Philippines - Lifts, Elevators, Moving Stairways and Draglines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lift, Elevator, Stairway and Dragline in the Philippines - 2023
Contents:
- Price for Lift, Elevator, Stairway and Dragline in the Philippines (CIF) - 2022
- Price for Lift, Elevator, Stairway and Dragline in the Philippines (FOB) - 2022
- Imports of Lift, Elevator, Stairway and Dragline in the Philippines
- Exports of Lift, Elevator, Stairway and Dragline in the Philippines
Price for Lift, Elevator, Stairway and Dragline in the Philippines (CIF) - 2022
In 2022, the average import price for lifts, elevators, moving stairways and draglines amounted to $7,368 per unit, picking up by 6.8% against the previous year. Over the period under review, the import price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. Over the period under review, average import prices attained the peak figure at $16,414 per unit in 2014; however, from 2015 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 South Korea ($20,474 per unit), while the price for Taiwan (Chinese) ($986 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 (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Lift, Elevator, Stairway and Dragline in the Philippines (FOB) - 2022
The average export price for lifts, elevators, moving stairways and draglines stood at $964 per unit in 2022, increasing by 10% against the previous year. Over the period under review, the export price, however, saw a dramatic slump. The most prominent rate of growth was recorded in 2013 an increase of 814% against the previous year. As a result, the export price attained the peak level of $141,797 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($3,228 per unit), while the average price for exports to Malaysia ($377 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 the United States (+91.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Lift, Elevator, Stairway and Dragline in the Philippines
In 2022, supplies from abroad of lifts, elevators, moving stairways and draglines increased by 12% to 14K units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a dramatic decrease. Imports peaked at 28K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, lift, elevator, stairway and dragline imports skyrocketed to $104M in 2022. Over the period under review, imports, however, continue to indicate a abrupt contraction. Over the period under review, imports reached the peak figure at $143M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Lift, Elevator, Stairway and Dragline in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 62.4 | 49.0 | 52.6 | 62.7 | 0.2% |
Thailand | 36.8 | 28.2 | 17.0 | 19.0 | -19.8% |
South Korea | 19.0 | 16.4 | 4.6 | 9.8 | -19.8% |
Sweden | 1.0 | 1.3 | 2.4 | 3.6 | 53.3% |
Taiwan (Chinese) | 2.9 | 2.3 | 3.1 | 2.7 | -2.4% |
Japan | 7.7 | 2.4 | 3.0 | 2.3 | -33.2% |
Others | 13.4 | 6.3 | 4.5 | 4.5 | -30.5% |
Total | 143 | 106 | 87.3 | 104 | -10.1% |
Top Suppliers of Lift, Elevator, Stairway and Dragline to the Philippines in 2022:
- China (8.3K units)
- Taiwan (Chinese) (2.7K units)
- Thailand (1.2K units)
- South Korea (0.5K units)
- Sweden (0.4K units)
- Japan (0.3K units)
Exports of Lift, Elevator, Stairway and Dragline in the Philippines
In 2022, approx. 284 units of lifts, elevators, moving stairways and draglines were exported from the Philippines; growing by 72% on the year before. In general, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 284%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.
In value terms, lift, elevator, stairway and dragline exports soared to $274K in 2022. Over the period under review, exports, however, faced a abrupt setback. The exports peaked at $425K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Lift, Elevator, Stairway and Dragline in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 1.4 | 41.7 | N/A | 119 | 339.7% |
Vietnam | 20.0 | N/A | 28.0 | 56.9 | 41.7% |
Malaysia | N/A | N/A | N/A | 24.9 | 0% |
Papua New Guinea | N/A | N/A | 14.8 | 18.7 | 26.4% |
India | 40.1 | N/A | N/A | 0.9 | -71.8% |
Switzerland | N/A | N/A | 0.5 | N/A | 0% |
United Kingdom | N/A | 57.7 | N/A | N/A | 0% |
Egypt | N/A | N/A | 59.9 | N/A | 0% |
United States | 22.9 | 25.9 | N/A | N/A | 13.1% |
Others | 341 | 37.5 | 41.5 | 53.0 | -46.2% |
Total | 425 | 163 | 145 | 274 | -13.6% |
Top Export Markets for Lift, Elevator, Stairway and Dragline from the Philippines in 2022:
- Vietnam (129.0 units)
- Malaysia (66.0 units)
- Papua New Guinea (46.0 units)
- Singapore (37.0 units)
- India (1.0 units)
This report provides an in-depth analysis of the market for lift, elevator, stairway and dragline 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 28221630 - Electrically operated lifts and skip hoists
- Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
- Prodcom 28221670 - Escalators and moving walkways
- Prodcom 28221740 - Pneumatic elevators and conveyors
- Prodcom 28221820 - Teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars
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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