Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines (CIF) - 2022
The average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $13 per unit in 2022, shrinking by -21.1% against the previous year. Overall, the import price, however, saw a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 134%. Over the period under review, average import prices hit record highs at $26 per unit in 2015; however, from 2016 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 South Korea ($30 per unit), while the price for China ($4.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines (FOB) - 2022
The average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) stood at $539 per unit in 2022, flattening at the previous year. In general, the export price showed a precipitous setback. The most prominent rate of growth was recorded in 2020 an increase of 717%. Over the period under review, the average export prices reached the peak figure at $8,701 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($1,898 per unit), while the average price for exports to France ($124 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 Vietnam (+573.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines
In 2022, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) into the Philippines surged to 107K units, picking up by 64% on the previous year. In general, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) skyrocketed to $1.3M in 2022. Over the period under review, total imports indicated a moderate increase from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 319 | 53.5 | 346 | 276 | -4.7% |
| China | 261 | 134 | 153 | 256 | -0.6% |
| South Korea | 95.6 | 148 | 158 | 249 | 37.6% |
| United States | 90.7 | 263 | 83.9 | 214 | 33.1% |
| Taiwan (Chinese) | 60.9 | 32.6 | 67.4 | 68.6 | 4.0% |
| Singapore | 154 | 52.7 | 35.5 | 62.0 | -26.2% |
| Australia | 58.3 | 30.2 | 77.9 | 21.0 | -28.8% |
| Others | 157 | 134 | 119 | 198 | 8.0% |
| Total | 1,196 | 848 | 1,041 | 1,345 | 4.0% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to the Philippines in 2022:
- China (62.5K units)
- Japan (9.5K units)
- Taiwan (Chinese) (8.6K units)
- South Korea (8.3K units)
- United States (7.8K units)
- Australia (3.2K units)
- Singapore (2.7K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines
Exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) from the Philippines totaled 19 units in 2022, standing approx. at the year before. Over the period under review, exports showed a significant expansion. The smallest decline of -14.3% was in 2020. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) totaled $10K in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 600%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | 0.3 | N/A | 5.0 | 308.2% |
| Australia | N/A | 3.7 | N/A | 3.8 | 1.3% |
| China | N/A | N/A | N/A | 1.4 | 0% |
| France | N/A | N/A | N/A | 0.1 | 0% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Micronesia | 0.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 0.6 | 3.9 | N/A | 10.2 | 157.1% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from the Philippines in 2022:
- Japan (12.0 units)
- China (4.0 units)
- Australia (2.0 units)
- France (1.0 units)
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