Vessels; Warships Price in the Philippines - 2022

Contents:

1. Vessels; Warships Price in the Philippines (CIF) - 2022
2. Vessels; Warships Imports in the Philippines

Vessels; Warships Price in the Philippines (CIF) - 2022

In 2022, the average vessels; warships import price amounted to $45,519 per ton, shrinking by -20% against the previous year. Over the period under review, the import price showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 when the average import price increased by 41% against the previous year. Over the period under review, average import prices attained the peak figure at $189,000 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($45,519 per ton), while the price for Israel totaled $45,518 per ton.

From 2016 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+41.1%).

Vessels; Warships Imports in the Philippines

In 2022, approx. 614 tons of vessels; warshipses were imported into the Philippines; which is down by -79.8% on the previous year. Overall, imports continue to indicate a sharp reduction. The smallest decline of -29.1% was in 2021.

In value terms, vessels; warships imports fell notably to $28M in 2022. In general, imports recorded a sharp shrinkage.

Top Suppliers of Vessels; Warships to the Philippines in 2022:

1. Japan (489.8 tons)
2. Israel (124.0 tons)

Source: IndexBox Market Intelligence Platform