Philippines - Machine-Tools For Working Any Material By Removal Of Material - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Machine-Tool for Removing Material in the Philippines - 2023
Contents:
- Price for Machine-Tool for Removing Material in the Philippines (CIF) - 2023
- Price for Machine-Tool for Removing Material in the Philippines (FOB) - 2022
- Imports of Machine-Tool for Removing Material in the Philippines
- Exports of Machine-Tool for Removing Material in the Philippines
Price for Machine-Tool for Removing Material in the Philippines (CIF) - 2023
The average machine-tool for removing material import price stood at $807 per unit in July 2023, shrinking by -16.6% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 874% m-o-m. The import price peaked at $1,232 per unit in March 2023; however, from April 2023 to July 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From July 2022 to July 2023, the rate of growth in terms of prices for Japan amounted to -0.2% per month.
Price for Machine-Tool for Removing Material in the Philippines (FOB) - 2022
In 2022, the average machine-tool for removing material export price amounted to $6,866 per unit, picking up by 94% against the previous year. In general, the export price continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 an increase of 2,965% against the previous year. The export price peaked at $13,438 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($12,284 per unit), while the average price for exports to the United States ($1,366 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 (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Machine-Tool for Removing Material in the Philippines
In 2022, the amount of machine-tools for working any material by removal of material imported into the Philippines surged to 43K units, with an increase of 57% against the previous year. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 173%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, machine-tool for removing material imports soared to $348M in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 when imports increased by 680% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Machine-Tool for Removing Material in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.0 | 10.8 | 173 | 324 | 278.0% |
| Singapore | 1.5 | 0.6 | 4.7 | 9.4 | 84.4% |
| China | 4.0 | 3.6 | 4.3 | 6.0 | 14.5% |
| Taiwan (Chinese) | 1.4 | 0.3 | 0.5 | 0.8 | -17.0% |
| Others | 11.3 | 8.8 | 6.6 | 8.0 | -10.9% |
| Total | 24.3 | 24.2 | 189 | 348 | 142.8% |
Top Suppliers of Machine-Tool for Removing Material to the Philippines in 2022:
- Japan (24.9K units)
- China (14.7K units)
- Singapore (1.8K units)
- Taiwan (Chinese) (0.5K units)
Exports of Machine-Tool for Removing Material in the Philippines
In 2022, overseas shipments of machine-tools for working any material by removal of material decreased by -7% to 748 units, falling for the second consecutive year after two years of growth. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,684% against the previous year. As a result, the exports reached the peak of 5.1K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, machine-tool for removing material exports skyrocketed to $5.1M in 2022. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 384% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Machine-Tool for Removing Material in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 25.2 | 118 | 1,588 | 3,281 | 406.8% |
| Vietnam | 1,129 | 59.2 | 121 | 1,175 | 1.3% |
| Netherlands | N/A | N/A | 410 | 260 | -36.6% |
| China | 5.7 | 135 | 8.9 | 205 | 230.1% |
| United States | 29.9 | 4.0 | 292 | 142 | 68.1% |
| Thailand | N/A | N/A | 189 | N/A | 0% |
| South Korea | 0.2 | 33.0 | 148 | N/A | 2620.3% |
| Germany | N/A | 126 | N/A | N/A | 0% |
| Mexico | N/A | 53.4 | N/A | N/A | 0% |
| Others | 233 | 58.3 | 86.8 | 70.6 | -32.8% |
| Total | 1,423 | 588 | 2,844 | 5,133 | 53.4% |
Top Export Markets for Machine-Tool for Removing Material from the Philippines in 2022:
- Japan (364.0 units)
- Vietnam (161.0 units)
- United States (104.0 units)
- Netherlands (97.0 units)
- China (17.0 units)
This report provides an in-depth analysis of the market for machine-tool for removing material 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 28411110 - Machine-tools for working any material by removal of material, operated by laser or other light or photon beam processes
- Prodcom 28411130 - Machine-tools for working any material by removal of material, operated by ultrasonic processes (excluding machines for the manufacture of semiconductor devices or of electronic integrated circuits)
- Prodcom 28411150 - Machine tools for working any material by removal of material, operated by electro-discharge processes
- Prodcom 28411170 - Machine-tools for working any material by removal of material, operated by electro-chemical, electron-beam, ionicbeam or plasma arc processes
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for machine-tool for removing material in the Philippines.
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This report provides an in-depth analysis of the global market for machine-tool for removing material.
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This report provides an in-depth analysis of the market for machine-tool for removing material in the Philippines.
933
This report provides an in-depth analysis of the global market for machine-tool for removing material.
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