Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines
4. Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines (CIF) - 2022

In 2022, the average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $250 per unit, jumping by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced downturn. The growth pace was the most rapid in 2020 when the average import price increased by 43%. Over the period under review, average import prices reached the maximum at $335 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($593 per unit), while the price for Taiwan (Chinese) ($53 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 (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses stood at $75 per unit in 2020, reducing by -35.7% against the previous year. Overall, the export price faced a dramatic decrease. The most prominent rate of growth was recorded in 2017 an increase of 46% against the previous year. The export price peaked at $1,187 per unit in 2015; however, from 2016 to 2020, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($132 per unit), while the average price for exports to Papua New Guinea ($56 per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-25.1%).

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines

In 2022, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses into the Philippines dropped markedly to 405 units, declining by -65.2% compared with 2021 figures. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 93%. As a result, imports reached the peak of 1.2K units, and then declined remarkably in the following year.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses fell remarkably to $101K in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48%. As a result, imports reached the peak of $215K, and then contracted markedly in the following year.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to the Philippines in 2022:

1. Italy (85.0 units)
2. China (63.0 units)
3. Netherlands (50.0 units)
4. Taiwan (Chinese) (43.0 units)
5. Malaysia (32.0 units)
6. South Korea (31.0 units)
7. United States (28.0 units)
8. Japan (14.0 units)
9. Thailand (14.0 units)
10. Singapore (13.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in the Philippines

In 2020, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses from the Philippines surged to 4 units, growing by 33% against 2019. The total export volume increased at an average annual rate of +33.3% over the period from 2019 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses dropped to $300 in 2020. Over the period under review, exports, however, saw a deep contraction. The exports peaked at $350 in 2019, and then shrank in the following year.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices from the Philippines in 2022:

1. Japan (2.0 units)
2. United States (1.0 units)
3. Papua New Guinea (1.0 units)

Source: IndexBox Market Intelligence Platform