Philippines - Silencers And Exhaust Pipes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilencer Price in the Philippines - 2023
Contents:
- Silencer Price in the Philippines (FOB) - 2022
- Silencer Price in the Philippines (CIF) - 2022
- Silencer Exports in the Philippines
- Silencer Imports in the Philippines
Silencer Price in the Philippines (FOB) - 2022
The average silencer export price stood at $17,517 per ton in 2022, declining by -8.6% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of 65% against the previous year. Over the period under review, the average export prices attained the maximum at $19,155 per ton in 2021, and then declined in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Indonesia ($17,518 per ton) and Taiwan (Chinese) ($17,517 per ton), while the average price for exports to Thailand ($17,517 per ton) and Japan ($17,517 per ton) were 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 (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.
Silencer Price in the Philippines (CIF) - 2022
In 2022, the average silencer import price amounted to $15,919 per ton, with an increase of 7.6% against the previous year. Over the period under review, the import price recorded significant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 68% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Belgium ($15,926 per ton) and China ($15,925 per ton), while the price for South Korea ($15,923 per ton) and Thailand ($15,924 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+37.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Silencer Exports in the Philippines
In 2022, exports of silencers and exhaust pipes from the Philippines declined sharply to 116 tons, waning by -57.4% on the previous year. In general, exports faced a sharp curtailment. The smallest decline of -0.1% was in 2021.
In value terms, silencer exports contracted remarkably to $2M in 2022. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of $5.2M, and then shrank notably in the following year.
Export of Silencer in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 2,612 | 2,451 | 3,544 | 1,360 | -19.6% |
Taiwan (Chinese) | 1.7 | 429 | 447 | 261 | 435.5% |
Japan | 659 | 1,052 | 807 | 196 | -33.2% |
Thailand | 364 | 156 | 149 | 138 | -27.6% |
Indonesia | N/A | 31.0 | 231 | 51.0 | 28.3% |
Others | 39.7 | 16.1 | 35.4 | 25.4 | -13.8% |
Total | 3,677 | 4,136 | 5,213 | 2,032 | -17.9% |
Top Export Markets for Silencer from the Philippines in 2022:
- United States (77.6 tons)
- Taiwan (Chinese) (14.9 tons)
- Japan (11.2 tons)
- Thailand (7.9 tons)
- Indonesia (2.9 tons)
Silencer Imports in the Philippines
In 2022, the amount of silencers and exhaust pipes imported into the Philippines fell to 241 tons, reducing by -6.1% on the previous year. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 62%.
In value terms, silencer imports reached $3.8M in 2022. In general, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 when imports increased by 110%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.
Import of Silencer in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Thailand | 214 | 66.8 | 1,424 | 2,154 | 115.9% |
Indonesia | 3.8 | 107 | 619 | 472 | 398.9% |
Japan | 841 | 1,034 | 1,139 | 359 | -24.7% |
China | 376 | 265 | 159 | 176 | -22.4% |
United States | 316 | 36.5 | 66.4 | 117 | -28.2% |
Austria | N/A | 0.9 | 1.8 | 97.3 | 939.8% |
Belgium | 9.8 | 16.4 | 19.5 | 59.9 | 82.8% |
South Korea | 37.5 | 47.0 | 84.6 | 47.5 | 8.2% |
Others | 280 | 240 | 290 | 358 | 8.5% |
Total | 2,078 | 1,813 | 3,804 | 3,841 | 22.7% |
Top Suppliers of Silencer to the Philippines in 2022:
- Thailand (135.3 tons)
- Indonesia (29.7 tons)
- Japan (22.5 tons)
- China (11.1 tons)
- United States (7.4 tons)
- Austria (6.1 tons)
- Belgium (3.8 tons)
- South Korea (3.0 tons)
This report provides an in-depth analysis of the silencer market 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 29323063 - Silencers and exhaust pipes, parts thereof
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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