Report Update Nov 1, 2024

Philippines - Fire-Fighting Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Fire-Fighting Vehicle Market 2024

Fire-Fighting Vehicle Market Size in the Philippines

The Philippine fire-fighting vehicle market skyrocketed to $X in 2021, growing by 43% 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). Over the period under review, consumption posted pronounced growth. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Fire-Fighting Vehicle Exports

Exports from the Philippines

In 2021, shipments abroad of fire-fighting vehicles decreased by 0% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2019. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, fire-fighting vehicle exports reached $X in 2021. Over the period under review, exports saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 137% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

China (X units) was the main destination for fire-fighting vehicle exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to China was relatively modest.

In value terms, China ($X) emerged as the key foreign market for fire-fighting vehicles exports from the Philippines.

From 2012 to 2020, the average annual rate of growth in terms of value to China was relatively modest.

Export Prices by Country

In 2020, the average fire-fighting vehicle export price amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price saw a significant increase. The growth pace was the most rapid in 2017 when the average export price increased by 0.4% against the previous year. The export price peaked in 2020 and is likely to see gradual growth in the immediate term.

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

From 2016 to 2020, the rate of growth in terms of prices for Indonesia amounted to 0.0% per year.

Fire-Fighting Vehicle Imports

Imports into the Philippines

In 2021, imports of fire-fighting vehicles into the Philippines surged to X units, jumping by 45% against 2020. Overall, imports recorded a temperate increase. The pace of growth appeared the most rapid in 2015 when imports increased by 264%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, fire-fighting vehicle imports soared to $X in 2021. In general, imports posted strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 925% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

South Korea (X units), China (X units) and Japan (X units) were the main suppliers of fire-fighting vehicle imports to the Philippines, with a combined 95% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +35.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of fire-fighting vehicles to the Philippines, comprising 78% of total imports. The second position in the ranking was taken by the United States ($X), with an 11% share of total imports. It was followed by Japan, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from South Korea stood at +44.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.9% per year) and Japan (+33.9% per year).

Import Prices by Country

The average fire-fighting vehicle import price stood at $X per unit in 2021, with a decrease of -13.1% against the previous year. Over the period under review, the import price, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 409%. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+62.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for fire-fighting vehicles in the world?

The country with the largest volume of fire-fighting vehicle consumption was China, comprising approx. 21% of total volume. Moreover, fire-fighting vehicle consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. The third position in this ranking was occupied by Bosnia and Herzegovina, with a 5.8% share.

What are the largest producers of fire-fighting vehicles in the world?

The countries with the highest volumes of fire-fighting vehicle production in 2020 were Zambia, China and the United States, together comprising 52% of global production.

What are the leading suppliers of fire-fighting vehicles to the Philippines?

In value terms, South Korea constituted the largest supplier of fire-fighting vehicle to the Philippines, comprising 66% of total imports. The second position in the ranking was occupied by the United States, with a 13% share of total imports. It was followed by China, with a 9.6% share.

What is the average export price for fire-fighting vehicles in the Philippines?

In 2020, the average fire-fighting vehicle export price amounted to $211,489 per unit, surging by 137% against the previous year.

What is the average import price for fire-fighting vehicles in the Philippines?

In 2020, the average fire-fighting vehicle import price amounted to $71,759 per unit, with a decrease of -17% against the previous year.

This report provides an in-depth analysis of the fire-fighting vehicle 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 29105930 - Fire-fighting vehicles

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