Philippines: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in the Philippines

In 2022, the Philippine pneumatic linear acting actuator market decreased by X% to $X, falling for the fourth consecutive year after four years of growth. In general, consumption, however, recorded a significant increase. Pneumatic linear acting actuator consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from the Philippines

In 2022, overseas shipments of pneumatic linear acting actuators decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, pneumatic linear acting actuator exports reduced sharply to $X in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Singapore (X units) was the main destination for pneumatic linear acting actuator exports from the Philippines, accounting for a X% share of total exports. It was followed by Germany (X units), with a X% share of total exports. Taiwan (Chinese) (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Singapore stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Singapore ($X) remains the key foreign market for pneumatic linear acting actuators exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price showed a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Japan ($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 more modest paces of growth.

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Imports of Pneumatic Linear Acting Actuators

Imports into the Philippines

In 2022, overseas purchases of pneumatic linear acting actuators decreased by X% to X units, falling for the fourth year in a row after seven years of growth. In general, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, pneumatic linear acting actuator imports contracted rapidly to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest pneumatic linear acting actuator supplier to the Philippines, with a X% share of total imports. Moreover, pneumatic linear acting actuator imports from Japan exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. China (X units) ranked third in terms of total imports with a X% share.

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

In value terms, the largest pneumatic linear acting actuator suppliers to the Philippines were Singapore ($X), Japan ($X) and Germany ($X), with a combined X% share of total imports. China, the United States, Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pneumatic linear acting actuator import price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the import price, however, showed a deep setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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