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Philippines - Wheelchairs - Market Analysis, Forecast, Size, Trends and Insights
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Philippines: Wheelchair Market Overview 2021

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Wheelchair Market Size in the Philippines

The Philippine wheelchair market expanded rapidly to $X in 2020, rising by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when the market value increased by X% year-to-year. Wheelchair consumption peaked in 2020 and is expected to retain growth in the immediate term.

Wheelchair Production in the Philippines

In value terms, wheelchair production surged to $X in 2020 estimated in export prices. In general, production, however, continues to indicate measured growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Wheelchair production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Wheelchair Exports

Exports from the Philippines

Wheelchair exports from the Philippines reduced dramatically to X units in 2020, declining by -X% on the year before. In general, exports showed a deep slump. The growth pace was the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X units in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, wheelchair exports contracted dramatically to $X in 2020. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 with an increase of X% year-to-year. Over the period under review, exports reached the maximum at $X in 2016; however, from 2017 to 2020, exports failed to regain the momentum.

Exports by Country

Germany (X units) was the main destination for wheelchair exports from the Philippines, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to Germany amounted to -X%.

In value terms, Germany ($X) also remains the key foreign market for wheelchair exports from the Philippines.

From 2007 to 2020, the average annual growth rate of value to Germany totaled -X%.

Export Prices by Country

The average wheelchair export price stood at $X per unit in 2020, picking up by X% against the previous year. Overall, the export price enjoyed strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2020, export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2007 to 2020, the rate of growth in terms of prices for Germany amounted to +X% per year.

Wheelchair Imports

Imports into the Philippines

In 2020, the amount of wheelchairs imported into the Philippines contracted to X units, approximately mirroring 2019 figures. Overall, imports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2020, the growth imports remained at a lower figure.

In value terms, wheelchair imports rose sharply to $X in 2020. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2017 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, China (X units) was the main supplier of wheelchair to the Philippines, accounting for a X% share of total imports. Moreover, wheelchair imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume from China amounted to +X%.

In value terms, the largest wheelchair suppliers to the Philippines were China ($X) and South Korea ($X), with a combined X% share of total imports.

Among the main suppliers, South Korea (+X% per year) recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average wheelchair import price stood at $X per unit in 2020, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was South Korea ($X per unit), while the price for China totaled $X per unit.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for wheelchairs in the world?
+
The country with the largest volume of wheelchair consumption was India (16M units), comprising approx. 41% of total volume. Moreover, wheelchair consumption in India exceeded the figures recorded by the second-largest consumer, China (4.1M units), fourfold. The third position in this ranking was occupied by the U.S. (2M units), with a 5.1% share.
What are the largest producers of wheelchairs in the world?
+
The countries with the highest volumes of wheelchair production in 2020 were India (16M units), China (12M units) and Pakistan (802K units), with a combined 69% share of global production.
What are the leading suppliers of wheelchairs to the Philippines?
+
In value terms, the largest wheelchair suppliers to the Philippines were China ($4.3M) and South Korea ($2.3M), with a combined 99% share of total imports.
What are the leading importers of wheelchairs from the Philippines?
+
In value terms, Germany ($9K) remains the key foreign market for wheelchair exports from the Philippines.
What is the average export price for wheelchairs in the Philippines?
+
In 2020, the average wheelchair export price amounted to $606 per unit, picking up by 7.6% against the previous year.
What is the average import price for wheelchairs in the Philippines?
+
The average wheelchair import price stood at $56 per unit in 2020, growing by 7.9% against the previous year.

Product coverage:
• Prodcom 30922030 - Invalid carriages not mechanically propelled
• Prodcom 30922090 - Invalid carriages motorised or mechanically propelled

This report provides an in-depth analysis of the wheelchair 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 2025.


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
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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