Report Update Nov 1, 2024

Philippines - Numerically Controlled Sharpening Machines for Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Numerically Controlled Sharpening Machines For Working Metal in the Philippines

The Philippine numerically controlled sharpening machine market soared to $X in 2022, increasing by 84% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a significant increase. Numerically controlled sharpening machine consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Numerically Controlled Sharpening Machines For Working Metal

Exports from the Philippines

Numerically controlled sharpening machine exports from the Philippines dropped notably to X units in 2022, falling by -90% against 2021. In general, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 553%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, numerically controlled sharpening machine exports fell sharply to $X in 2022. Overall, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 1,462%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units) was the main destination for numerically controlled sharpening machine exports from the Philippines, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to +7.2%.

In value terms, Thailand ($X) also remains the key foreign market for numerically controlled sharpening machines for working metal exports from the Philippines.

From 2012 to 2022, the average annual growth rate of value to Thailand amounted to +86.2%.

Export Prices by Country

The average numerically controlled sharpening machine export price stood at $X per unit in 2022, with an increase of 12% against the previous year. Overall, the export price posted buoyant growth. The growth pace was the most rapid in 2021 when the average export price increased by 290% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to +73.7% per year.

Imports of Numerically Controlled Sharpening Machines For Working Metal

Imports into the Philippines

In 2022, the amount of numerically controlled sharpening machines for working metal imported into the Philippines skyrocketed to X units, rising by 116% on 2021. Over the period under review, imports showed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 235% against the previous year. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, numerically controlled sharpening machine imports shrank slightly to $X in 2022. In general, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 260% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) were the main suppliers of numerically controlled sharpening machine imports to the Philippines, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +76.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest numerically controlled sharpening machine suppliers to the Philippines were Japan ($X), South Korea ($X) and China ($X), together comprising 79% of total imports. Singapore, Taiwan (Chinese) and the United States lagged somewhat behind, together comprising a further 21%.

Singapore, with a CAGR of +89.9%, saw the highest growth rate of the value of imports, among the main suppliers 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 numerically controlled sharpening machine import price amounted to $X per unit, shrinking by -54.3% against the previous year. Over the period under review, the import price recorded a deep setback. The growth pace was the most rapid in 2014 an increase of 88% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+26.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for numerically controlled sharpening machines for working metal in the world?

China constituted the country with the largest volume of numerically controlled sharpening machine consumption, accounting for 29% of total volume. Moreover, numerically controlled sharpening machine consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with a 6.7% share.

What are the largest producers of numerically controlled sharpening machines for working metal in the world?

The countries with the highest volumes of in 2021 were China, India and the United States, with a combined 40% share of global production. Switzerland, Japan, Taiwan Chinese), Pakistan, Russia, Nigeria, Thailand, Bangladesh, Brazil and Mexico lagged somewhat behind, together accounting for a further 33%.

What are the leading suppliers of numerically controlled sharpening machines for working metal to the Philippines?

In value terms, Singapore constituted the largest supplier of numerically controlled sharpening machine to the Philippines, comprising 54% of total imports. The second position in the ranking was occupied by South Korea, with a 24% share of total imports. It was followed by Japan, with a 7.9% share.

What are the leading importers of numerically controlled sharpening machines for working metal from the Philippines?

In value terms, Japan remains the key foreign market for numerically controlled sharpening machine exports from the Philippines, comprising 93% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 7.1% share of total exports.

What is the average export price for numerically controlled sharpening machines for working metal in the Philippines?

In 2021, the average numerically controlled sharpening machine export price amounted to $618 per unit, rising by 44% against the previous year.

What is the average import price for numerically controlled sharpening machines for working metal in the Philippines?

In 2021, the average numerically controlled sharpening machine import price amounted to $1,932 per unit, rising by 44% against the previous year.

This report provides an in-depth analysis of the market for numerically controlled sharpening machine 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 28412365 - Numerically controlled sharpening (tool or cutter grinding) m achines for working 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