Report Update Nov 1, 2024

Philippines - Bodies for Motor Vehicles for the Transporting People - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in the Philippines

In 2022, the Philippine transportation vehicle body market increased by 494% to $X, rising for the second year in a row after two years of decline. Overall, consumption enjoyed a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Transportation Vehicle Body Exports

Exports from the Philippines

Transportation vehicle body exports from the Philippines dropped rapidly to X units in 2022, falling by -98.2% compared with the previous year. Over the period under review, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2014 when exports increased by 641% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, transportation vehicle body exports shrank remarkably to $X in 2022. In general, exports saw a significant curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 810% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Guam (X units) was the main destination for transportation vehicle body exports from the Philippines, with a 75% share of total exports. Moreover, transportation vehicle body exports to Guam exceeded the volume sent to the second major destination, Australia (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guam was relatively modest.

In value terms, the largest markets for transportation vehicle body exported from the Philippines were Australia ($X) and Guam ($X).

In terms of the main countries of destination, Guam, with a CAGR of 0.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average transportation vehicle body export price stood at $X per unit in 2022, increasing by 94% against the previous year. Overall, the export price, however, recorded a slight descent. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Guam amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

Transportation Vehicle Body Imports

Imports into the Philippines

In 2022, overseas purchases of bodies for motor vehicles for the transporting people increased by 320% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, transportation vehicle body imports surged to $X in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X units) constituted the largest supplier of transportation vehicle body to the Philippines, with a 78% share of total imports. Moreover, transportation vehicle body imports from India exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. Thailand (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +46.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.3% per year) and Thailand (+74.3% per year).

In value terms, India ($X) constituted the largest supplier of bodies for motor vehicles for the transporting people to the Philippines, comprising 87% of total imports. The second position in the ranking was taken by Thailand ($X), with an 8.5% share of total imports. It was followed by Japan, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled +62.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+60.2% per year) and Japan (+17.7% per year).

Import Prices by Country

The average transportation vehicle body import price stood at $X per unit in 2022, picking up by 65% against the previous year. Overall, the import price recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 106% against the previous year. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Thailand ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bodies for motor vehicles for the transporting people in the world?

China remains the largest transportation vehicle body consuming country worldwide, comprising approx. 28% of total volume. Moreover, transportation vehicle body consumption in China exceeded the figures recorded by the second-largest consumer, South Africa, fourfold. The United States ranked third in terms of total consumption with a 6.4% share.

What are the largest producers of bodies for motor vehicles for the transporting people in the world?

The country with the largest volume of transportation vehicle body production was China, accounting for 34% of total volume. Moreover, transportation vehicle body production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. India ranked third in terms of total production with a 5.4% share.

What are the leading suppliers of bodies for motor vehicles for the transporting people to the Philippines?

In value terms, Thailand constituted the largest supplier of transportation vehicle body to the Philippines, comprising 73% of total imports. The second position in the ranking was occupied by Japan, with a 24% share of total imports.

What is the average export price for bodies for motor vehicles for the transporting people in the Philippines?

The average transportation vehicle body export price stood at $1.7 per unit in 2021, declining by -99.9% against the previous year.

What is the average import price for bodies for motor vehicles for the transporting people in the Philippines?

In 2021, the average transportation vehicle body import price amounted to $304 per unit, surging by 17% against the previous year.

This report provides an in-depth analysis of the transportation vehicle body 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 29201030 - Bodies for motor cars and other motor vehicles principally designed for the transport of persons (including for golf cars and similar vehicles) (excluding those for transporting . .10 persons)

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