Philippines - Bumpers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBumper Price in the Philippines - 2023
Contents:
- Bumper Price in the Philippines (CIF) - 2022
- Bumper Price in the Philippines (FOB) - 2022
- Bumper Imports in the Philippines
- Bumper Exports in the Philippines
Bumper Price in the Philippines (CIF) - 2022
In 2022, the average bumper import price amounted to $14,947 per ton, with an increase of 50% against the previous year. Over the period under review, the import price saw a buoyant expansion. As a result, import price reached 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 2022, amid the top importers, the country with the highest price was Vietnam ($20,155 per ton), while the price for China ($5,352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+35.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Bumper Price in the Philippines (FOB) - 2022
The average bumper export price stood at $21,006 per ton in 2022, which is down by -9.6% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 50%. Over the period under review, the average export prices hit record highs at $23,240 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hungary ($21,009 per ton) and Japan ($21,006 per ton), while the average price for exports to France ($21,005 per ton) and Australia ($21,005 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bumper Imports in the Philippines
In 2022, the amount of bumpers imported into the Philippines contracted sharply to 2K tons, waning by -32.7% compared with the previous year. Over the period under review, imports saw a slight reduction. The pace of growth appeared the most rapid in 2021 with an increase of 165% against the previous year. As a result, imports attained the peak of 2.9K tons, and then dropped markedly in the following year.
In value terms, bumper imports totaled $29M in 2022. Overall, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 209%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.
Import of Bumper in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 2.5 | 1.9 | 11.0 | 18.1 | 93.5% |
China | 1.6 | 1.8 | 8.5 | 3.5 | 29.8% |
Thailand | 4.1 | 2.1 | 3.2 | 2.5 | -15.2% |
Vietnam | 0.4 | 1.9 | 2.8 | 1.9 | 68.1% |
South Korea | 1.4 | 0.4 | 0.4 | 0.4 | -34.1% |
Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
Others | 2.0 | 1.2 | 2.8 | 2.7 | 10.5% |
Total | 12.2 | 9.3 | 28.9 | 29.2 | 33.8% |
Top Suppliers of Bumper to the Philippines in 2022:
- Japan (897.7 tons)
- China (655.5 tons)
- Thailand (123.2 tons)
- Vietnam (96.1 tons)
- South Korea (31.4 tons)
- Taiwan (Chinese) (19.7 tons)
Bumper Exports in the Philippines
In 2022, overseas shipments of bumpers decreased by -10.3% to 666 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, the exports reached the peak of 915 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, bumper exports plummeted to $14M in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 18% against the previous year.
Export of Bumper in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 6.4 | 4.3 | 6.6 | 4.4 | -11.7% |
United States | 2.4 | 1.9 | 4.3 | 3.9 | 17.6% |
Japan | 1.1 | 6.5 | 2.7 | 2.9 | 38.1% |
Pakistan | 1.2 | 0.9 | 2.1 | 0.8 | -12.6% |
France | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
Thailand | 0.1 | 0.2 | 0.2 | 0.4 | 58.7% |
Australia | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
Others | 0.9 | 0.5 | 0.7 | 0.7 | -8.0% |
Total | 12.5 | 14.7 | 17.3 | 14.0 | 3.8% |
Top Export Markets for Bumper from the Philippines in 2022:
- Indonesia (209.9 tons)
- United States (186.6 tons)
- Japan (137.6 tons)
- Pakistan (38.1 tons)
- France (27.8 tons)
- Thailand (17.0 tons)
- Australia (14.5 tons)
This report provides an in-depth analysis of the bumper 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 29323010 - Bumpers and parts thereof (including plastic bumpers)
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
-
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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