Philippines: Civil Reaction Engine Market 2025

Civil Reaction Engine Market Size in the Philippines

The Philippine civil reaction engine market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption recorded significant growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Civil Reaction Engine Production in the Philippines

In value terms, civil reaction engine production totaled $X in 2021 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the production volume decreased by 99.9% against the previous year. Civil reaction engine production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Civil Reaction Engine Exports

Exports from the Philippines

In 2019, the amount of civil reaction engines exported from the Philippines amounted to X units, almost unchanged from the previous year's figure. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2014. The exports peaked in 2019 and are likely to continue growth in years to come.

In value terms, civil reaction engine exports totaled $X in 2019. Overall, exports showed a sharp descent. The smallest decline of 99.9% was in 2014. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2019, the exports failed to regain momentum.

Exports by Country

South Korea (X units) was the main destination for civil reaction engine exports from the Philippines, accounting for a approx. 98% share of total exports.

From 2013 to 2019, the average annual growth rate of volume to South Korea was relatively modest.

From 2013 to 2019, the average annual growth rate of value to South Korea was relatively modest.

Export Prices by Country

The average civil reaction engine export price stood at $X per unit in 2019, leveling off at the previous year. Overall, the export price faced a sharp setback. The growth pace was the most rapid in 2014 when the average export price decreased by 99.9%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2019, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Korea.

From 2013 to 2019, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

Civil Reaction Engine Imports

Imports into the Philippines

In 2021, civil reaction engine imports into the Philippines dropped remarkably to X units, falling by -44.8% against 2020 figures. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2016 with an increase of 800% against the previous year. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, civil reaction engine imports soared to $X in 2021. In general, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 240% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Spain (X units) constituted the largest civil reaction engine supplier to the Philippines, accounting for a 34% share of total imports. Moreover, civil reaction engine imports from Spain exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. The third position in this ranking was held by China (X units), with a 6.2% share.

From 2013 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.9% per year) and China (+12.2% per year).

In value terms, the largest civil reaction engine suppliers to the Philippines were Australia ($X), the United States ($X) and Singapore ($X), together comprising 57% of total imports.

In terms of the main suppliers, Australia, with a CAGR of +61.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average civil reaction engine import price amounted to $X per unit, jumping by 362% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+33.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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