Philippines - In-Hand Motor Grinders, Sanders And Planers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines - 2024
Contents:
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines (CIF) - 2022
- Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines (FOB) - 2022
- Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines
- Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines (CIF) - 2022
The average import price for in-hand motor grinders, sanders and planers stood at $21 per unit in 2022, which is down by -35.7% against the previous year. In general, the import price, however, saw a modest expansion. The pace of growth was the most pronounced in 2018 an increase of 103%. The import price peaked at $74 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($147 per unit), while the price for China ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+21.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines (FOB) - 2022
In 2022, the average export price for in-hand motor grinders, sanders and planers amounted to $41 per unit, jumping by 33% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2018 an increase of 682% against the previous year. As a result, the export price reached the peak level of $133 per unit. From 2019 to 2022, the average export prices remained at a 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 China ($259 per unit), while the average price for exports to Thailand ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+65.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines
In 2022, the amount of in-hand motor grinders, sanders and planers imported into the Philippines expanded rapidly to 889K units, growing by 14% on the previous year. In general, imports showed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 101%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of in-hand motor grinders, sanders and planers plummeted to $19M in 2022. Overall, imports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 with an increase of 34%. Imports peaked at $31M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.9 | 9.4 | 17.9 | 12.3 | -13.3% |
| Japan | 5.1 | 5.0 | 2.5 | 2.0 | -26.8% |
| Thailand | 1.7 | 2.2 | 1.9 | 1.5 | -4.1% |
| Others | 5.4 | 2.6 | 3.4 | 3.1 | -16.9% |
| Total | 31.2 | 19.2 | 25.7 | 18.9 | -15.4% |
Top Suppliers of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor to the Philippines in 2022:
- China (808.4K units)
- Thailand (32.3K units)
- Japan (13.7K units)
Exports of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines
In 2022, the amount of in-hand motor grinders, sanders and planers exported from the Philippines fell sharply to 1.5K units, reducing by -36.5% against 2021 figures. Overall, exports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 270%. Over the period under review, the exports of hit record highs at 4.9K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of in-hand motor grinders, sanders and planers reduced dramatically to $60K in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The smallest decline of -13.4% was in 2021. Over the period under review, the exports of reached the peak figure at $310K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 4.6 | 22.6 | 19.4 | 106.6% |
| India | N/A | N/A | 30.9 | 14.9 | -51.8% |
| Singapore | N/A | 0.9 | 5.0 | 3.3 | 91.5% |
| Thailand | 1.0 | N/A | 0.2 | 1.1 | 3.2% |
| Indonesia | N/A | 0.7 | 6.4 | 1.0 | 19.5% |
| Papua New Guinea | N/A | 3.0 | N/A | 0.4 | -63.5% |
| United States | 71.7 | 2.9 | N/A | 0.1 | -88.8% |
| Hong Kong SAR | 42.7 | N/A | N/A | N/A | 0% |
| Malaysia | 0.1 | 54.7 | N/A | N/A | 54600.0% |
| Italy | 101 | N/A | N/A | N/A | 0% |
| Others | 90.5 | 14.6 | 5.3 | 19.3 | -40.3% |
| Total | 310 | 81.3 | 70.5 | 59.5 | -42.3% |
Top Export Markets for Electromechanical Tools for Working in the Hand, with Self-Contained Electric Motor from the Philippines in 2022:
- India (1173.0 units)
- Thailand (104.0 units)
- China (75.0 units)
- Indonesia (52.0 units)
- Singapore (32.0 units)
- Papua New Guinea (2.0 units)
- United States (1.0 units)
This report provides an in-depth analysis of the market for electromechanical tools for working in the hand, with self-contained electric motor 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:
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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