Report Update Nov 1, 2024

Philippines - Concrete Pumps - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Concrete Pump Market 2024

Concrete Pump Market Size in the Philippines

For the third consecutive year, the Philippine concrete pump market recorded decline in sales value, which decreased by -8.9% to $X in 2021. In general, consumption, however, posted strong growth. Concrete pump consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Concrete Pump Exports

Exports from the Philippines

After four years of growth, shipments abroad of concrete pumps decreased by -60% to X units in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 100% against the previous year. The exports peaked at X units in 2020, and then fell sharply in the following year.

In value terms, concrete pump exports shrank significantly to $X in 2021. Overall, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 4,513%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Australia (X units) was the main destination for concrete pump exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Australia stood at +8.0%.

In value terms, Australia ($X) and Hong Kong SAR ($X) were the largest markets for concrete pump exported from the Philippines worldwide.

Australia, with a CAGR of -1.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average concrete pump export price amounted to $X per unit, with an increase of 27% against the previous year. In general, the export price, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,962%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Australia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+164.0%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Pump Imports

Imports into the Philippines

In 2021, imports of concrete pumps into the Philippines reduced markedly to X units, dropping by -31.3% against 2020. Overall, imports, however, showed a prominent expansion. The growth pace was the most rapid in 2018 when imports increased by 84%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, concrete pump imports surged to $X in 2021. Over the period under review, total imports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 63% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of concrete pump to the Philippines, accounting for a 86% share of total imports. Moreover, concrete pump imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +12.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+36.5% per year) and Italy (-6.4% per year).

In value terms, India ($X), China ($X) and Turkey ($X) appeared to be the largest concrete pump suppliers to the Philippines, together accounting for 84% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of +44.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average concrete pump import price stood at $X per unit in 2021, with an increase of 78% against the previous year. Over the period under review, the import price, however, saw a perceptible curtailment. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for concrete pumps in the world?

The countries with the highest volumes of concrete pump consumption in 2021 were Saudi Arabia, China and Italy, with a combined 91% share of global consumption.

What are the largest producers of concrete pumps in the world?

China remains the largest concrete pump producing country worldwide, comprising approx. 76% of total volume. Moreover, concrete pump production in China exceeded the figures recorded by the second-largest producer, Italy, eightfold. The third position in this ranking was occupied by Germany, with a 6.6% share.

What are the leading suppliers of concrete pumps to the Philippines?

In value terms, India, China and Turkey constituted the largest concrete pump suppliers to the Philippines, with a combined 87% share of total imports.

What are the leading importers of concrete pumps from the Philippines?

In value terms, Australia remains the key foreign market for concrete pump exports from the Philippines.

What is the average export price for concrete pumps in the Philippines?

In 2021, the average concrete pump export price amounted to $4,926 per unit, with an increase of 18% against the previous year.

What is the average import price for concrete pumps in the Philippines?

In 2021, the average concrete pump import price amounted to $29,208 per unit, rising by 26% against the previous year.

This report provides an in-depth analysis of the concrete pump 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 28131185 - Concrete pumps

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