Report Update Nov 1, 2024

Philippines - Personal Weighing Machines - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Personal Weighing Machine Market 2024

Personal Weighing Machine Market Size in the Philippines

In 2022, the Philippine personal weighing machine market increased by 58% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption showed buoyant growth. Personal weighing machine consumption peaked in 2022 and is likely to continue growth in years to come.

Personal Weighing Machine Exports

Exports from the Philippines

Personal weighing machine exports from the Philippines contracted sharply to X units in 2022, which is down by -61.2% compared with the previous year's figure. Over the period under review, exports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 223,950%. As a result, the exports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, personal weighing machine exports dropped remarkably to $X in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 43,198%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for personal weighing machine exports from the Philippines, with a 86% share of total exports. Moreover, personal weighing machine exports to Hong Kong SAR exceeded the volume sent to the second major destination, Guam (X units), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR totaled +125.3%.

In value terms, Hong Kong SAR ($X) remains the key foreign market for personal weighing machines exports from the Philippines, comprising 79% of total exports. The second position in the ranking was held by Guam ($X), with a 6.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Hong Kong SAR stood at +98.3%.

Export Prices by Country

In 2022, the average personal weighing machine export price amounted to $X per unit, with an increase of 56% against the previous year. In general, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 43,478%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Guam amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-12.0%).

Personal Weighing Machine Imports

Imports into the Philippines

In 2022, purchases abroad of personal weighing machines increased by 131% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports continue to indicate a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, personal weighing machine imports reduced notably to $X in 2022. Overall, imports enjoyed buoyant growth. The growth pace was the most rapid in 2016 when imports increased by 87% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main personal weighing machine supplier to the Philippines, accounting for a 94% share of total imports. It was followed by Hong Kong SAR (X units), with a 1.5% share of total imports. The United States (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-9.6% per year) and the United States (-7.5% per year).

In value terms, China ($X) constituted the largest supplier of personal weighing machines to the Philippines, comprising 80% of total imports. The second position in the ranking was taken by the United States ($X), with a 2.6% share of total imports. It was followed by Taiwan (Chinese), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and Taiwan (Chinese) (+0.5% per year).

Import Prices by Country

In 2022, the average personal weighing machine import price amounted to $X per unit, which is down by -69.9% against the previous year. In general, the import price, however, posted a noticeable increase. The pace of growth appeared the most rapid in 2018 an increase of 131% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+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 personal weighing machines in the world?

The countries with the highest volumes of in 2021 were South Africa, China and the United States, together accounting for 59% of global consumption. India, Russia, Indonesia, Germany, Turkey, France, the UK, Japan and Brazil lagged somewhat behind, together comprising a further 24%.

What are the largest producers of personal weighing machines in the world?

The country with the largest volume of personal weighing machine production was China, comprising approx. 85% of total volume. Moreover, personal weighing machine production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. The third position in this ranking was occupied by Indonesia, with a 2.4% share.

What are the leading suppliers of personal weighing machines to the Philippines?

In value terms, China constituted the largest supplier of personal weighing machine to the Philippines, comprising 86% of total imports. The second position in the ranking was occupied by Japan, with a 4.2% share of total imports. It was followed by Singapore, with a 2.9% share.

What are the leading importers of personal weighing machines from the Philippines?

In value terms, Hong Kong SAR remains the key foreign market for personal weighing machine exports from the Philippines, comprising 96% of total exports. The second position in the ranking was occupied by Papua New Guinea $900), with a 3.2% share of total exports.

What is the average export price for personal weighing machines in the Philippines?

The average personal weighing machine export price stood at $6.2 per unit in 2021, reducing by -54.5% against the previous year.

What is the average import price for personal weighing machines in the Philippines?

The average personal weighing machine import price stood at $13 per unit in 2021, growing by 22% against the previous year.

This report provides an in-depth analysis of the personal weighing machine 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 28293200 - Personal weighing machines, including baby scales, h ousehold scales

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