Report Update: Apr 1, 2024

Philippines - Machine Tools For Working Metal Without Removing Metal - Market Analysis, Forecast, Size, Trends And Insights

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Price for Machine Tool for Metal in the Philippines - 2023

Price for Machine Tool for Metal in the Philippines (CIF) - 2022

The average machine tool for metal import price stood at $226 per unit in 2022, declining by -6.9% against the previous year. Overall, the import price faced a sharp reduction. The pace of growth was the most pronounced in 2014 an increase of 119%. As a result, import price reached the peak level of $12,648 per unit. From 2015 to 2022, the average import prices remained at a somewhat 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 Japan ($1,610 per unit), while the price for Thailand ($15 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.9%), while the prices for the other major suppliers experienced a decline.

Price for Machine Tool for Metal in the Philippines (FOB) - 2022

The average machine tool for metal export price stood at $913 per unit in 2022, which is down by -20.6% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2018 an increase of 86%. The export price peaked at $2,245 per unit in 2013; however, from 2014 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 ($12,228 per unit), while the average price for exports to Taiwan (Chinese) ($3.5 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 Vietnam (+120.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tool for Metal in the Philippines

In 2022, the amount of machine tools for working metal without removing metal imported into the Philippines fell markedly to 8.5K units, with a decrease of -22.9% compared with the previous year. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 502%. Imports peaked at 13K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, machine tool for metal imports dropped sharply to $1.9M in 2022. In general, imports recorded a significant decrease. The growth pace was the most rapid in 2021 with an increase of 126% against the previous year. Over the period under review, imports reached the maximum at $4.3M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Machine Tool for Metal in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	1,867	285	263	533	-34.2%
China	444	98.3	280	188	-24.9%
Taiwan (Chinese)	521	88.6	155	170	-31.2%
Thailand	152	83.4	112	67.4	-23.7%
Australia	7.0	2.3	14.0	9.4	10.3%
Others	1,318	627	1,849	950	-10.3%
Total	4,308	1,185	2,672	1,918	-23.6%

Top Suppliers of Machine Tool for Metal to the Philippines in 2022:

Thailand (4.4K units)
China (2.7K units)
Taiwan (Chinese) (0.6K units)
Australia (0.3K units)
Japan (0.3K units)

Exports of Machine Tool for Metal in the Philippines

For the fourth year in a row, the Philippines recorded growth in shipments abroad of machine tools for working metal without removing metal, which increased by 35% to 366 units in 2022. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, machine tool for metal exports expanded notably to $334K in 2022. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 123%. As a result, the exports reached the peak of $357K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Machine Tool for Metal in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	1.4	144	150	162	387.3%
Malaysia	48.7	107	110	119	34.7%
South Korea	5.4	9.9	5.1	5.3	-0.6%
Thailand	4.2	7.8	4.1	4.4	1.6%
United Kingdom	1.1	7.6	2.9	1.9	20.0%
Singapore	1.0	1.4	0.6	0.5	-20.6%
Taiwan (Chinese)	0.4	0.6	0.2	0.3	-9.1%
Others	97.5	79.3	39.0	40.8	-25.2%
Total	160	357	312	334	27.8%

Top Export Markets for Machine Tool for Metal from the Philippines in 2022:

South Korea (125.0 units)
Taiwan (Chinese) (95.0 units)
Thailand (63.0 units)
Malaysia (26.0 units)
United Kingdom (22.0 units)
Singapore (15.0 units)
Japan (13.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine tool for metal 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 28413470 - Riveting machines, swaging machines and spinning lathes for working metal, machines for manufacturing flexible tubes of spiral metal strip and electro-magnetic pulse metal forming machines, and other machine tools for working metal without removing metal

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023