Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines - 2023
Contents:
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines (CIF) - 2022
- Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines (FOB) - 2022
- Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines
- Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines (CIF) - 2022
The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $0.6 per unit in 2022, jumping by 127% against the previous year. In general, the import price enjoyed a resilient expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1.4 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines (FOB) - 2022
In 2022, the average export price for millstones, grindstones, grinding wheels and the like; of natural stones amounted to $2.7 per unit, rising by 1,246% against the previous year. Overall, the export price showed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2.7 per unit), while the average price for exports to China amounted to $2.6 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+61.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines
In 2022, imports of millstones, grindstones, grinding wheels and the like; of natural stones into the Philippines shrank remarkably to 4.9M units, falling by -63.3% compared with 2021 figures. In general, imports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 28%. As a result, imports reached the peak of 13M units, and then shrank markedly in the following year.
In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones fell remarkably to $2.9M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +9.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 35%. Imports peaked at $3.4M in 2021, and then declined significantly in the following year.
| Import of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 443 | 1,979 | 2,202 | 2,310 | 73.4% |
| China | 557 | 425 | 760 | 170 | -32.7% |
| Thailand | 423 | 254 | 109 | 153 | -28.8% |
| Japan | 433 | 257 | 315 | 148 | -30.1% |
| Others | 349 | 50.9 | 55.7 | 83.0 | -38.0% |
| Total | 2,205 | 2,966 | 3,441 | 2,863 | 9.1% |
Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to the Philippines in 2022:
- China (2015.1K units)
- Taiwan (Chinese) (1938.1K units)
- Thailand (828.1K units)
- Japan (107.3K units)
Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines
In 2022, approx. 77 units of millstones, grindstones, grinding wheels and the like; of natural stones were exported from the Philippines; waning by -99.8% against 2021. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 1,301% against the previous year. As a result, the exports reached the peak of 47K units, and then declined sharply in the following year.
In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones contracted rapidly to $205 in 2022. Over the period under review, exports showed a sharp slump. The most prominent rate of growth was recorded in 2021 with an increase of 1,109% against the previous year. As a result, the exports attained the peak of $9.4K, and then declined rapidly in the following year.
| Export of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | N/A | N/A | N/A | 0.1 | 0% |
| China | N/A | 0.1 | N/A | 0.1 | 0.0% |
| Thailand | N/A | N/A | 1.9 | N/A | 0% |
| Vietnam | N/A | N/A | 2.4 | N/A | 0% |
| United Arab Emirates | 2.0 | 0.7 | 0.7 | N/A | -40.8% |
| Singapore | 1.8 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 4.1 | N/A | 0% |
| Others | 3.4 | N/A | 0.3 | N/A | -70.3% |
| Total | 7.3 | 0.8 | 9.4 | 0.2 | -69.9% |
Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from the Philippines in 2022:
- China (40.0 units)
- Japan (37.0 units)
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