Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines - 2023

Contents:

1. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines (CIF) - 2022
2. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines (FOB) - 2022
3. Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines
4. Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines (CIF) - 2022

In 2022, the average import price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses amounted to $303 per unit, increasing by 87% against the previous year. Overall, the import price enjoyed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($3,614 per unit), while the price for China ($71 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines (FOB) - 2022

In 2022, the average export price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses amounted to $502 per unit, increasing by 223% against the previous year. In general, the export price, however, saw a precipitous decline. The pace of growth was the most pronounced in 2019 an increase of 521%. The export price peaked at $27,449 per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($10,500 per unit), while the average price for exports to the Netherlands stood at $212 per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+3.2%).

Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines

In 2022, approx. 27K units of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses were imported into the Philippines; shrinking by -45.7% on the previous year. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 99.9%. As a result, imports reached the peak of 50K units, and then shrank significantly in the following year.

In value terms, imports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses reached $8.2M in 2022. In general, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 114%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons to the Philippines in 2022:

1. China (18.6K units)
2. Japan (2.6K units)
3. Italy (1.3K units)
4. Indonesia (1.3K units)
5. United States (1.0K units)
6. Malaysia (0.2K units)
7. Australia (0.1K units)

Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in the Philippines

For the fourth consecutive year, the Philippines recorded growth in shipments abroad of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses, which increased by 1,119% to 1.8K units in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses skyrocketed to $894K in 2022. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons from the Philippines in 2022:

1. Netherlands (1723.0 units)
2. Singapore (50.0 units)

Source: IndexBox Market Intelligence Platform