Hand Saws Price in the Philippines - 2023
Contents:
- Hand Saws Price in the Philippines (CIF) - 2023
- Hand Saws Price in the Philippines (FOB) - 2023
- Hand Saws Imports in the Philippines
- Hand Saws Exports in the Philippines
Hand Saws Price in the Philippines (CIF) - 2023
In July 2023, the average hand saws import price amounted to $28,458 per ton, shrinking by -10.3% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2023 an increase of 18% against the previous month. As a result, import price attained the peak level of $31,712 per ton, and then reduced in the following month.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Taiwan (Chinese) ($35,381 per ton) and Japan ($34,012 per ton), while the price for Switzerland ($24,386 per ton) and South Korea ($24,819 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Switzerland (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Hand Saws Price in the Philippines (FOB) - 2023
The average hand saws export price stood at $53,428 per ton in July 2023, approximately equating the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in June 2023 an increase of 19% m-o-m. As a result, the export price reached the peak level of $53,535 per ton, leveling off in the following month.
Average prices varied noticeably for the major foreign markets. In July 2023, the highest price was recorded for prices to the United States ($54,441 per ton) and South Korea ($54,441 per ton), while the average price for exports to Japan ($52,703 per ton) and China ($54,441 per ton) were amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Hand Saws Imports in the Philippines
Hand saws imports into the Philippines declined to 354 tons in 2022, dropping by -13.7% against the previous year's figure. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 0.4%.
In value terms, hand saws imports fell to $9.2M in 2022. Overall, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 3.3%.
| Import of Hand Saws in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,708 | 5,915 | 3,984 | 3,461 | -2.3% |
| Japan | 5,063 | 2,036 | 3,370 | 2,577 | -20.2% |
| Germany | 691 | 285 | 266 | 591 | -5.1% |
| Indonesia | 232 | 310 | 294 | 360 | 15.8% |
| Taiwan (Chinese) | 262 | 121 | 204 | 312 | 6.0% |
| United States | 249 | 208 | 360 | 256 | 0.9% |
| Singapore | 490 | 316 | 424 | 252 | -19.9% |
| Israel | 200 | 14.6 | 106 | 223 | 3.7% |
| Switzerland | 441 | 363 | 628 | 200 | -23.2% |
| Italy | 127 | 160 | 212 | 157 | 7.3% |
| South Korea | 1,094 | 179 | 192 | 113 | -53.1% |
| Hong Kong SAR | 446 | 74.6 | 279 | 49.8 | -51.8% |
| Others | 938 | 472 | 484 | 678 | -10.3% |
| Total | 13,943 | 10,456 | 10,804 | 9,228 | -12.9% |
Top Suppliers of Hand Saws to the Philippines in 2022:
- China (146.4 tons)
- Japan (83.5 tons)
- Germany (24.9 tons)
- Indonesia (12.6 tons)
- Taiwan (Chinese) (10.8 tons)
- Switzerland (10.7 tons)
- United States (9.9 tons)
- Singapore (8.9 tons)
- Israel (7.6 tons)
- Italy (5.5 tons)
- South Korea (4.0 tons)
- Hong Kong SAR (1.6 tons)
Hand Saws Exports in the Philippines
In 2022, approx. 188 tons of hand sawses were exported from the Philippines; with a decrease of -43.7% compared with the year before. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. As a result, the exports reached the peak of 334 tons, and then reduced rapidly in the following year.
In value terms, hand saws exports reduced markedly to $5.1M in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of $6.4M, and then shrank notably in the following year.
| Export of Hand Saws in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.2 | 3.6 | 3.4 | 3.0 | -10.6% |
| United States | 0.9 | 0.8 | 1.0 | 0.9 | 0.0% |
| China | 0.7 | 0.6 | 1.6 | 0.9 | 8.7% |
| Romania | N/A | 0.1 | 0.4 | 0.3 | 73.2% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 6.1 | 5.4 | 6.4 | 5.1 | -5.8% |
Top Export Markets for Hand Saws from the Philippines in 2022:
- Japan (101.0 tons)
- China (42.2 tons)
- United States (31.3 tons)
- Romania (12.6 tons)
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