Philippines - Conveyor Or Transmission Belts Or Belting - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Conveyor or Transmission Belt in the Philippines - 2023
Contents:
- Price for Conveyor or Transmission Belt in the Philippines (CIF) - 2023
- Price for Conveyor or Transmission Belt in the Philippines (FOB) - 2022
- Imports of Conveyor or Transmission Belt in the Philippines
- Exports of Conveyor or Transmission Belt in the Philippines
Price for Conveyor or Transmission Belt in the Philippines (CIF) - 2023
The average conveyor or transmission belt import price stood at $6,182 per ton in June 2023, with a decrease of -17.3% against the previous month. In general, the import price showed a mild contraction. The pace of growth was the most pronounced in February 2023 an increase of 32% m-o-m. The import price peaked at $10,191 per ton in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Thailand ($20,093 per ton), while the price for Taiwan (Chinese) ($1,432 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+2.9%), while the prices for the other major suppliers experienced a decline.
Price for Conveyor or Transmission Belt in the Philippines (FOB) - 2022
The average conveyor or transmission belt export price stood at $6,431 per ton in 2022, dropping by -24.2% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the average export price increased by 68% against the previous year. The export price peaked at $8,478 per ton in 2021, and then contracted significantly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($7,623 per ton), while the average price for exports to Papua New Guinea ($2,903 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 China (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Conveyor or Transmission Belt in the Philippines
In 2022, approx. 5.2K tons of conveyor or transmission belts or belting were imported into the Philippines; waning by -8.5% on 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, imports reached the peak of 5.7K tons, and then shrank in the following year.
In value terms, conveyor or transmission belt imports rose to $43M in 2022. The total import value increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Conveyor or Transmission Belt in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.9 | 6.7 | 11.4 | 10.8 | 11.0% |
| Japan | 9.7 | 8.1 | 10.8 | 10.3 | 2.0% |
| Thailand | 2.1 | 1.8 | 3.8 | 3.6 | 19.7% |
| Germany | 4.2 | 4.9 | 1.7 | 3.4 | -6.8% |
| Hong Kong SAR | 1.1 | 1.2 | 3.2 | 3.1 | 41.3% |
| Singapore | 2.5 | 2.0 | 1.8 | 2.0 | -7.2% |
| Indonesia | 0.8 | 0.6 | 1.6 | 1.6 | 26.0% |
| India | 1.5 | 1.2 | 1.6 | 1.5 | 0.0% |
| Taiwan (Chinese) | 0.9 | 0.6 | 0.5 | 0.6 | -12.6% |
| Others | 5.8 | 4.9 | 5.4 | 5.7 | -0.6% |
| Total | 36.4 | 32.0 | 41.7 | 42.5 | 5.3% |
Top Suppliers of Conveyor or Transmission Belt to the Philippines in 2022:
- China (3125.2 tons)
- Japan (656.0 tons)
- Germany (371.4 tons)
- Thailand (248.4 tons)
- Indonesia (124.1 tons)
- India (122.2 tons)
- Hong Kong SAR (110.5 tons)
- Singapore (99.0 tons)
- Taiwan (Chinese) (87.9 tons)
Exports of Conveyor or Transmission Belt in the Philippines
In 2022, the amount of conveyor or transmission belts or belting exported from the Philippines dropped dramatically to 89 tons, which is down by -62.6% on 2021. Over the period under review, exports showed a sharp setback. The growth pace was the most rapid in 2021 when exports increased by 19% against the previous year.
In value terms, conveyor or transmission belt exports shrank significantly to $575K in 2022. Overall, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $2M, and then dropped rapidly in the following year.
| Export of Conveyor or Transmission Belt in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 465 | 1,338 | 1,386 | 412 | -4.0% |
| United States | 601 | 133 | 398 | 118 | -41.9% |
| Singapore | 97.8 | 38.6 | 12.4 | 14.6 | -47.0% |
| Hong Kong SAR | 23.1 | 15.6 | 30.1 | 9.0 | -27.0% |
| Papua New Guinea | 22.1 | 29.3 | 18.8 | 6.8 | -32.5% |
| Solomon Islands | N/A | 28.5 | N/A | N/A | 0% |
| Turkey | 303 | N/A | N/A | N/A | 0% |
| Others | 85.1 | 47.8 | 181 | 13.9 | -45.3% |
| Total | 1,598 | 1,631 | 2,026 | 575 | -28.9% |
Top Export Markets for Conveyor or Transmission Belt from the Philippines in 2022:
- China (54.1 tons)
- United States (23.8 tons)
- Singapore (5.0 tons)
- Hong Kong SAR (2.8 tons)
- Papua New Guinea (2.4 tons)
This report provides an in-depth analysis of the market for conveyor or transmission belt 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 22194030 - Rubber transmission belts of trapezoidal and/or striped configuration (including V-belts)
- Prodcom 22194050 - Rubber conveyor belts
- Prodcom 22194070 - Rubber synchronous belts
- Prodcom 22194090 - Rubber transmission belts (excluding V-belts and V-belting, t rapezoidal and/or striped configuration, conveyor belt, s ynchronous belt)
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
-
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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