Philippines - Wiring Sets Used In Vehicles, Aircraft Or Ships - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines - 2023
Contents:
- Price for Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines (FOB) - 2023
- Price for Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines (CIF) - 2023
- Exports of Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines
- Imports of Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines
Price for Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines (FOB) - 2023
The average export price for wiring sets used in vehicles, aircraft or ships stood at $18,012 per ton in September 2023, with a decrease of -2% against the previous month. Overall, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 25% month-to-month. The export price peaked at $19,947 per ton in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Canada ($23,583 per ton), while the average price for exports to South Korea ($12,643 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines (CIF) - 2023
In September 2023, the average import price for wiring sets used in vehicles, aircraft or ships amounted to $12,513 per ton, rising by 12% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 17% month-to-month. The import price peaked at $13,592 per ton in April 2023; however, from May 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($71,868 per ton), while the price for Indonesia ($9,536 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines
In 2022, approx. 125K tons of wiring sets used in vehicles, aircraft or ships were exported from the Philippines; surging by 7.6% on 2021. Over the period under review, exports, however, showed a slight setback. The pace of growth was the most pronounced in 2021 when exports increased by 11% against the previous year.
In value terms, exports of wiring sets used in vehicles, aircraft or ships expanded modestly to $2.4B in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,204 | 921 | 1,194 | 1,244 | 1.1% |
| United States | 604 | 414 | 587 | 623 | 1.0% |
| Canada | 214 | 155 | 154 | 192 | -3.6% |
| South Korea | 83.9 | 207 | 132 | 131 | 16.0% |
| China | 5.7 | 9.0 | 35.4 | 67.6 | 128.0% |
| Thailand | 156 | 105 | 125 | 44.0 | -34.4% |
| Others | 79.0 | 101 | 98.7 | 75.8 | -1.4% |
| Total | 2,347 | 1,912 | 2,327 | 2,378 | 0.4% |
Top Export Markets for Wiring Sets Used in Vehicles, Aircraft or Ships from the Philippines in 2022:
- Japan (68.1K tons)
- United States (29.3K tons)
- South Korea (9.7K tons)
- Canada (8.7K tons)
- China (3.5K tons)
- Thailand (2.5K tons)
Imports of Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines
For the fourth consecutive year, the Philippines recorded growth in supplies from abroad of wiring sets used in vehicles, aircraft or ships, which increased by 25% to 12K tons in 2022. In general, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +21.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $142M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Wiring Sets Used in Vehicles, Aircraft or Ships in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 33.7 | 34.1 | 51.7 | 57.8 | 19.7% |
| Japan | 7.8 | 7.5 | 10.3 | 17.4 | 30.7% |
| China | 3.0 | 3.0 | 7.0 | 17.1 | 78.6% |
| Thailand | 7.7 | 10.1 | 12.8 | 13.1 | 19.4% |
| United States | 6.3 | 4.0 | 5.4 | 12.8 | 26.7% |
| Vietnam | 1.8 | 7.1 | 9.0 | 9.7 | 75.3% |
| Hong Kong SAR | 12.8 | 7.6 | 5.5 | 5.4 | -25.0% |
| Others | 4.5 | 9.3 | 6.8 | 9.3 | 27.4% |
| Total | 77.5 | 82.7 | 108 | 142 | 22.4% |
Top Suppliers of Wiring Sets Used in Vehicles, Aircraft or Ships to the Philippines in 2022:
- South Korea (6.5K tons)
- Japan (1.7K tons)
- China (1.3K tons)
- Thailand (1.2K tons)
- Vietnam (0.7K tons)
- United States (0.3K tons)
- Hong Kong SAR (0.2K tons)
This report provides an in-depth analysis of the market for wiring sets used in vehicles, aircraft or ships 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 29311000 - Insulated ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships
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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
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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