Report Update: Apr 1, 2024

Philippines - Machine-Tools For Working Stone, Ceramics, And Concrete - Market Analysis, Forecast, Size, Trends And Insights

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Price for Machine Tools for Working Stone in the Philippines - 2023

Price for Machine Tools for Working Stone in the Philippines (CIF) - 2022

The average import price for machine-tools for working stone, ceramics, and concrete stood at $301 per unit in 2022, flattening at the previous year. Over the period under review, the import price recorded a modest increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 107% against the previous year. Over the period under review, average import prices reached the peak figure at $316 per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($301 per unit) and Austria ($301 per unit), while the price for Singapore ($301 per unit) and China ($301 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine Tools for Working Stone in the Philippines (FOB) - 2022

The average export price for machine-tools for working stone, ceramics, and concrete stood at $159 per unit in 2022, dropping by -14.7% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2018 when the average export price increased by 44% against the previous year. The export price peaked at $335 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($282 per unit), while the average price for exports to Argentina ($43 per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.5%), while the prices for the other major destinations experienced a decline.

Imports of Machine Tools for Working Stone in the Philippines

In 2022, machine tools for working stone imports into the Philippines soared to 11K units, with an increase of 183% compared with the previous year. Overall, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, machine tools for working stone imports soared to $3.4M in 2022. In general, imports, however, continue to indicate a mild descent. Over the period under review, imports reached the maximum at $3.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Machine Tools for Working Stone in the Philippines (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,106	158	496	2,750	9.3%
Japan	567	5.2	9.2	408	-10.4%
Austria	58.8	15.0	55.9	106	21.7%
Singapore	46.1	15.7	9.4	58.2	8.1%
South Korea	167	37.3	89.9	34.1	-41.1%
Netherlands	172	119	180	N/A	2.3%
Others	498	256	368	89.8	-43.5%
Total	3,614	607	1,208	3,446	-1.6%

Top Suppliers of Machine Tools for Working Stone to the Philippines in 2022:

China (9.1K units)
Japan (1.4K units)
Austria (0.4K units)
Singapore (0.2K units)
South Korea (0.1K units)

Exports of Machine Tools for Working Stone in the Philippines

In 2022, after two years of growth, there was significant decline in overseas shipments of machine-tools for working stone, ceramics, and concrete, when their volume decreased by -39.8% to 74 units. In general, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 4,000% against the previous year. As a result, the exports reached the peak of 123 units, and then plummeted in the following year.

In value terms, machine tools for working stone exports reduced rapidly to $12K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 3,845% against the previous year. As a result, the exports reached the peak of $23K, and then shrank significantly in the following year.

Export of Machine Tools for Working Stone in the Philippines (Thousand USD)
COUNTRY	2020	2021	2022	CAGR, 2020-2022
Japan	0.3	11.1	5.8	339.7%
Thailand	0.2	8.7	4.9	395.0%
Brazil	N/A	0.9	0.4	-55.6%
Singapore	N/A	0.3	0.2	-33.3%
Argentina	N/A	0.2	0.1	-50.0%
Switzerland	N/A	0.7	N/A	0%
Others	N/A	0.9	0.4	-55.6%
Total	0.6	22.9	11.7	341.6%

Top Export Markets for Machine Tools for Working Stone from the Philippines in 2022:

Thailand (44.0 units)
Japan (21.0 units)
Brazil (6.0 units)
Argentina (2.0 units)
Singapore (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine tools for working stone 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 28491170 - Machine-tools for working stone, ceramics, concrete, a sbestos-cement or like mineral materials or for cold working glass (excluding sawing machines, grinding or polishing machines)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023