Report Update Nov 1, 2024

Philippines - Self-Propelled Boring or Sinking Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in the Philippines

The Philippine self-propelled boring machinery market fell rapidly to $X in 2022, shrinking by -44.6% 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, however, saw a temperate expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank sharply in the following year.

Self-Propelled Boring Machinery Exports

Exports from the Philippines

In 2022, overseas shipments of self-propelled boring or sinking machinery decreased by -80% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 167%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, self-propelled boring machinery exports dropped notably to $X in 2022. Overall, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 15,561%. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Malaysia (X units) was the main destination for self-propelled boring machinery exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Malaysia was relatively modest.

In value terms, Malaysia ($X) emerged as the key foreign market for self-propelled boring or sinking machinery exports from the Philippines.

From 2012 to 2022, the average annual rate of growth in terms of value to Malaysia totaled -5.7%.

Export Prices by Country

The average self-propelled boring machinery export price stood at $X per unit in 2022, dropping by -85.5% against the previous year. Overall, the export price showed a noticeable descent. The pace of growth was the most pronounced in 2016 when the average export price increased by 7,730%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then reduced rapidly in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +736.6% per year.

Self-Propelled Boring Machinery Imports

Imports into the Philippines

In 2022, the amount of self-propelled boring or sinking machinery imported into the Philippines reduced notably to X units, with a decrease of -48% against the year before. In general, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 230% against the previous year. Imports peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, self-propelled boring machinery imports shrank rapidly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 105%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of self-propelled boring machinery to the Philippines, with a 69% share of total imports. Moreover, self-propelled boring machinery imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. Japan (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +22.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+37.7% per year) and Japan (+1.3% per year).

In value terms, the largest self-propelled boring machinery suppliers to the Philippines were China ($X), South Korea ($X) and Italy ($X), with a combined 65% share of total imports.

South Korea, with a CAGR of +49.9%, recorded the highest growth rate of the value of imports, in terms of 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 self-propelled boring machinery import price amounted to $X per unit, picking up by 21% against the previous year. Overall, the import price, however, showed a noticeable setback. The growth pace was the most rapid in 2019 when the average import price increased by 49% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+295.5%), 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 self-propelled boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were India, China and the United States, with a combined 34% share of global consumption. Syrian Arab Republic, Togo, Australia, Egypt, Indonesia, South Africa, Iran, Japan and Canada lagged somewhat behind, together comprising a further 32%.

What are the largest producers of self-propelled boring or sinking machinery in the world?

The countries with the highest volumes of in 2021 were Italy, Germany and China, together comprising 45% of global production. Sweden, Finland, Austria, the United States, France, Indonesia, Japan and the Netherlands lagged somewhat behind, together comprising a further 44%.

What are the leading suppliers of self-propelled boring or sinking machinery to the Philippines?

In value terms, the largest self-propelled boring machinery suppliers to the Philippines were China, Japan and Finland, together comprising 67% of total imports. Italy, Germany, South Korea, the UK, Singapore and Thailand lagged somewhat behind, together comprising a further 18%.

What is the average export price for self-propelled boring or sinking machinery in the Philippines?

In 2021, the average self-propelled boring machinery export price amounted to $700,709 per unit, picking up by 223% against the previous year.

What is the average import price for self-propelled boring or sinking machinery in the Philippines?

In 2021, the average self-propelled boring machinery import price amounted to $110,497 per unit, declining by -1.6% against the previous year.

This report provides an in-depth analysis of the self-propelled boring machinery 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 28921253 - Self-propelled boring or sinking machinery

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