Philippines - Goods Vehicles, With Spark-Ignition Internal Combustion Piston Engine - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPetroleum-Engine Cargo Trucks Price in the Philippines - 2023
Contents:
- Petroleum-Engine Cargo Trucks Price in the Philippines (CIF) - 2023
- Petroleum-Engine Cargo Trucks Price in the Philippines (FOB) - 2022
- Petroleum-Engine Cargo Trucks Imports in the Philippines
- Petroleum-Engine Cargo Trucks Exports in the Philippines
Petroleum-Engine Cargo Trucks Price in the Philippines (CIF) - 2023
In June 2023, the average petroleum-engine cargo trucks import price amounted to $79,091 per unit, rising by 60% against the previous month. Over the period under review, the import price, however, continues to indicate a mild downturn. The most prominent rate of growth was recorded in September 2022 an increase of 104% m-o-m. Over the period under review, average import prices reached the maximum at $94,935 per unit in June 2022; afterwards, it flattened through to June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($114K per unit), while the price for Indonesia ($35,669 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Petroleum-Engine Cargo Trucks Price in the Philippines (FOB) - 2022
In 2022, the average petroleum-engine cargo trucks export price amounted to $1,440 per unit, waning by -99.4% against the previous year. Overall, the export price continues to indicate a sharp slump. The most prominent rate of growth was recorded in 2017 an increase of 245%. Over the period under review, the average export prices reached the maximum at $263,799 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +35.3% per year.
Petroleum-Engine Cargo Trucks Imports in the Philippines
Petroleum-engine cargo trucks imports into the Philippines fell rapidly to 1.7K units in 2022, reducing by -26.5% against 2021. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. As a result, imports reached the peak of 2.3K units, and then declined rapidly in the following year.
In value terms, petroleum-engine cargo trucks imports fell rapidly to $112M in 2022. Overall, imports, however, showed a strong increase. The growth pace was the most rapid in 2021 when imports increased by 103% against the previous year. As a result, imports reached the peak of $178M, and then dropped markedly in the following year.
Import of Petroleum-Engine Cargo Trucks in the Philippines (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 26.6 | 32.5 | 83.1 | 34.6 | 9.2% |
Indonesia | 1.4 | 2.3 | 13.2 | 30.2 | 178.4% |
China | 17.1 | 9.4 | 23.9 | 26.9 | 16.3% |
Singapore | 0.6 | 1.8 | 0.1 | 8.6 | 142.9% |
Thailand | 4.6 | 10.6 | 38.3 | 6.6 | 12.8% |
United States | 0.6 | 5.9 | 4.4 | 3.0 | 71.0% |
South Korea | 10.7 | 20.2 | 11.9 | 0.6 | -61.7% |
Others | 7.0 | 5.1 | 2.9 | 1.7 | -37.6% |
Total | 68.7 | 87.8 | 178 | 112 | 17.7% |
Top Suppliers of Petroleum-Engine Cargo Trucks to the Philippines in 2022:
- Indonesia (723.0 units)
- Japan (354.0 units)
- China (282.0 units)
- United States (103.0 units)
- Singapore (87.0 units)
- Thailand (67.0 units)
- South Korea (15.0 units)
Petroleum-Engine Cargo Trucks Exports in the Philippines
In 2022, the amount of goods vehicles, with spark-ignition internal combustion piston engine exported from the Philippines reduced rapidly to 1 units, waning by -83.3% on the previous year. In general, exports recorded a sharp decline. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. Over the period under review, the exports reached the maximum at 7 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, petroleum-engine cargo trucks exports declined rapidly to $1.4K in 2022. Over the period under review, exports showed a sharp contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 2.4% against the previous year. As a result, the exports reached the peak of $1.4M, and then fell rapidly in the following year.
Export of Petroleum-Engine Cargo Trucks in the Philippines (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 39.8 | 31.6 | 17.7 | 1.4 | -67.2% |
Dominican Republic | N/A | N/A | 241 | N/A | 0% |
United States | 9.9 | 8.7 | 6.1 | N/A | -21.5% |
Papua New Guinea | 6.3 | N/A | N/A | N/A | 0% |
Singapore | N/A | N/A | 0.1 | N/A | 0% |
Australia | 1,207 | 1,279 | 1,085 | N/A | -5.2% |
Ghana | 42.9 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 1,306 | 1,319 | 1,350 | 1.4 | -89.8% |
Top Export Markets for Petroleum-Engine Cargo Trucks from the Philippines in 2022:
- South Africa (1.0 units)
This report provides an in-depth analysis of the petroleum-engine cargo trucks 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 29104200 - Goods vehicles, with spark-ignition internal combustion piston engine, other goods vehicles, new
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
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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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This report provides an in-depth analysis of the petroleum-engine cargo trucks market in the Philippines.
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Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Explore the top import markets for trucks in 2023, including the United States, Canada, Germany, and more. Find out what drives the demand for trucks in these key countries.
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...
Global truck imports stood at X tons in 2016, dropping by -X% against the previous year figure. Overall, truck imports continue to indicate a measured curtailment. The pace of growth appeared th...