Philippines: Industrial Bakery Machinery Market 2025

Industrial Bakery Machinery Exports

Exports from the Philippines

In 2022, overseas shipments of industrial bakery machinery decreased by -35.8% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 303%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports fell dramatically to $X in 2022. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 300% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units), Vietnam (X units) and India (X units) were the main destinations of industrial bakery machinery exports from the Philippines, with a combined 70% share of total exports. These countries were followed by Bulgaria, China and Pakistan, which together accounted for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bulgaria (with a CAGR of +90.5%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), Vietnam ($X) and India ($X) constituted the largest markets for industrial bakery machinery exported from the Philippines worldwide, with a combined 70% share of total exports.

Australia, with a CAGR of +173.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average industrial bakery machinery export price amounted to $X per unit, with a decrease of -6.2% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 67%. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and India ($X per unit), while the average price for exports to Australia ($X per unit) and Bulgaria ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into the Philippines

In 2022, the amount of industrial bakery machinery imported into the Philippines fell dramatically to X units, shrinking by -43.8% compared with 2021. Overall, imports continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 83%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial bakery machinery imports fell notably to $X in 2022. In general, imports, however, posted temperate growth. The growth pace was the most rapid in 2018 with an increase of 199%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United States (X units), Japan (X units) and China (X units) were the main suppliers of industrial bakery machinery imports to the Philippines, with a combined 69% share of total imports. Taiwan (Chinese), the UK, Italy, France, the Netherlands and Germany lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +37.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and China ($X) were the largest industrial bakery machinery suppliers to the Philippines, together comprising 69% of total imports.

Among the main suppliers, Japan, with a CAGR of +30.2%, 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 2022, the average industrial bakery machinery import price amounted to $X per unit, falling by -5.5% against the previous year. Overall, the import price, however, saw a strong increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 142%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then declined in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Germany ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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