Philippines: Mattocks And Rakes Market 2025

Mattocks And Rakes Market Size in the Philippines

For the third consecutive year, the Philippine mattocks and rakes market recorded decline in sales value, which decreased by -0.6% to $X in 2022. Over the period under review, consumption showed a abrupt downturn. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Mattocks And Rakes Exports

Exports from the Philippines

In 2022, shipments abroad of mattocks, picks, hoes and rakes decreased by -60.4% to X kg, falling for the third consecutive year after four years of growth. Overall, exports continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 1,675% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, mattocks and rakes exports reduced rapidly to $X in 2022. Over the period under review, exports saw a dramatic descent. The pace of growth was the most pronounced in 2018 when exports increased by 1,876% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) and Singapore (X kg) were the main destinations of mattocks and rakes exports from the Philippines.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of -23.0%).

In value terms, the United States ($X) and Singapore ($X) constituted the largest markets for mattocks and rakes exported from the Philippines worldwide.

Singapore, with a CAGR of -20.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2022, the average mattocks and rakes export price amounted to $X per ton, with a decrease of -26.2% against the previous year. In general, the export price, however, posted a slight expansion. The most prominent rate of growth was recorded in 2016 an increase of 123% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Singapore stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+4.2%), while the prices for the other major destinations experienced mixed trend patterns.

Mattocks And Rakes Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded decline in overseas purchases of mattocks, picks, hoes and rakes, which decreased by -4.3% to X tons in 2022. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 157% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, mattocks and rakes imports totaled $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2019 when imports increased by 295% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of mattocks and rakes to the Philippines, accounting for a 60% share of total imports. Moreover, mattocks and rakes imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), fourfold. Singapore (X tons) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-0.0% per year) and Singapore (+5.9% per year).

In value terms, China ($X) constituted the largest supplier of mattocks, picks, hoes and rakes to the Philippines, comprising 60% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by Singapore, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+31.3% per year) and Singapore (+24.5% per year).

Import Prices by Country

In 2022, the average mattocks and rakes import price amounted to $X per ton, rising by 7.4% against the previous year. In general, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 301%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Brazil ($X per ton), while the price for Singapore ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+36.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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