Price for Vehicles; Mobile Drilling Derricks in the Philippines - 2023
Contents:
- Price for Vehicles; Mobile Drilling Derricks in the Philippines (CIF) - 2022
- Imports of Vehicles; Mobile Drilling Derricks in the Philippines
Price for Vehicles; Mobile Drilling Derricks in the Philippines (CIF) - 2022
In 2022, the average vehicles; mobile drilling derricks import price amounted to $18,949 per unit, waning by -70.7% against the previous year. In general, the import price saw a deep setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 224%. The import price peaked at $136,605 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +23.0% per year.
Imports of Vehicles; Mobile Drilling Derricks in the Philippines
In 2022, after three years of growth, there was significant decline in purchases abroad of vehicles; mobile drilling derrickses, when their volume decreased by -90.9% to 1 units. In general, imports faced a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 67%. Imports peaked at 11 units in 2021, and then reduced markedly in the following year.
In value terms, vehicles; mobile drilling derricks imports contracted sharply to $19K in 2022. Overall, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. Imports peaked at $711K in 2021, and then fell notably in the following year.
| Import of Vehicles; Mobile Drilling Derricks in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 97.3 | 14.2 | 9.3 | 18.9 | -42.1% |
| South Korea | N/A | N/A | 121 | N/A | 0% |
| China | 75.2 | 242 | 189 | N/A | 58.5% |
| Malaysia | 54.3 | N/A | N/A | N/A | 0% |
| Indonesia | N/A | 116 | 95.0 | N/A | -18.1% |
| United Arab Emirates | N/A | 70.3 | 9.4 | N/A | -86.6% |
| Australia | 114 | 83.3 | 30.5 | N/A | -48.3% |
| Israel | N/A | N/A | 240 | N/A | 0% |
| Canada | N/A | N/A | 16.3 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 340 | 526 | 711 | 18.9 | -61.8% |
Top Suppliers of Vehicles; Mobile Drilling Derricks to the Philippines in 2022:
- Japan (1.0 units)
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