Report Update Nov 1, 2024

Philippines - Machine Tools for Working Metal Without Removing Metal - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Machine Tools For Working Metal Without Removing Metal 2024

Market Size for Machine Tools For Working Metal Without Removing Metal in the Philippines

In 2021, the Philippine machine tool for metal market increased by 545% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded significant growth. Machine tool for metal consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Exports of Machine Tools For Working Metal Without Removing Metal

Exports from the Philippines

In 2021, overseas shipments of machine tools for working metal without removing metal increased by 59% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a buoyant increase. The growth pace was the most rapid in 2017 when exports increased by 8,959% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, machine tool for metal exports shrank to $X in 2021. Over the period under review, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 8,110%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X units), Taiwan (Chinese) (X units) and Thailand (X units) were the main destinations of machine tool for metal exports from the Philippines, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +64.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Malaysia ($X) and South Korea ($X) appeared to be the largest markets for machine tool for metal exported from the Philippines worldwide, together accounting for 85% of total exports.

Japan, with a CAGR of +57.9%, saw 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 2021, the average machine tool for metal export price amounted to $X per unit, dropping by -45.2% against the previous year. Overall, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 86%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Vietnam (+120.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Machine Tools For Working Metal Without Removing Metal

Imports into the Philippines

After two years of decline, purchases abroad of machine tools for working metal without removing metal increased by 502% to X units in 2021. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 1,608% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, machine tool for metal imports surged to $X in 2021. Over the period under review, imports saw buoyant growth. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of machine tool for metal imports to the Philippines, with a combined 91% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +122.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest machine tool for metal suppliers to the Philippines, together accounting for 26% of total imports.

Japan, with a CAGR of +5.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average machine tool for metal import price stood at $X per unit in 2021, reducing by -62.6% against the previous year. Overall, the import price saw a sharp curtailment. The pace of growth appeared the most rapid in 2014 an increase of 119% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-10.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for machine tools for working metal without removing metal in the world?

The countries with the highest volumes of machine tool for metal consumption in 2020 were the United States, Taiwan Chinese) and Nigeria, with a combined 43% share of global consumption.

What are the largest producers of machine tools for working metal without removing metal in the world?

The countries with the highest volumes of machine tool for metal production in 2020 were the United States, Taiwan Chinese) and Germany, together accounting for 65% of global production. These countries were followed by Japan, Switzerland, Italy and Denmark, which together accounted for a further 27%.

What are the leading suppliers of machine tools for working metal without removing metal to the Philippines?

In value terms, Japan constituted the largest supplier of machine tool for metal to the Philippines, comprising 51% of total imports. The second position in the ranking was occupied by China, with an 18% share of total imports. It was followed by Taiwan Chinese), with a 16% share.

What are the leading importers of machine tools for working metal without removing metal from the Philippines?

In value terms, Japan remains the key foreign market for machine tool for metal exports from the Philippines, comprising 96% of total exports. The second position in the ranking was occupied by the UK, with a 2.6% share of total exports.

What is the average export price for machine tools for working metal without removing metal in the Philippines?

The average machine tool for metal export price stood at $162 per unit in 2020, with a decrease of -88% against the previous year.

What is the average import price for machine tools for working metal without removing metal in the Philippines?

The average machine tool for metal import price stood at $465 per unit in 2020, with an increase of 2.8% against the previous year.

This report provides an in-depth analysis of the market for machine tool for metal 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 28413470 - Riveting machines, swaging machines and spinning lathes for working metal, machines for manufacturing flexible tubes of spiral metal strip and electro-magnetic pulse metal forming machines, and other machine tools for working metal without removing metal

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