Report Update Nov 1, 2024

Philippines - Forage Harvesters and Other Harvesting Machines - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Forage Harvesters and Other Harvesting Machines 2024

Market Size for Forage Harvesters and Other Harvesting Machines in the Philippines

The Philippine market for forage harvesters and other harvesting machines soared to $X in 2021, increasing by 107% 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, however, faced a precipitous slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Forage Harvesters and Other Harvesting Machines

Exports from the Philippines

In 2020, approx. X units of forage harvesters and other harvesting machines were exported from the Philippines; remaining stable against 2019. Over the period under review, exports recorded significant growth. The smallest decline of 99.9% was in 2019. Over the period under review, the exports of attained the peak figure in 2020 and are likely to see steady growth in years to come.

In value terms, exports of forage harvesters and other harvesting machines skyrocketed to $X in 2020. Overall, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X units) was the main destination for exports of forage harvesters and other harvesting machines from the Philippines, with a approx. 100% share of total exports.

From 2013 to 2020, the average annual growth rate of volume to Uruguay was relatively modest.

From 2013 to 2020, the average annual rate of growth in terms of value to Uruguay was relatively modest.

Export Prices by Country

The average export price for forage harvesters and other harvesting machines stood at $X per unit in 2020, remaining relatively unchanged against the previous year. In general, the export price enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 when the average export price decreased by 99.9%. The export price peaked in 2020 and is likely to continue growth in the immediate term.

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

From 2013 to 2020, the rate of growth in terms of prices for Palau amounted to 0.0% per year.

Imports of Forage Harvesters and Other Harvesting Machines

Imports into the Philippines

In 2021, overseas purchases of forage harvesters and other harvesting machines were finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, saw a sharp descent. The most prominent rate of growth was recorded in 2017 when imports increased by 174% against the previous year. Over the period under review, imports of reached the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, imports of forage harvesters and other harvesting machines surged to $X in 2021. In general, imports, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2017 when imports increased by 128%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Costa Rica (X units) were the main suppliers of imports of forage harvesters and other harvesting machines to the Philippines, together comprising 81% of total imports. Taiwan (Chinese), Turkey, Japan and Canada lagged somewhat behind, together comprising a further 19%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest forage harvesters and other harvesting machines suppliers to the Philippines were China ($X), Thailand ($X) and Costa Rica ($X), together accounting for 82% of total imports. Taiwan (Chinese), Turkey, Japan, Canada and Australia lagged somewhat behind, together accounting for a further 16%.

In terms of the main suppliers, Turkey, with a CAGR of +54.3%, recorded the highest rates of growth with regard to 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 import price for forage harvesters and other harvesting machines amounted to $X per unit, growing by 8.6% against the previous year. Over the period under review, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2018 an increase of 320%. The import price peaked in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Canada ($X per unit) and Australia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+48.5%), 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 forage harvesters and other harvesting machines in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 47% of global consumption. These countries were followed by Russia, Japan, Spain, Brazil, France, the UK, Italy, Germany and South Korea, which together accounted for a further 25%.

What are the largest producers of forage harvesters and other harvesting machines in the world?

China remains the largest forage harvesters and other harvesting machines producing country worldwide, comprising approx. 25% of total volume. Moreover, production of forage harvesters and other harvesting machines in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.5% share.

What are the leading suppliers of forage harvesters and other harvesting machines to the Philippines?

In value terms, the largest forage harvesters and other harvesting machines suppliers to the Philippines were China, Thailand and Costa Rica, together accounting for 82% of total imports. Taiwan Chinese), Turkey, Japan and Canada lagged somewhat behind, together accounting for a further 15%.

What are the leading importers of forage harvesters and other harvesting machines from the Philippines?

In value terms, Thailand remains the key foreign market for forage harvesters and other harvesting machines exports from the Philippines.

What is the average export price for forage harvesters and other harvesting machines in the Philippines?

The average export price for forage harvesters and other harvesting machines stood at $39,814 per unit in 2021, which is down by -4.5% against the previous year.

What is the average import price for forage harvesters and other harvesting machines in the Philippines?

The average import price for forage harvesters and other harvesting machines stood at $41,794 per unit in 2021, increasing by 21% against the previous year.

This report provides an in-depth analysis of the market for forage harvesters and other harvesting machines 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 28305945 - Forage harvesters (excluding self-propelled)
Prodcom 28305960 - Forage harvesters, self-propelled
Prodcom 28305970 - Harvesting machines (excluding combine harvester threshers, root or tuber harvesting machines, forage harvesters)

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