Philippines: Market for Non-Domestic Percolators and Equipment For Cooking Or Heating Food 2024

Market Size for Non-Domestic Percolators and Equipment For Cooking Or Heating Food in the Philippines

The Philippine market for non-domestic percolators and equipment for cooking or heating food rose modestly to $X in 2022, surging by 3.5% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +2.2% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Production of Non-Domestic Percolators and Equipment For Cooking Or Heating Food in the Philippines

In value terms, production of non-domestic percolators and equipment for cooking or heating food reduced slightly to $X in 2022 estimated in export price. Overall, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.9% against 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of 54% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Exports from the Philippines

In 2022, shipments abroad of non-domestic percolators and equipment for cooking or heating food was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 152% against the previous year. Over the period under review, the exports of reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of non-domestic percolators and equipment for cooking or heating food soared to $X in 2022. In general, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2016 when exports increased by 183%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

India (X units) was the main destination for exports of non-domestic percolators and equipment for cooking or heating food from the Philippines, accounting for a 35% share of total exports. Moreover, exports of non-domestic percolators and equipment for cooking or heating food to India exceeded the volume sent to the second major destination, Qatar (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India amounted to +47.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+13.8% per year) and Taiwan (Chinese) (+29.7% per year).

In value terms, India ($X) emerged as the key foreign market for non-domestic percolators and equipment for cooking or heating food exports from the Philippines, comprising 40% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Malaysia, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India totaled +46.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+15.4% per year) and Malaysia (+76.7% per year).

Export Prices by Country

The average export price for non-domestic percolators and equipment for cooking or heating food stood at $X per unit in 2022, declining by -16% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 35%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+59.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Domestic Percolators and Equipment For Cooking Or Heating Food

Imports into the Philippines

After three years of decline, purchases abroad of non-domestic percolators and equipment for cooking or heating food increased by 68% to X units in 2022. Overall, imports saw prominent growth. Over the period under review, imports of hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of non-domestic percolators and equipment for cooking or heating food skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Italy (X units) were the main suppliers of imports of non-domestic percolators and equipment for cooking or heating food to the Philippines, together accounting for 69% of total imports. Malaysia, Taiwan (Chinese), Japan, South Korea, Germany and the UK lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +28.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Italy ($X) appeared to be the largest non-domestic percolators and equipment for cooking or heating food suppliers to the Philippines, together comprising 63% of total imports.

Among the main suppliers, China, with a CAGR of +25.9%, saw 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 import price for non-domestic percolators and equipment for cooking or heating food amounted to $X per unit, increasing by 24% against the previous year. Over the period under review, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the average import price increased by 45%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform