Price for Winches and Capstans; Not Powered by an Electric Motor in the Philippines - 2023
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in the Philippines (CIF) - 2022
- Price for Winches and Capstans; Not Powered by an Electric Motor in the Philippines (FOB) - 2022
- Imports of Winches and Capstans; Not Powered by an Electric Motor in the Philippines
- Exports of Winches and Capstans; Not Powered by an Electric Motor in the Philippines
Price for Winches and Capstans; Not Powered by an Electric Motor in the Philippines (CIF) - 2022
In 2022, the average import price for winches and capstans; not powered by an electric motors amounted to $446 per unit, approximately equating the previous year. Overall, the import price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2018 when the average import price increased by 25%. Over the period under review, average import prices attained the maximum at $1,401 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 Singapore ($2,280 per unit), while the price for Hong Kong SAR ($245 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Not Powered by an Electric Motor in the Philippines (FOB) - 2022
The average export price for winches and capstans; not powered by an electric motors stood at $584 per unit in 2022, shrinking by -28.1% against the previous year. Overall, the export price, however, posted a noticeable expansion. The growth pace was the most rapid in 2013 an increase of 1,900% against the previous year. As a result, the export price attained the peak level of $8,585 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($600 per unit), while the average price for exports to South Korea ($300 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 UK (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Winches and Capstans; Not Powered by an Electric Motor in the Philippines
In 2022, imports of winches and capstans; not powered by an electric motors into the Philippines surged to 9.6K units, increasing by 99% against the year before. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of winches and capstans; not powered by an electric motors soared to $4.3M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Winches and Capstans; Not Powered by an Electric Motor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 322 | 497 | 888 | 2,087 | 86.4% |
| Singapore | 76.6 | 8.7 | 22.4 | 627 | 101.5% |
| Taiwan (Chinese) | 75.9 | 117 | 13.2 | 625 | 101.9% |
| Denmark | 1.0 | 0.7 | 0.3 | 157 | 439.5% |
| Japan | 441 | 98.3 | 80.9 | 137 | -32.3% |
| India | 1.6 | 46.5 | 0.5 | 80.2 | 268.7% |
| Others | 1,115 | 1,073 | 1,132 | 582 | -19.5% |
| Total | 2,033 | 1,841 | 2,137 | 4,296 | 28.3% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to the Philippines in 2022:
- China (7.1K units)
- Taiwan (Chinese) (1.2K units)
- Singapore (0.3K units)
- India (0.3K units)
- Japan (0.3K units)
- Denmark (0.2K units)
Exports of Winches and Capstans; Not Powered by an Electric Motor in the Philippines
After three years of growth, overseas shipments of winches and capstans; not powered by an electric motors decreased by -82.9% to 27 units in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 352% against the previous year. Over the period under review, the exports of hit record highs at 158 units in 2021, and then declined notably in the following year.
In value terms, exports of winches and capstans; not powered by an electric motors contracted notably to $16K in 2022. In general, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 489% against the previous year. The exports peaked at $128K in 2021, and then reduced sharply in the following year.
| Export of Winches and Capstans; Not Powered by an Electric Motor in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 0.1 | 0.1 | 15.0 | 1124.7% |
| Indonesia | N/A | N/A | N/A | 0.5 | 0% |
| South Korea | N/A | N/A | N/A | 0.3 | 0% |
| Vietnam | N/A | N/A | N/A | N/A | 0% |
| Australia | 11.2 | 66.1 | 126 | N/A | 235.4% |
| Others | 0.1 | 0.5 | 1.7 | N/A | 312.3% |
| Total | 11.3 | 66.7 | 128 | 15.8 | 11.8% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from the Philippines in 2022:
- United Kingdom (25.0 units)
- South Korea (1.0 units)
- Indonesia (1.0 units)
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