Philippines - Parts Of Boilers For Central Heating - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBoiler Parts Price in the Philippines - 2023
Contents:
- Boiler Parts Price in the Philippines (CIF) - 2022
- Boiler Parts Price in the Philippines (FOB) - 2022
- Boiler Parts Imports in the Philippines
- Boiler Parts Exports in the Philippines
Boiler Parts Price in the Philippines (CIF) - 2022
In 2022, the average boiler parts import price amounted to $17,669 per ton, increasing by 17% against the previous year. In general, the import price recorded a resilient increase. The most prominent rate of growth was recorded in 2016 an increase of 217% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
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 Germany ($46,933 per ton), while the price for South Korea ($2,697 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+29.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Boiler Parts Price in the Philippines (FOB) - 2022
The average boiler parts export price stood at $18,699 per ton in 2022, increasing by 13% against the previous year. In general, the export price continues to indicate a perceptible expansion. The growth pace was the most rapid in 2016 an increase of 117%. As a result, the export price attained the peak level of $25,656 per ton. From 2017 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($19,151 per ton), while the average price for exports to Singapore amounted to $9,790 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+37.1%), while the prices for the other major destinations experienced mixed trend patterns.
Boiler Parts Imports in the Philippines
In 2022, purchases abroad of parts of boilers for central heating decreased by -61.4% to 83 tons, falling for the second year in a row after two years of growth. Over the period under review, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 15%. As a result, imports reached the peak of 293 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, boiler parts imports reduced notably to $1.5M in 2022. In general, imports saw a sharp setback. The pace of growth appeared the most rapid in 2020 when imports increased by 23%. As a result, imports attained the peak of $4.4M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Boiler Parts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,181 | 1,545 | 685 | 432 | -28.5% |
| Germany | 654 | 988 | 874 | 357 | -18.3% |
| Vietnam | 217 | 285 | 301 | 147 | -12.2% |
| South Korea | 531 | 498 | 375 | 130 | -37.4% |
| Japan | 108 | 156 | 240 | 98.1 | -3.2% |
| Spain | 183 | 94.5 | 216 | 88.1 | -21.6% |
| United States | 169 | 195 | 132 | 63.3 | -27.9% |
| South Africa | 269 | 428 | 215 | 21.7 | -56.8% |
| Others | 243 | 188 | 210 | 122 | -20.5% |
| Total | 3,554 | 4,379 | 3,248 | 1,460 | -25.7% |
Top Suppliers of Boiler Parts to the Philippines in 2022:
- South Korea (48.3 tons)
- Taiwan (Chinese) (9.5 tons)
- Germany (7.6 tons)
- Vietnam (7.1 tons)
- Japan (2.2 tons)
- Spain (2.0 tons)
- South Africa (1.8 tons)
- United States (1.4 tons)
Boiler Parts Exports in the Philippines
After three years of growth, overseas shipments of parts of boilers for central heating decreased by -47% to 7.5 tons in 2022. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 424% against the previous year. As a result, the exports reached the peak of 14 tons, and then fell dramatically in the following year.
In value terms, boiler parts exports reduced markedly to $140K in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 409% against the previous year. As a result, the exports attained the peak of $234K, and then shrank sharply in the following year.
| Export of Boiler Parts in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 22.0 | 32.2 | 81.3 | 136 | 83.5% |
| Singapore | 1.8 | 0.3 | 2.4 | 3.5 | 24.8% |
| Hong Kong SAR | N/A | N/A | 143 | N/A | 0% |
| Vietnam | N/A | 7.1 | N/A | N/A | 0% |
| Cambodia | N/A | 5.9 | N/A | N/A | 0% |
| Others | 0.1 | 0.4 | 7.3 | 0.1 | 0.0% |
| Total | 23.9 | 45.9 | 234 | 140 | 80.3% |
Top Export Markets for Boiler Parts from the Philippines in 2022:
- United States (7.1 tons)
- Singapore (0.4 tons)
This report provides an in-depth analysis of the boiler parts 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 25211300 - Parts of boilers for central heating
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
-
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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