Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in the Philippines - 2023
Contents:
- Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in the Philippines (CIF) - 2022
- Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in the Philippines
Price for Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in the Philippines (CIF) - 2022
The average import price for knitting machines; circular, with cylinder diameter not exceeding 165mms stood at $3,817 per unit in 2022, surging by 77% against the previous year. In general, the import price, however, showed a perceptible contraction. The growth pace was the most rapid in 2017 an increase of 129%. Over the period under review, average import prices hit record highs at $5,203 per unit in 2012; however, from 2013 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 Taiwan (Chinese) ($4,266 per unit), while the price for India ($47 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in the Philippines
In 2022, approx. 85 units of knitting machines; circular, with cylinder diameter not exceeding 165mms were imported into the Philippines; picking up by 23% against 2021 figures. Over the period under review, imports, however, saw a significant curtailment. Imports peaked at 386 units in 2020; however, from 2021 to 2022, imports failed to regain momentum.
In value terms, imports of knitting machines; circular, with cylinder diameter not exceeding 165mms soared to $324K in 2022. Overall, imports, however, recorded a dramatic decrease. Over the period under review, imports of attained the maximum at $703K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 238 | 278 | 44.9 | 205 | -4.9% |
| China | 78.3 | 224 | 98.5 | 110 | 12.0% |
| Japan | 140 | N/A | 0.1 | 9.1 | -59.8% |
| Italy | 151 | 97.5 | N/A | N/A | -35.4% |
| Others | 95.2 | 0.6 | 5.5 | 0.5 | -82.6% |
| Total | 703 | 600 | 149 | 324 | -22.8% |
Top Suppliers of Knitting Machines; Circular, with Cylinder Diameter Not Exceeding 165mm to the Philippines in 2022:
- Taiwan (Chinese) (48.0 units)
- China (31.0 units)
- Japan (3.0 units)
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