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Report Philippines - Draw-Benches for Bars, Tubes, Profiles, Wire or the Like - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

Philippines - Draw-Benches for Bars, Tubes, Profiles, Wire or the Like - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Bar Draw-Bench Market 2025

Bar Draw-Bench Market Size in the Philippines

In 2021, the Philippine bar draw-bench market decreased by -72.7% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, posted prominent growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Bar Draw-Bench Exports

Exports from the Philippines

In 2021, shipments abroad of draw-benches for bars, tubes, profiles, wire or the like decreased by -83.3% to X units, falling for the fourth consecutive year after four years of growth. In general, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2017 with an increase of 200%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bar draw-bench exports reduced rapidly to $X in 2021. Over the period under review, exports saw a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by 227%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for bar draw-bench exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Hong Kong SAR was relatively modest.

In value terms, Singapore ($X) remains the key foreign market for draw-benches for bars, tubes, profiles, wire or the like exports from the Philippines, comprising 96% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 3.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -25.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (0.0% per year) and India (-44.6% per year).

Export Prices by Country

The average bar draw-bench export price stood at $X per unit in 2021, which is down by -45.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2015 an increase of 72% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+12.1%), while the prices for the other major destinations experienced a decline.

Bar Draw-Bench Imports

Imports into the Philippines

In 2021, purchases abroad of draw-benches for bars, tubes, profiles, wire or the like decreased by -64.4% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 546% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bar draw-bench imports dropped rapidly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 275% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then dropped markedly in the following year.

Imports by Country

Germany (X units), Japan (X units) and China (X units) were the main suppliers of bar draw-bench imports to the Philippines, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of draw-benches for bars, tubes, profiles, wire or the like to the Philippines, comprising 40% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.8% per year) and China (+4.8% per year).

Import Prices by Country

The average bar draw-bench import price stood at $X per unit in 2021, with a decrease of -46.3% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 124% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of bar draw-bench consumption in 2020 were Italy, China and Germany, with a combined 60% share of global consumption. Taiwan Chinese), Thailand, Japan, Indonesia, Vietnam and Austria lagged somewhat behind, together comprising a further 18%.
The countries with the highest volumes of bar draw-bench production in 2020 were Italy, Germany and China, with a combined 80% share of global production.
In value terms, Germany constituted the largest supplier of bar draw-bench to the Philippines, comprising 50% of total imports. The second position in the ranking was occupied by China, with a 5.4% share of total imports. It was followed by Japan, with a 4.3% share.
In value terms, Singapore remains the key foreign market for bar draw-bench exports from the Philippines, comprising 100% of total exports. The second position in the ranking was occupied by Indonesia $22), with a 0% share of total exports.
In 2020, the average bar draw-bench export price amounted to $12,426 per unit, falling by -40.3% against the previous year.
The average bar draw-bench import price stood at $12,388 per unit in 2020, rising by 57% against the previous year.

This report provides an in-depth analysis of the bar draw-bench 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 28413410 - Draw-benches for bars, tubes, profiles, wire or the like of metal, sintered metal carbides or cermets

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption In 2012-2024
    5. Imports, In Physical Terms, By Country, 2012–2024
    6. Imports, In Value Terms, By Country, 2012–2024
    7. Import Prices, By Country Of Origin, 2012–2024
    8. Exports, In Physical Terms, By Country, 2012–2024
    9. Exports, In Value Terms, By Country, 2012–2024
    10. Export Prices, By Country Of Destination, 2012–2024

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
    5. Trade Balance, In Physical Terms, 2012-2024
    6. Trade Balance, In Value Terms, 2012-2024
    7. Per Capita Consumption, 2012-2024
    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, 2012–2024
    22. Production, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, 2012–2024
    24. Imports, In Value Terms, 2012–2024
    25. Imports, In Physical Terms, By Country, 2024
    26. Imports, In Physical Terms, By Country, 2012–2024
    27. Imports, In Value Terms, By Country, 2012–2024
    28. Import Prices, By Country Of Origin, 2012–2024
    29. Exports, In Physical Terms, 2012–2024
    30. Exports, In Value Terms, 2012–2024
    31. Exports, In Physical Terms, By Country, 2024
    32. Exports, In Physical Terms, By Country, 2012–2024
    33. Exports, In Value Terms, By Country, 2012–2024
    34. Export Prices, By Country Of Destination, 2012–2024

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