Philippines: Engine Generator Market 2024

Engine Generator Market Size in the Philippines

The Philippine engine generator market rose modestly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep setback. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Engine Generator Production in the Philippines

In value terms, engine generator production stood at $X in 2022 estimated in export price. In general, production, however, saw a deep reduction. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Engine Generator Exports

Exports from the Philippines

In 2022, shipments abroad of generators for internal combustion engines increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, engine generator exports skyrocketed to $X in 2022. In general, exports posted resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for engine generator exports from the Philippines, accounting for a X% share of total exports. Moreover, engine generator exports to Belgium exceeded the volume sent to the second major destination, Australia (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Hong Kong SAR (X% per year).

In value terms, Belgium ($X) emerged as the key foreign market for generators for internal combustion engines exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The average engine generator export price stood at $X per unit in 2022, approximately mirroring the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then fell slightly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Australia ($X 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 Japan (X%), while the prices for the other major destinations experienced a decline.

Engine Generator Imports

Imports into the Philippines

In 2022, overseas purchases of generators for internal combustion engines increased by X% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports posted a remarkable increase. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, engine generator imports surged to $X in 2022. Overall, imports enjoyed a buoyant expansion. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of engine generator to the Philippines, with a X% share of total imports. Moreover, engine generator imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Japan (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, Thailand ($X) constituted the largest supplier of generators for internal combustion engines to the Philippines, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

Import Prices by Country

The average engine generator import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($X per unit) and Spain ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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