Philippines - Transmission Shafts And Cranks, Bearing Housings And Plain Shaft Bearings, Gears And Gearing And Articulated Link Chain - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTransmission Shaft Price in the Philippines - 2023
Contents:
- Transmission Shaft Price in the Philippines (CIF) - 2023
- Transmission Shaft Price in the Philippines (FOB) - 2023
- Transmission Shaft Imports in the Philippines
- Transmission Shaft Exports in the Philippines
Transmission Shaft Price in the Philippines (CIF) - 2023
The average transmission shaft import price stood at $15,912 per ton in July 2023, waning by -13.2% against the previous month. In general, import price indicated a temperate expansion from July 2022 to July 2023: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, transmission shaft import price increased by +13.6% against May 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 49% month-to-month. The import price peaked at $18,331 per ton in June 2023, and then declined in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Thailand ($27,417 per ton), while the price for Malaysia ($5,204 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Transmission Shaft Price in the Philippines (FOB) - 2023
In July 2023, the average transmission shaft export price amounted to $24,324 per ton, surging by 4.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices reached the peak figure in July 2023.
Average prices varied noticeably for the major overseas markets. In July 2023, the countries with the highest prices were Indonesia ($28,088 per ton) and the United States ($26,297 per ton), while the average price for exports to Vietnam ($22,498 per ton) and Germany ($23,201 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Transmission Shaft Imports in the Philippines
In 2022, approx. 17K tons of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain were imported into the Philippines; picking up by 4.1% compared with 2021. Over the period under review, imports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 12%.
In value terms, transmission shaft imports rose significantly to $197M in 2022. Overall, imports, however, saw a drastic downturn.
| Import of Transmission Shaft in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 102 | 65.5 | 61.3 | 57.6 | -17.3% |
| China | 36.0 | 23.9 | 28.0 | 47.3 | 9.5% |
| Thailand | 28.1 | 14.8 | 10.1 | 10.8 | -27.3% |
| Taiwan (Chinese) | 3.9 | 5.0 | 6.1 | 10.7 | 40.0% |
| Germany | 12.4 | 15.7 | 7.7 | 10.4 | -5.7% |
| United States | 13.6 | 5.7 | 7.3 | 9.2 | -12.2% |
| Indonesia | 8.1 | 3.8 | 5.5 | 7.0 | -4.7% |
| Singapore | 15.3 | 11.0 | 9.7 | 6.5 | -24.8% |
| South Korea | 7.6 | 4.5 | 5.4 | 5.9 | -8.1% |
| Italy | 3.3 | 2.8 | 3.8 | 5.4 | 17.8% |
| Hong Kong SAR | 8.5 | 4.1 | 5.7 | 5.4 | -14.0% |
| Malaysia | 3.6 | 2.5 | 4.5 | 2.7 | -9.1% |
| Vietnam | 7.6 | 1.3 | 1.2 | 1.0 | -49.1% |
| Others | 32.6 | 21.4 | 16.2 | 16.9 | -19.7% |
| Total | 282 | 182 | 173 | 197 | -11.3% |
Top Suppliers of Transmission Shaft to the Philippines in 2022:
- China (8.5K tons)
- Japan (2.9K tons)
- Thailand (0.9K tons)
- Taiwan (Chinese) (0.8K tons)
- Malaysia (0.8K tons)
- Singapore (0.4K tons)
- Indonesia (0.4K tons)
- United States (0.4K tons)
- South Korea (0.4K tons)
- Germany (0.4K tons)
- Italy (0.3K tons)
- Hong Kong SAR (0.3K tons)
- Vietnam (0.1K tons)
Transmission Shaft Exports in the Philippines
In 2022, exports of transmission shafts and cranks, bearing housings and plain shaft bearings, gears and gearing and articulated link chain from the Philippines soared to 5.1K tons, growing by 18% compared with 2021. Overall, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year.
In value terms, transmission shaft exports expanded notably to $102M in 2022. Over the period under review, total exports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Transmission Shaft in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 25.3 | 19.3 | 28.0 | 22.9 | -3.3% |
| United States | 22.0 | 10.8 | 11.0 | 16.3 | -9.5% |
| Germany | 8.0 | 4.9 | 5.4 | 10.6 | 9.8% |
| Indonesia | 6.6 | 5.7 | 10.9 | 10.5 | 16.7% |
| Mexico | N/A | 0.7 | 14.3 | 10.3 | 283.6% |
| Japan | 22.2 | 6.2 | 9.8 | 8.9 | -26.3% |
| Singapore | 2.2 | 1.5 | 1.0 | 3.6 | 17.8% |
| Italy | N/A | 0.2 | 1.5 | 3.5 | 318.3% |
| Vietnam | 3.1 | 1.0 | 1.8 | 3.5 | 4.1% |
| Denmark | N/A | N/A | N/A | 1.6 | 0% |
| Others | 7.4 | 5.2 | 12.1 | 10.3 | 11.7% |
| Total | 96.7 | 55.4 | 95.9 | 102 | 1.8% |
Top Export Markets for Transmission Shaft from the Philippines in 2022:
- Thailand (1327.5 tons)
- United States (769.5 tons)
- Germany (524.9 tons)
- Indonesia (509.2 tons)
- Mexico (480.3 tons)
- Japan (442.5 tons)
- Vietnam (175.0 tons)
- Singapore (164.9 tons)
- Italy (151.0 tons)
- Denmark (92.8 tons)
This report provides an in-depth analysis of the transmission shaft 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 28152130 - Iron or steel roller chain of a kind used for cycles and motor cycles
- Prodcom 28152150 - Iron or steel roller chain (excluding of a kind used for cycles or motor-cycles)
- Prodcom 28152170 - Iron or steel articulated link chain (excluding roller chain)
- Prodcom 28152230 - Cranks and crankshafts
- Prodcom 28152250 - Cardan shafts
- Prodcom 28152270 - Other shafts
- Prodcom 28152330 - Bearing housings incorporating ball or roller bearings
- Prodcom 28152350 - Bearing housings not incorporating ball or roller bearings, p lain shaft bearings
- Prodcom 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
- Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
- Prodcom 28152434 - Gear boxes ..., worm gear boxes
- Prodcom 28152440 - Other gear boxes
- Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
- Prodcom 28152473 - Ball or roller screws
- Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
- Prodcom 28152500 - Flywheels and pulleys (including pulley blocks)
- Prodcom 28152600 - Clutches and shaft couplings (including universal joints)
- Prodcom 28153930 - Parts of bearing housings
- Prodcom 28153950 - Parts of transmission, cam and crankshafts, cranks, plain shaft bearings, gears, ball/roller screws, gearboxes, torque converters, flywheels, pulleys, clutches, shaft couplings, u niversal joints
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
-
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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In value terms, transmission shafts and cranks imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patter...
848
In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
1156
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
829
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
1311
In value terms, transmission shafts and cranks imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend patter...
848
In value terms, transmission shafts and cranks exports totaled $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some not...
1156
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
829
In 2016, approx. X tons of transmission shaft were imported worldwide- dropping by -X% against the previous year level. Overall, transmission shaft imports continue to indicate a relatively fla...
