Philippines: Starter Motor Market 2025

Starter Motor Market Size in the Philippines

In 2021, the Philippine starter motor market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a deep reduction. Starter motor consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Starter Motor Production in the Philippines

In value terms, starter motor production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. The growth pace was the most rapid in 2018 when the production volume increased by 22%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Starter Motor Exports

Exports from the Philippines

In 2021, approx. X units of starter motors and dual purpose starter generators were exported from the Philippines; surging by 15% compared with 2020. Overall, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 5,783%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, starter motor exports expanded notably to $X in 2021. Over the period under review, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 4,853%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X units) was the main destination for starter motor exports from the Philippines, with a 99% share of total exports. It was followed by the United States (X units), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Japan stood at -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-59.8% per year) and Thailand (-84.9% per year).

In value terms, Japan ($X) remains the key foreign market for starter motors and dual purpose starter generators exports from the Philippines, comprising 99% of total exports. The second position in the ranking was held by the United States ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Japan totaled -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-61.0% per year) and Thailand (-84.6% per year).

Export Prices by Country

The average starter motor export price stood at $X per unit in 2021, approximately mirroring the previous year. Overall, the export price continues to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 5.3%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the country with the highest price was Thailand ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.4%), while the prices for the other major destinations experienced mixed trend patterns.

Starter Motor Imports

Imports into the Philippines

In 2021, imports of starter motors and dual purpose starter generators into the Philippines reduced to X units, with a decrease of -9.8% against the year before. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +21.3% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 63%. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, starter motor imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a buoyant increase. The growth pace was the most rapid in 2013 when imports increased by 95% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

Singapore (X units), Japan (X units) and the UK (X units) were the main suppliers of starter motor imports to the Philippines, together comprising 49% of total imports. The United States, France, China, the United Arab Emirates, Hong Kong SAR, South Korea, Mexico, Malaysia, Germany and Thailand lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +218.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest starter motor suppliers to the Philippines were Singapore ($X), Japan ($X) and the UK ($X), together comprising 50% of total imports. The United States, France, China, Hong Kong SAR, South Korea, Mexico, Malaysia, Germany, Thailand and the United Arab Emirates lagged somewhat behind, together accounting for a further 43%.

In terms of the main suppliers, Mexico, with a CAGR of +232.7%, recorded 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 2021, the average starter motor import price amounted to $X per unit, surging by 48% against the previous year. In general, the import price enjoyed a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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