Philippines - HVAC Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHVAC Equipment Price in the Philippines - 2023
Contents:
- HVAC Equipment Price in the Philippines (CIF) - 2022
- HVAC Equipment Price in the Philippines (FOB) - 2022
- HVAC Equipment Imports in the Philippines
- HVAC Equipment Exports in the Philippines
HVAC Equipment Price in the Philippines (CIF) - 2022
In 2022, the average HVAC equipment import price amounted to $125 per unit, reducing by -4.7% against the previous year. Over the period under review, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. Over the period under review, average import prices hit record highs at $168 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 ($420 per unit), while the price for Hong Kong SAR ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
HVAC Equipment Price in the Philippines (FOB) - 2022
In 2022, the average HVAC equipment export price amounted to $370 per unit, picking up by 32% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 70%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($721 per unit), while the average price for exports to Austria ($22 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 Singapore (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.
HVAC Equipment Imports in the Philippines
In 2022, the amount of HVAC equipment imported into the Philippines surged to 8.6M units, increasing by 30% on 2021. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, HVAC equipment imports soared to $1.1B in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of HVAC Equipment in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 204 | 164 | 159 | 179 | -4.3% |
| Thailand | 137 | 118 | 146 | 161 | 5.5% |
| Malaysia | 71.6 | 47.3 | 46.4 | 88.6 | 7.4% |
| South Korea | 33.6 | 26.0 | 9.4 | 36.2 | 2.5% |
| Japan | 19.9 | 12.7 | 12.7 | 14.6 | -9.8% |
| Hong Kong SAR | 9.9 | 9.3 | 8.8 | 10.5 | 2.0% |
| Taiwan (Chinese) | 7.1 | 12.8 | 22.3 | 8.2 | 4.9% |
| Others | 586 | 450 | 462 | 577 | -0.5% |
| Total | 1,070 | 840 | 868 | 1,075 | 0.2% |
Top Suppliers of HVAC Equipment to the Philippines in 2022:
- China (2.5M units)
- Hong Kong SAR (0.6M units)
- Thailand (0.4M units)
- Malaysia (0.3M units)
- Japan (0.2M units)
- Taiwan (Chinese) (0.1M units)
- South Korea (0.1M units)
HVAC Equipment Exports in the Philippines
After three years of growth, overseas shipments of HVAC equipment decreased by -17.2% to 1.4M units in 2022. Overall, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 62%. Over the period under review, the exports attained the peak figure at 1.7M units in 2021, and then plummeted in the following year.
In value terms, HVAC equipment exports expanded sharply to $516M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 83%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of HVAC Equipment in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.0 | 43.8 | 38.1 | 56.9 | 25.2% |
| Hong Kong SAR | 19.9 | 21.4 | 39.2 | 41.1 | 27.3% |
| China | 12.8 | 39.2 | 54.7 | 40.8 | 47.2% |
| Taiwan (Chinese) | 2.0 | 15.3 | 16.2 | 30.9 | 149.1% |
| United States | 5.2 | 17.1 | 14.3 | 12.5 | 34.0% |
| Malaysia | 0.5 | 5.6 | 8.9 | 9.4 | 165.9% |
| Vietnam | N/A | 0.6 | 6.2 | 8.7 | 280.8% |
| Netherlands | 10.4 | 8.1 | 12.5 | 8.4 | -6.9% |
| Germany | 0.3 | 5.0 | 5.7 | 7.6 | 193.7% |
| Thailand | 2.3 | 3.7 | 4.3 | 4.7 | 26.9% |
| Finland | 0.5 | 1.5 | 1.8 | 1.4 | 40.9% |
| Austria | 0.8 | 0.9 | 1.7 | 0.2 | -37.0% |
| Russia | 1.0 | 1.2 | 1.4 | 0.1 | -53.6% |
| Others | 122 | 215 | 266 | 293 | 33.9% |
| Total | 207 | 379 | 471 | 516 | 35.6% |
Top Export Markets for HVAC Equipment from the Philippines in 2022:
- Vietnam (116.9K units)
- Taiwan (Chinese) (102.0K units)
- Hong Kong SAR (80.8K units)
- Japan (79.0K units)
- China (66.2K units)
- United States (36.2K units)
- Malaysia (35.5K units)
- Germany (34.3K units)
- Finland (31.3K units)
- Netherlands (14.8K units)
- Thailand (14.7K units)
- Austria (10.9K units)
- Russia (3.6K units)
This report provides an in-depth analysis of the hvac equipment 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 28252030 - Axial fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output . .125 W)
- Prodcom 28252050 - Centrifugal fans (excluding table, floor, wall, window, ceiling or roof fans with a self-contained electric motor of an output. .125 W)
- Prodcom 28252070 - Fans (excluding table, floor, wall, ceiling or roof fans with a self-contained electric motor of an output . .125 W, axial fans, c entrifugal fans)
- Prodcom 28251220 - Window or wall air conditioning systems, self-contained or split-systems
- Prodcom 28251250 - Air conditioning machines with refrigeration unit (excluding those used in motor vehicles, self-contained or split-systems machines)
- Prodcom 28251270 - Air conditioning machines not containing a refrigeration unit, c entral station air handling units, vav boxes and terminals, c onstant volume units and fan coil units
- Prodcom 28251380 - Heat pumps other than air conditioning machines of HS
- Prodcom 28251130 - Heat exchange units
- Prodcom 27512630 - Electric storage heating radiators
- Prodcom 27512650 - Electric radiators, convection heaters and heaters or fires with built-in fans
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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