Philippines - Machine-Tools for Working Wood - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPhilippines: Market for Machine-Tools For Working Wood 2024
Market Size for Machine-Tools For Working Wood in the Philippines
For the third consecutive year, the Philippine machine-tool for working wood market recorded growth in sales value, which increased by X% to $X in 2023. In general, consumption saw a significant expansion. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in years to come.
Exports of Machine-Tools For Working Wood
Exports from the Philippines
In 2023, overseas shipments of machine-tools for working wood increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.
In value terms, machine-tool for working wood exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2023, the growth of the exports remained at a lower figure.
Exports by Country
Vietnam (X units) was the main destination for machine-tool for working wood exports from the Philippines, accounting for a X% share of total exports. Moreover, machine-tool for working wood exports to Vietnam exceeded the volume sent to the second major destination, Malaysia (X units), eightfold. Japan (X units) ranked third in terms of total exports with a X% share.
From 2012 to 2023, the average annual rate of growth in terms of volume to Vietnam stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Japan (X% per year).
In value terms, Vietnam ($X) emerged as the key foreign market for machine-tools for working wood exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an X% share of total exports. It was followed by Indonesia, with a X% share.
From 2012 to 2023, the average annual growth rate of value to Vietnam totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).
Export Prices by Country
In 2023, the average machine-tool for working wood export price amounted to $X per unit, surging by X% against the previous year. Overall, the export price continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, the average export prices reached the peak figure in 2023 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to South Korea ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machine-Tools For Working Wood
Imports into the Philippines
For the third year in a row, the Philippines recorded growth in supplies from abroad of machine-tools for working wood, which increased by X% to X units in 2023. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2023 and are expected to retain growth in the near future.
In value terms, machine-tool for working wood imports shrank markedly to $X in 2023. In general, imports showed measured growth. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.
Imports by Country
China (X units), Taiwan (Chinese) (X units) and Japan (X units) were the main suppliers of machine-tool for working wood imports to the Philippines, with a combined X% share of total imports. South Korea and the United States lagged somewhat behind, together accounting for a further X%.
From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($X), Japan ($X) and Taiwan (Chinese) ($X) were the largest machine-tool for working wood suppliers to the Philippines, with a combined X% share of total imports. South Korea and the United States lagged somewhat behind, together accounting for a further X%.
Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2023, the average machine-tool for working wood import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price faced a significant decline. The pace of growth was the most pronounced in 2020 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for machine-tool for working wood 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 28491210 - Multi-purpose machines where the workpiece is manually transferred between operations, for working wood, cork, b one, hard rubber, hard plastics or similar hard materials
- Prodcom 28491220 - Multi-purpose machines where the workpiece is automatically transferred between operations for working wood, cork, bone, h ard rubber, hard plastics or similar hard materials
- Prodcom 28491233 - Band saws for working wood, cork, bone and hard rubber, h ard plastics or similar hard materials
- Prodcom 28491235 - Circular saws for working wood, cork, bone, hard rubber, hard plastics or similar hard materials
- Prodcom 28491237 - Sawing machines for working wood, cork, bone, hard rubber, h ard plastics or similar hard materials (excluding band saws, c ircular saws)
- Prodcom 28491250 - Planing, milling or moulding (by cutting) machines for working wood, cork, bone, hard rubber, hard plastics or similar hard materials
- Prodcom 28491263 - Grinding, sanding or polishing machines for working wood, c ork, bone, hard rubber, hard plastics or similar hard materials
- Prodcom 28491265 - Bending or assembling machines for working wood, cork, b one, hard rubber, hard plastics or similar hard materials
- Prodcom 28491267 - Drilling or morticing machines for working wood, cork, bone, h ard rubber, hard plastics or similar hard materials
- Prodcom 28491275 - Splitting, slicing or paring machines for working wood, cork, b one, hard rubber, hard plastics or similar hard materials
- Prodcom 28491279 - Machine tools for working wood, cork, bone, hard rubber, h ard plastics or similar hard materials, n.e.c.
- Prodcom 28491287 - Presses for the manufacture of particle board or fibre building board of wood or other ligneous materials, and other machines with individual functions for treating wood or cork
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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