Report Update Nov 1, 2024

Philippines - Blades for Construction Equipment - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in the Philippines

After three years of growth, the Philippine construction equipment blade market decreased by -11% to $X in 2022. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Construction Equipment Blade Exports

Exports from the Philippines

In 2022, exports of blades for construction equipment from the Philippines was estimated at X units, approximately mirroring 2021. In general, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 41,800% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, construction equipment blade exports stood at $X in 2022. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 24,435% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for construction equipment blade exports from the Philippines, with a 72% share of total exports. Moreover, construction equipment blade exports to Qatar exceeded the volume sent to the second major destination, China (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+27.7% per year) and the United Arab Emirates (-24.6% per year).

From 2012 to 2022, the average annual growth rate of value to Qatar stood at +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+10.6% per year) and the United Arab Emirates (-39.9% per year).

Export Prices by Country

In 2022, the average construction equipment blade export price amounted to $X per unit, approximately mirroring the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 an increase of 79%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to the United Arab Emirates ($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 Qatar (+1.4%), while the prices for the other major destinations experienced a decline.

Construction Equipment Blade Imports

Imports into the Philippines

In 2022, supplies from abroad of blades for construction equipment decreased by -0.3% to X units for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2020 with an increase of 86%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, construction equipment blade imports contracted to $X in 2022. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2020 when imports increased by 78%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Italy (X units) were the main suppliers of construction equipment blade imports to the Philippines, with a combined 76% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +14.2%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Japan ($X) and Italy ($X) were the largest construction equipment blade suppliers to the Philippines, with a combined 76% share of total imports.

Italy, with a CAGR of +10.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average construction equipment blade import price stood at $X per unit in 2022, shrinking by -8.7% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 an increase of 27% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Italy ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for blades for construction equipment in the world?

The countries with the highest volumes of in 2021 were Mexico, the United States and Indonesia, together comprising 57% of global consumption.

What are the largest producers of blades for construction equipment in the world?

The country with the largest volume of construction equipment blade production was Mexico, comprising approx. 40% of total volume. Moreover, construction equipment blade production in Mexico exceeded the figures recorded by the second-largest producer, the UK, fourfold. The third position in this ranking was occupied by China, with an 8.6% share.

What are the leading suppliers of blades for construction equipment to the Philippines?

In value terms, South Korea, China and Japan appeared to be the largest construction equipment blade suppliers to the Philippines, with a combined 53% share of total imports. Singapore, the United Arab Emirates, Italy and Thailand lagged somewhat behind, together comprising a further 38%.

What are the leading importers of blades for construction equipment from the Philippines?

In value terms, China remains the key foreign market for construction equipment blade exports from the Philippines, comprising 45% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with an 8.4% share of total exports.

What is the average export price for blades for construction equipment in the Philippines?

In 2021, the average construction equipment blade export price amounted to $3.8 per unit, flattening at the previous year.

What is the average import price for blades for construction equipment in the Philippines?

The average construction equipment blade import price stood at $2.4 per unit in 2021, shrinking by -26.4% against the previous year.

This report provides an in-depth analysis of the construction equipment blade 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 2030.

Product coverage:

Prodcom 28922800 - Blades for all types of construction equipment

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