Price for Tools, Hand; Other than Household Tools in the Philippines - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in the Philippines (CIF) - 2022
- Price for Tools, Hand; Other than Household Tools in the Philippines (FOB) - 2022
- Imports of Tools, Hand; Other than Household Tools in the Philippines
- Exports of Tools, Hand; Other than Household Tools in the Philippines
Price for Tools, Hand; Other than Household Tools in the Philippines (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $5,039 per ton, picking up by 9.3% against the previous year. Overall, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by 43% 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 Japan ($128,152 per ton), while the price for China ($1,561 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+38.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in the Philippines (FOB) - 2022
In 2022, the average export price for tools, hand; other than household toolses amounted to $36,382 per ton, growing by 16% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 63%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
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 Australia ($74,119 per ton), while the average price for exports to Germany ($20,608 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tools, Hand; Other than Household Tools in the Philippines
For the third consecutive year, the Philippines recorded decline in purchases abroad of tools, hand; other than household toolses, which decreased by -5.5% to 2K tons in 2022. In general, imports continue to indicate a abrupt curtailment.
In value terms, imports of tools, hand; other than household toolses rose to $10M in 2022. Overall, imports showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year.
| Import of Tools, Hand; Other than Household Tools in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.2 | 3.6 | 3.1 | 2.7 | -19.6% |
| South Korea | 0.3 | 0.3 | 0.4 | 0.7 | 32.6% |
| Singapore | 0.8 | 0.4 | 0.5 | 0.4 | -20.6% |
| Others | 6.2 | 3.3 | 5.8 | 6.3 | 0.5% |
| Total | 12.5 | 7.6 | 9.8 | 10.1 | -6.9% |
Top Suppliers of Tools, Hand; Other than Household Tools to the Philippines in 2022:
- China (1706.0 tons)
- South Korea (111.4 tons)
- Singapore (27.3 tons)
Exports of Tools, Hand; Other than Household Tools in the Philippines
For the third consecutive year, the Philippines recorded decline in overseas shipments of tools, hand; other than household toolses, which decreased by -38.3% to 7.7 tons in 2022. Overall, exports faced a significant decrease. The smallest decline of -31.3% was in 2020.
In value terms, exports of tools, hand; other than household toolses fell significantly to $280K in 2022. In general, exports continue to indicate a sharp decrease. The smallest decline of -26.9% was in 2020.
| Export of Tools, Hand; Other than Household Tools in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 170 | 43.4 | 48.4 | 166 | -0.8% |
| Japan | 504 | 391 | 203 | 46.1 | -54.9% |
| Denmark | 2.7 | N/A | 17.6 | 19.3 | 92.6% |
| Germany | 7.9 | 8.0 | 9.0 | 18.4 | 32.6% |
| Australia | 16.1 | 16.6 | 21.3 | 13.0 | -6.9% |
| Singapore | 8.3 | 2.4 | 13.2 | 7.6 | -2.9% |
| Netherlands | 3.0 | N/A | N/A | 5.3 | 20.9% |
| United Kingdom | 50.5 | 42.1 | 13.3 | 0.1 | -87.4% |
| South Korea | 9.5 | 14.8 | N/A | 0.1 | -78.1% |
| Others | 83.6 | 107 | 65.9 | 3.9 | -64.0% |
| Total | 856 | 626 | 392 | 280 | -31.1% |
Top Export Markets for Tools, Hand; Other than Household Tools from the Philippines in 2022:
- United States (3865.0 kg)
- Japan (1403.0 kg)
- Germany (893.0 kg)
- Denmark (741.0 kg)
- Singapore (231.0 kg)
- Netherlands (205.0 kg)
- Australia (176.0 kg)
- South Korea (50.0 kg)
- United Kingdom (7.0 kg)
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