price for exports to Hong Kong SAR ($3,023 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 (+68.6%), while the prices for the other major destinations experienced mixed trend patterns.
Trailer and Semi-Trailer Imports in the Philippines
Trailer and semi-trailer imports into the Philippines shrank remarkably to 4.2K units in 2022, waning by -46.6% compared with the previous year. Overall, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports reached the maximum at 9.1K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, trailer and semi-trailer imports fell sharply to $21M in 2022. In general, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 7.1% against the previous year. Imports peaked at $38M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Trailer and Semi-Trailer in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 15.6 | 10.2 | 9.9 | 10.7 | -11.8% |
Japan | 7.5 | 5.8 | 7.0 | 3.8 | -20.3% |
Germany | 3.7 | 1.4 | 2.7 | 3.1 | -5.7% |
Hong Kong SAR | 1.5 | 1.2 | 1.6 | 1.2 | -7.2% |
South Korea | 0.7 | 0.5 | 0.7 | 0.7 | 0.0% |
Singapore | 0.5 | 0.2 | 2.5 | 0.2 | -26.3% |
United States | 4.8 | 2.5 | 0.7 | 0.1 | -72.5% |
Denmark | N/A | 1.1 | N/A | N/A | 0% |
Others | 4.0 | 3.9 | 3.4 | 1.0 | -37.0% |
Total | 38.2 | 26.6 | 28.5 | 20.8 | -18.3% |
Top Suppliers of Trailer and Semi-Trailer to the Philippines in 2022:
- China (1997.0 units)
- Japan (1099.0 units)
- Germany (347.0 units)
- Hong Kong SAR (312.0 units)
- South Korea (239.0 units)
- Singapore (34.0 units)
- United States (30.0 units)
Trailer and Semi-Trailer Exports in the Philippines
In 2022, after two years of decline, there was significant growth in shipments abroad of cargo trailers and semi-trailers, when their volume increased by 275% to 15 units. Overall, exports, however, continue to indicate a abrupt decrease. The exports peaked at 22 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, trailer and semi-trailer exports contracted to $51K in 2022. In general, exports, however, faced a precipitous curtailment. Over the period under review, the exports attained the maximum at $161K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Trailer and Semi-Trailer in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | N/A | N/A | 22.3 | 0% |
New Zealand | 130 | N/A | N/A | 19.2 | -47.1% |
Hong Kong SAR | 14.6 | N/A | N/A | 9.1 | -14.6% |
South Korea | 11.6 | N/A | N/A | N/A | 0% |
China | 4.4 | N/A | N/A | N/A | 0% |
United States | N/A | 99.4 | 59.3 | N/A | -40.3% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 161 | 99.4 | 59.3 | 50.5 | -32.1% |
Top Export Markets for Trailer and Semi-Trailer from the Philippines in 2022:
- Netherlands (7.0 units)
- New Zealand (5.0 units)
- Hong Kong SAR (3.0 units)
This report provides an in-depth analysis of the trailer and semi-trailer 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 29202300 - Other trailers and semi-trailers for the transport of goods
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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In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
The U.S. seized control of the trailer and semi-trailer trade. In 2014, the U.S. exported X thousand units of trailers and semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% o
Discover the leading countries importing trailers and semi-trailers with high import values. Analyze the key statistics and market insights.
Learn about the top import markets for camping trailers, including Canada, Australia, and the Netherlands. Discover key statistics and market insights.
In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
In 2016, the amount of trailer imported worldwide totaled X tons, ascending by X% against the previous year level. In general, trailer imports continue to indicate a relatively flat trend pattern. ...
The U.S. seized control of the trailer and semi-trailer trade. In 2014, the U.S. exported X thousand units of trailers and semi-trailers totaling X billion USD, X% over the previous year. Its primary trading partner was Canada, where it supplied X% o