Philippines: Market for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips 2024

Market Size for Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips in the Philippines

The Philippine chain scoops and sliders market rose to $X in 2022, surging by 2.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the immediate term.

Exports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Exports from the Philippines

In 2022, exports of chain scoops, sliders, runners, end pieces and narrow strips from the Philippines declined notably to X tons, shrinking by -30.4% against the year before. Overall, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2019 when exports increased by 1,716% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, chain scoops and sliders exports plummeted to $X in 2022. In general, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 1,780%. The exports peaked at $X in 2021, and then fell dramatically in the following year.

Exports by Country

Austria (X tons), Vietnam (X tons) and India (X tons) were the main destinations of chain scoops and sliders exports from the Philippines, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +90.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Vietnam ($X) and India ($X) constituted the largest markets for chain scoops and sliders exported from the Philippines worldwide, with a combined 90% share of total exports. Japan, Taiwan (Chinese), the United States and Hong Kong SAR lagged somewhat behind, together accounting for a further 9.7%.

Japan, with a CAGR of +74.9%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average chain scoops and sliders export price amounted to $X per ton, declining by -21.1% against the previous year. Overall, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 104% against the previous year. The export price peaked at $X per ton in 2021, and then declined notably in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per ton) and Japan ($X per ton), while the average price for exports to the United States ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+17.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Chain Scoops, Sliders, Runners, End Pieces And Narrow Strips

Imports into the Philippines

In 2022, approx. X tons of chain scoops, sliders, runners, end pieces and narrow strips were imported into the Philippines; increasing by 4.1% on the previous year. Overall, imports enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of 201% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, chain scoops and sliders imports totaled $X in 2022. In general, imports saw a remarkable increase. The growth pace was the most rapid in 2021 with an increase of 230%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest chain scoops and sliders supplier to the Philippines, accounting for a 46% share of total imports. Moreover, chain scoops and sliders imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +39.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-7.1% per year) and Hong Kong SAR (+61.0% per year).

In value terms, China ($X) constituted the largest supplier of chain scoops, sliders, runners, end pieces and narrow strips to the Philippines, comprising 46% of total imports. The second position in the ranking was held by Indonesia ($X), with a 14% share of total imports. It was followed by Hong Kong SAR, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +74.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+1.6% per year) and Hong Kong SAR (+76.5% per year).

Import Prices by Country

In 2022, the average chain scoops and sliders import price amounted to $X per ton, waning by -2.3% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, chain scoops and sliders import price increased by +77.4% against 2017 indices. The pace of growth was the most pronounced in 2019 an increase of 33%. The import price peaked at $X per ton in 2021, and then fell modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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