Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines - 2023

Contents:

1. Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines (CIF) - 2022
2. Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines (FOB) - 2022
3. Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines
4. Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines

Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines (CIF) - 2022

In 2022, the average import price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $1,218 per unit, picking up by 9.1% against the previous year. Overall, the import price, however, saw a dramatic contraction. The pace of growth appeared the most rapid in 2020 when the average import price increased by 228% against the previous year. Over the period under review, average import prices hit record highs at $20,700 per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 the United States ($1,751 per unit), while the price for China ($190 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-8.8%), while the prices for the other major suppliers experienced a decline.

Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines (FOB) - 2022

The average export price for casting machines; of a kind used in metallurgy or in metal foundrieses stood at $1,857 per unit in 2022, with a decrease of -81.3% against the previous year. Over the period under review, the export price showed a sharp slump. The pace of growth was the most pronounced in 2014 an increase of 351% against the previous year. Over the period under review, the average export prices attained the maximum at $143,184 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($4,735 per unit), while the average price for exports to China totaled $850 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-7.9%), while the prices for the other major destinations experienced a decline.

Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines

Imports of casting machines; of a kind used in metallurgy or in metal foundrieses into the Philippines surged to 6K units in 2022, with an increase of 109% on 2021 figures. Overall, imports, however, saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 633% against the previous year. Over the period under review, imports of hit record highs at 11K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses soared to $7.3M in 2022. In general, imports enjoyed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 576% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to the Philippines in 2022:

1. China (2.5K units)
2. Japan (1.8K units)
3. United States (1.5K units)
4. Taiwan (Chinese) (0.2K units)

Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in the Philippines

In 2022, approx. 27 units of casting machines; of a kind used in metallurgy or in metal foundrieses were exported from the Philippines; rising by 800% compared with 2021 figures. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of casting machines; of a kind used in metallurgy or in metal foundrieses soared to $50K in 2022. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 366%. As a result, the exports attained the peak of $186K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries from the Philippines in 2022:

1. China (20.0 units)
2. Japan (7.0 units)

Source: IndexBox Market Intelligence Platform