Report Update Nov 1, 2024

Philippines - Machinery for Making or Repairing Articles of Hides, Skins or Leather - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size in the Philippines

In 2022, the Philippine hide repairing machinery market increased by 45% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a abrupt slump. Hide repairing machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Hide Repairing Machinery Exports

Exports from the Philippines

In 2022, exports of machinery for making or repairing articles of hides, skins or leather from the Philippines totaled less than X units, remaining stable against the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The smallest decline of 99.9% was in 2018. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, hide repairing machinery exports skyrocketed to $X in 2022. Overall, exports recorded prominent growth. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Hide Repairing Machinery Imports

Imports into the Philippines

In 2022, supplies from abroad of machinery for making or repairing articles of hides, skins or leather was finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 576% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, hide repairing machinery imports soared to $X in 2022. Overall, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2014 with an increase of 377% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest hide repairing machinery supplier to the Philippines, with a 57% share of total imports. Moreover, hide repairing machinery imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. Japan (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-7.4% per year) and Japan (+8.8% per year).

In value terms, China ($X) constituted the largest supplier of machinery for making or repairing articles of hides, skins or leather to the Philippines, comprising 58% of total imports. The second position in the ranking was held by South Korea ($X), with a 25% share of total imports. It was followed by Germany, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.7% per year) and Germany (+62.2% per year).

Import Prices by Country

The average hide repairing machinery import price stood at $X per unit in 2022, picking up by 7.3% against the previous year. Over the period under review, the import price posted strong growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 90% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+20.8%), 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 machinery for making or repairing articles of hides, skins or leather in the world?

The countries with the highest volumes of hide repairing machinery consumption in 2020 were Taiwan Chinese), Indonesia and Italy, together accounting for 56% of global consumption. Vietnam, Sweden, Hong Kong SAR, Cambodia, Egypt and India lagged somewhat behind, together accounting for a further 25%.

What are the largest producers of machinery for making or repairing articles of hides, skins or leather in the world?

The country with the largest volume of hide repairing machinery production was Taiwan Chinese), comprising approx. 50% of total volume. Moreover, hide repairing machinery production in Taiwan Chinese) exceeded the figures recorded by the second-largest producer, Italy, twofold. Sweden ranked third in terms of total production with an 8.6% share.

What are the leading suppliers of machinery for making or repairing articles of hides, skins or leather to the Philippines?

In value terms, South Korea constituted the largest supplier of hide repairing machinery to the Philippines, comprising 62% of total imports. The second position in the ranking was occupied by China, with a 26% share of total imports.

What is the average export price for machinery for making or repairing articles of hides, skins or leather in the Philippines?

The average hide repairing machinery export price stood at $1,943 per unit in 2020, picking up by 156% against the previous year.

What is the average import price for machinery for making or repairing articles of hides, skins or leather in the Philippines?

The average hide repairing machinery import price stood at $589 per unit in 2020, surging by 99% against the previous year.

This report provides an in-depth analysis of the hide repairing machinery 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 28943070 - Machinery for making/repairing articles of hides, skins or leather, n.e.c.

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