Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in the Philippines - 2023
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in the Philippines (CIF) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in the Philippines
Price for Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in the Philippines (CIF) - 2022
The average import price for knitting machines; circular, with cylinder diameter exceeding 165mms stood at $2,210 per unit in 2022, waning by -34.5% against the previous year. In general, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 405% against the previous year. As a result, import price reached the peak level of $5,297 per unit. From 2017 to 2022, the average 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 the Czech Republic ($14,530 per unit), while the price for Thailand ($16 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+43.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in the Philippines
In 2022, approx. 21 units of knitting machines; circular, with cylinder diameter exceeding 165mms were imported into the Philippines; which is down by -54.3% against 2021 figures. Overall, imports saw a precipitous contraction. The growth pace was the most rapid in 2021 when imports increased by 171% against the previous year. Over the period under review, imports of reached the peak figure at 60 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of knitting machines; circular, with cylinder diameter exceeding 165mms reduced rapidly to $46K in 2022. Over the period under review, imports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 when imports increased by 514%. As a result, imports reached the peak of $155K, and then declined dramatically in the following year.
| Import of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 50.7 | 1.3 | 5.4 | 15.1 | -33.2% |
| Czech Republic | 34.2 | 4.3 | 63.9 | 14.5 | -24.9% |
| South Korea | 6.1 | 0.9 | 18.2 | 4.5 | -9.6% |
| Taiwan (Chinese) | 9.9 | 0.6 | 9.9 | 3.9 | -26.7% |
| Germany | 3.7 | 3.3 | 28.4 | 3.8 | 0.9% |
| China | 6.1 | 14.1 | 21.2 | 3.8 | -14.6% |
| United States | 9.5 | 0.8 | 8.2 | 0.8 | -56.2% |
| Thailand | N/A | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 120 | 25.3 | 155 | 46.4 | -27.1% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Exceeding 165mm to the Philippines in 2022:
- Taiwan (Chinese) (6.0 units)
- China (6.0 units)
- Japan (4.0 units)
- Czech Republic (1.0 units)
- United States (1.0 units)
- Germany (1.0 units)
- Thailand (1.0 units)
- South Korea (1.0 units)
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