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Philippines - Machines for Treating Metal, Having Individual Functions - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Metal Treating Machine Market 2022

Metal Treating Machine Market Size in the Philippines

The Philippine metal treating machine market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption continues to indicate a remarkable increase. Metal treating machine consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Metal Treating Machine Exports

Exports from the Philippines

In 2021, the amount of machines for treating metal, having individual functions exported from the Philippines reduced markedly to X units, which is down by -X% on the year before. Overall, exports, however, continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted notably in the following year.

In value terms, metal treating machine exports fell sharply to $X in 2021. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped sharply in the following year.

Exports by Country

Japan (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of metal treating machine exports from the Philippines, together comprising X% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for metal treating machine exports from the Philippines, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Taiwan (Chinese) (-X% per year).

Export Prices by Country

In 2021, the average metal treating machine export price amounted to $X per unit, with a decrease of -X% against the previous year. Over the period under review, the export price faced a deep slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, 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.

Metal Treating Machine Imports

Imports into the Philippines

In 2021, after two years of decline, there was significant growth in overseas purchases of machines for treating metal, having individual functions, when their volume increased by X% to X units. In general, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, metal treating machine imports soared to $X in 2021. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), India (X units) and Germany (X units) were the main suppliers of metal treating machine imports to the Philippines, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest metal treating machine suppliers to the Philippines were India ($X), China ($X) and Japan ($X), with a combined X% share of total imports.

Among the main suppliers, India, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average metal treating machine import price amounted to $X per unit, which is down by -X% against the previous year. Overall, the import price saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then declined rapidly in the following year.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year	Historical Period	Forecast Period	Units
2022	2012-2022	2023-2030	US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for machines for treating metal, having individual functions in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 39% share of global consumption. These countries were followed by Indonesia, Japan, Poland, Singapore, Brazil, Mexico, Italy, Canada, Spain and South Korea, which together accounted for a further 37%.

What are the largest producers of machines for treating metal, having individual functions in the world?

The countries with the highest volumes of production in 2021 were China, the United States and India, with a combined 45% share of global production. Italy, Japan, Brazil, Poland, Austria, Canada, Mexico, South Korea, Saudi Arabia and Spain lagged somewhat behind, together comprising a further 41%.

What are the leading suppliers of machines for treating metal, having individual functions to the Philippines?

In value terms, India, China and Japan were the largest metal treating machine suppliers to the Philippines, together comprising 70% of total imports.

What are the leading importers of machines for treating metal, having individual functions from the Philippines?

In value terms, Japan emerged as the key foreign market for metal treating machine exports from the Philippines, comprising 90% of total exports. The second position in the ranking was held by China, with a 7.8% share of total exports.

What is the average export price for machines for treating metal, having individual functions in the Philippines?

The average metal treating machine export price stood at $1,904 per unit in 2021, declining by -50.7% against the previous year.

What is the average import price for machines for treating metal, having individual functions in the Philippines?

In 2021, the average metal treating machine import price amounted to $1,290 per unit, declining by -42.3% against the previous year.

This report provides an in-depth analysis of the metal treating machine 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 28993905 - Machines for treating metal, having individual functions (excluding robots)

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:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. 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

1.1

REPORT DESCRIPTION

1.2

RESEARCH METHODOLOGY AND AI PLATFORM

1.3

DATA-DRIVEN DECISIONS FOR YOUR BUSINESS

1.4

REPORT DESCRIPTION

2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance