Philippines - Non-Electric Furnaces And Ovens For The Roasting Or Melting - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electric Roasting Furnace Price in the Philippines - 2023
Contents:
- Non-Electric Roasting Furnace Price in the Philippines (CIF) - 2022
- Non-Electric Roasting Furnace Price in the Philippines (FOB) - 2022
- Non-Electric Roasting Furnace Imports in the Philippines
- Non-Electric Roasting Furnace Exports in the Philippines
Non-Electric Roasting Furnace Price in the Philippines (CIF) - 2022
The average non-electric roasting furnace import price stood at $114 per unit in 2022, shrinking by -81.6% against the previous year. In general, the import price faced a precipitous decline. The pace of growth was the most pronounced in 2013 when the average import price increased by 400%. As a result, import price attained the peak level of $9,057 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
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 Malaysia ($1,443 per unit), while the price for China ($234 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-5.1%), while the prices for the other major suppliers experienced a decline.
Non-Electric Roasting Furnace Price in the Philippines (FOB) - 2022
In 2022, the average non-electric roasting furnace export price amounted to $291 per unit, approximately reflecting the previous year. In general, the export price faced a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs at $7,169 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,954 per unit), while the average price for exports to South Korea amounted to $464 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.
Non-Electric Roasting Furnace Imports in the Philippines
In 2022, imports of non-electric furnaces and ovens for the roasting or melting into the Philippines skyrocketed to 21K units, picking up by 359% against the year before. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-electric roasting furnace imports contracted remarkably to $2.4M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at $2.8M in 2021, and then reduced markedly in the following year.
Import of Non-Electric Roasting Furnace in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 19.0 | 15.0 | 1,046 | 1,306 | 309.6% |
Japan | 209 | 13.1 | 90.5 | 236 | 4.1% |
Malaysia | 3.5 | 1.6 | 1.4 | 188 | 277.3% |
China | 353 | 120 | 51.1 | 126 | -29.1% |
South Korea | 395 | 3.2 | 0.1 | 10.6 | -70.1% |
Taiwan (Chinese) | 140 | 73.8 | 1.5 | N/A | -89.6% |
Others | 314 | 2,033 | 1,602 | 496 | 16.5% |
Total | 1,435 | 2,260 | 2,792 | 2,362 | 18.1% |
Top Suppliers of Non-Electric Roasting Furnace to the Philippines in 2022:
- South Korea (undefinedK units)
- Italy (5.3K units)
- China (0.5K units)
- Japan (0.2K units)
- Malaysia (0.1K units)
Non-Electric Roasting Furnace Exports in the Philippines
After two years of decline, overseas shipments of non-electric furnaces and ovens for the roasting or melting decreased by 0% to 15 units in 2022. Over the period under review, exports showed a dramatic setback. The smallest decline of 99.9% was in 2020. The exports peaked at 40 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, non-electric roasting furnace exports contracted rapidly to $4.4K in 2022. Overall, exports faced a sharp reduction. Over the period under review, the exports hit record highs at $287K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Non-Electric Roasting Furnace in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 9.4 | 0.2 | 3.4 | 3.9 | -25.4% |
South Korea | N/A | N/A | N/A | 0.5 | 0% |
Spain | 208 | N/A | N/A | N/A | 0% |
Japan | 13.0 | 0.2 | 2.9 | N/A | -52.8% |
United States | 28.6 | N/A | N/A | N/A | 0% |
Taiwan (Chinese) | 0.2 | N/A | 0.4 | N/A | 41.4% |
Palau | N/A | N/A | N/A | N/A | 0% |
Australia | 2.4 | N/A | N/A | N/A | 0% |
Others | 24.9 | -0.4 | N/A | N/A | -101.6% |
Total | 287 | N/A | 6.7 | 4.4 | -75.2% |
Top Export Markets for Non-Electric Roasting Furnace from the Philippines in 2022:
- Vietnam (2.0 units)
- South Korea (1.0 units)
This report provides an in-depth analysis of the non-electric roasting furnace 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 28211230 - Non-electric furnaces and ovens for the roasting, melting or other heat-treatment of ores, pyrites or of metals
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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