Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, other than rotary type stood at $4.3 per unit in 2022, shrinking by -57.4% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2013 an increase of 24%. The import price peaked at $28 per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($39 per unit), while the price for China ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.0%), while the prices for the other major suppliers experienced a decline.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $30 per unit, falling by -83.6% against the previous year. In general, the export price continues to indicate a dramatic contraction. The pace of growth was the most pronounced in 2013 when the average export price increased by 343%. As a result, the export price attained the peak level of $2,417 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($164 per unit), while the average price for exports to Germany ($8.9 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 Indonesia (+48.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines
In 2022, the amount of tools; for working in the hand, pneumatic, other than rotary type imported into the Philippines soared to 705K units, rising by 352% compared with the previous year's figure. Overall, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type surged to $3M in 2022. Over the period under review, imports continue to indicate a notable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 550 | 337 | 367 | 1,797 | 48.4% |
| Japan | 985 | 429 | 451 | 564 | -17.0% |
| Taiwan (Chinese) | 118 | 117 | 222 | 151 | 8.6% |
| Others | 1,130 | 516 | 531 | 517 | -22.9% |
| Total | 2,784 | 1,399 | 1,570 | 3,028 | 2.8% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to the Philippines in 2022:
- China (635.6K units)
- Japan (22.7K units)
- Taiwan (Chinese) (15.9K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines
In 2022, shipments abroad of tools; for working in the hand, pneumatic, other than rotary type increased by 158% to 62 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, saw a precipitous decline. The exports peaked at 161 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type reduced dramatically to $1.8K in 2022. In general, exports, however, saw a sharp downturn. The smallest decline of -39.5% was in 2021. The exports peaked at $37K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.6 | N/A | N/A | 1.3 | 29.4% |
| Germany | N/A | N/A | N/A | 0.4 | 0% |
| Maldives | N/A | N/A | N/A | 0.1 | 0% |
| Thailand | 0.2 | 4.5 | N/A | N/A | 2150.0% |
| Oman | 11.0 | N/A | 4.3 | N/A | -37.5% |
| Australia | 11.3 | N/A | N/A | N/A | 0% |
| Canada | 13.2 | 2.6 | N/A | N/A | -80.3% |
| Others | 1.2 | 0.1 | N/A | N/A | -91.7% |
| Total | 37.5 | 7.2 | 4.3 | 1.8 | -63.7% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from the Philippines in 2022:
- Germany (44.0 units)
- Maldives (10.0 units)
- Singapore (8.0 units)
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