Philippines: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in the Philippines

In 2022, the Philippine scrapers excavator market increased by 170% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption recorded a perceptible increase. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Scrapers Excavator Exports

Exports from the Philippines

In 2022, scrapers excavator exports from the Philippines stood at X units, remaining stable against 2021 figures. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of 1,529%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, scrapers excavator exports contracted to $X in 2022. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 2,079%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for scrapers excavator exports from the Philippines, accounting for a 73% share of total exports. Moreover, scrapers excavator exports to the Netherlands exceeded the volume sent to the second major destination, Japan (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-32.4% per year) and the UK (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for scrapers earth moving, excavating, extracting machinery (not self-propelled) exports from the Philippines, comprising 73% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports. It was followed by the UK, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-24.5% per year) and the UK (0.0% per year).

Export Prices by Country

The average scrapers excavator export price stood at $X per unit in 2022, dropping by -13% against the previous year. Overall, the export price, however, posted a significant increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 391% against the previous year. The export price peaked at $X per unit in 2021, and then fell in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the UK ($X per unit) and the Netherlands ($X per unit), while the average price for exports to South Korea ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+49.4%), while the prices for the other major destinations experienced more modest paces of growth.

Scrapers Excavator Imports

Imports into the Philippines

In 2022, supplies from abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) increased by 143% to X units, rising for the second consecutive year after three years of decline. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, scrapers excavator imports surged to $X in 2022. Overall, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of scrapers excavator to the Philippines, with a 60% share of total imports. Moreover, scrapers excavator imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was taken by South Korea (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+26.1% per year) and South Korea (+12.2% per year).

In value terms, China ($X) constituted the largest supplier of scrapers earth moving, excavating, extracting machinery (not self-propelled) to the Philippines, comprising 60% of total imports. The second position in the ranking was taken by India ($X), with a 25% share of total imports. It was followed by South Korea, with a 4.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +29.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+20.5% per year) and South Korea (+35.2% per year).

Import Prices by Country

The average scrapers excavator import price stood at $X per unit in 2022, surging by 22% against the previous year. Overall, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2018 an increase of 238%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+23.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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