Weaving Machines (Looms) Price in the Philippines - 2023
Contents:
- Weaving Machines (Looms) Price in the Philippines (CIF) - 2022
- Weaving Machines (Looms) Price in the Philippines (FOB) - 2022
- Weaving Machines (Looms) Imports in the Philippines
- Weaving Machines (Looms) Exports in the Philippines
Weaving Machines (Looms) Price in the Philippines (CIF) - 2022
In 2022, the average weaving machines (looms) import price amounted to $2,237 per unit, rising by 16% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 74%. Over the period under review, average import prices reached the maximum at $6,326 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Switzerland ($8,915 per unit), while the price for the United States ($594 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Weaving Machines (Looms) Price in the Philippines (FOB) - 2022
The average weaving machines (looms) export price stood at $28,500 per unit in 2022, with an increase of 3,694% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for India.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +50.0% per year.
Weaving Machines (Looms) Imports in the Philippines
In 2022, imports of weaving machines (looms)s into the Philippines fell notably to 792 units, with a decrease of -26.5% against the previous year's figure. In general, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at 1.8K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, weaving machines (looms) imports fell to $1.8M in 2022. Over the period under review, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 31%. Over the period under review, imports hit record highs at $3.7M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Weaving Machines (Looms) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 26.2 | 158 | 259 | 455 | 159.0% |
| Germany | 55.2 | 17.0 | 140 | 357 | 86.3% |
| Malaysia | 56.8 | 36.1 | 84.4 | 244 | 62.6% |
| China | 2,412 | 643 | 692 | 162 | -59.4% |
| Japan | 51.6 | 14.6 | 51.6 | 120 | 32.5% |
| United States | 26.1 | 24.5 | 62.1 | 99.3 | 56.1% |
| Taiwan (Chinese) | 8.5 | 33.1 | 11.6 | 11.3 | 10.0% |
| United Kingdom | 98.6 | 30.1 | 0.3 | N/A | -94.5% |
| India | 392 | 231 | 272 | N/A | -16.7% |
| Indonesia | 57.6 | 34.9 | 30.1 | N/A | -27.7% |
| United Arab Emirates | 156 | 66.9 | 79.2 | N/A | -28.7% |
| Others | 380 | 290 | 392 | 324 | -5.2% |
| Total | 3,720 | 1,579 | 2,075 | 1,772 | -21.9% |
Top Suppliers of Weaving Machines (Looms) to the Philippines in 2022:
- Malaysia (286.0 units)
- United States (167.0 units)
- Germany (116.0 units)
- China (73.0 units)
- Switzerland (51.0 units)
- Japan (34.0 units)
- Taiwan (Chinese) (19.0 units)
Weaving Machines (Looms) Exports in the Philippines
In 2022, exports of weaving machines (looms)s from the Philippines surged to 6 units, picking up by 50% compared with the previous year. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, weaving machines (looms) exports soared to $171K in 2022. In general, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Weaving Machines (Looms) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 5.5 | 4.4 | 2.5 | 171 | 214.4% |
| Hong Kong SAR | 0.8 | 0.4 | 0.1 | N/A | -64.6% |
| Indonesia | N/A | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 1.2 | 0.8 | 0.3 | N/A | -50.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.5 | 5.5 | 3.0 | 171 | 183.6% |
Top Export Markets for Weaving Machines (Looms) from the Philippines in 2022:
- India (6.0 units)
308
This report provides an in-depth analysis of the weaving machine market in the Philippines.
407
This report provides an in-depth analysis of the market for textile weaving and knitting machinery in the Philippines.
347
Global Weaving Machine Market Report 2018. This report provides an in-depth analysis of the global weaving machine market.
1133
This report provides an in-depth analysis of the global market for textile weaving and knitting machinery.
308
This report provides an in-depth analysis of the weaving machine market in the Philippines.
347
Global Weaving Machine Market Report 2018. This report provides an in-depth analysis of the global weaving machine market.
1099
In value terms, weaving machines imports totaled $X in 2016. Overall, weaving machines imports continue to indicate a measured descent. Over the period under review, global weaving machines imports...
651
In value terms, machinery for manufacture and finishing felt imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the t...
647
In value terms, machinery for washing imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; the trend pattern indicated ...
956
In value terms, machinery for preparing, tanning and working hides imports stood at $X in 2016. Overall, it indicated a remarkable expansion from 2007 to 2016: the total imports value increased at ...
692
In value terms, office machines imports totaled $X in 2016. In general, office machines imports continue to indicate a slight deduction. In that year, global office machines imports attained its ma...
759
In value terms, weaving machines exports stood at $X in 2016. In general, weaving machines exports continue to indicate a slight descent. Over the period under review, global weaving machines expor...
558
In value terms, machinery for manufacture and finishing felt exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; h...
673
In value terms, machinery for washing exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some n...
637
In value terms, machinery for preparing, tanning and working hides exports stood at $X in 2016. Overall, it indicated a moderate expansion from 2007 to 2016: the total exports value increased at an a...
643
In value terms, office machines exports amounted to $X in 2016. In general, office machines exports continue to indicate a mild descent. In that year, global office machines exports reached its max...
