Philippines - Vehicles Not Mechanically Propelled - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Propelled Vehicle Price in the Philippines - 2023
Contents:
- Non-Propelled Vehicle Price in the Philippines (CIF) - 2022
- Non-Propelled Vehicle Price in the Philippines (FOB) - 2022
- Non-Propelled Vehicle Imports in the Philippines
- Non-Propelled Vehicle Exports in the Philippines
Non-Propelled Vehicle Price in the Philippines (CIF) - 2022
The average non-propelled vehicle import price stood at $69 per unit in 2022, increasing by 5.8% against the previous year. Over the period under review, the import price enjoyed a prominent increase. The growth pace was the most rapid in 2018 when the average import price increased by 119% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($69 per unit) and China ($69 per unit), while the price for Taiwan (Chinese) ($69 per unit) and Italy ($69 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Propelled Vehicle Price in the Philippines (FOB) - 2022
In 2022, the average non-propelled vehicle export price amounted to $79 per unit, which is down by -2.1% against the previous year. Overall, the export price recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 an increase of 39% against the previous year. The export price peaked at $104 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($79 per unit) and Canada ($79 per unit), while the average price for exports to Thailand ($79 per unit) and South Korea ($79 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Propelled Vehicle Imports in the Philippines
In 2022, supplies from abroad of vehicles not mechanically propelled was finally on the rise to reach 133K units after two years of decline. In general, imports, however, faced a drastic downturn. Over the period under review, imports attained the maximum at 187K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, non-propelled vehicle imports expanded rapidly to $9.2M in 2022. Overall, imports, however, recorded a deep setback. Over the period under review, imports hit record highs at $12M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Non-Propelled Vehicle in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.0 | 5.0 | 6.5 | 6.6 | -9.8% |
Japan | 1.0 | 0.9 | 0.5 | 0.8 | -7.2% |
Malaysia | 0.3 | 0.1 | 0.1 | 0.4 | 10.1% |
Germany | 0.1 | 0.6 | 0.5 | 0.4 | 58.7% |
United States | 0.4 | 1.9 | 0.2 | 0.2 | -20.6% |
Italy | 0.1 | N/A | N/A | 0.1 | 0.0% |
Others | 1.0 | 0.9 | 0.5 | 0.7 | -11.2% |
Total | 11.8 | 9.4 | 8.3 | 9.2 | -8.0% |
Top Suppliers of Non-Propelled Vehicle to the Philippines in 2022:
- China (95.5K units)
- Japan (12.1K units)
- Malaysia (6.4K units)
- Germany (5.0K units)
- United States (2.3K units)
- Italy (2.1K units)
Non-Propelled Vehicle Exports in the Philippines
In 2022, overseas shipments of vehicles not mechanically propelled were finally on the rise to reach 6.6K units for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, non-propelled vehicle exports skyrocketed to $520K in 2022. In general, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Non-Propelled Vehicle in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 3.8 | 25.5 | 0.8 | 236 | 296.0% |
South Korea | N/A | N/A | 1.1 | 89.5 | 8036.4% |
Japan | 153 | 104 | 66.6 | 77.4 | -20.3% |
Canada | 0.1 | N/A | N/A | 34.7 | 602.7% |
Malaysia | N/A | 45.1 | 43.1 | 25.1 | -25.4% |
Brazil | N/A | N/A | N/A | 16.1 | 0% |
Thailand | 259 | N/A | 5.1 | 15.7 | -60.7% |
Papua New Guinea | 81.9 | 0.5 | 41.3 | N/A | -29.0% |
Others | 10.3 | 58.1 | 8.6 | 26.0 | 36.2% |
Total | 508 | 233 | 167 | 520 | 0.8% |
Top Export Markets for Non-Propelled Vehicle from the Philippines in 2022:
- United States (2985.0 units)
- South Korea (1133.0 units)
- Japan (980.0 units)
- Canada (439.0 units)
- Malaysia (318.0 units)
- Brazil (204.0 units)
- Thailand (199.0 units)
This report provides an in-depth analysis of the non-propelled vehicle 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 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys
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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