Price for Liquid Elevators; Parts Thereof in the Philippines - 2022
Contents:
- Price for Liquid Elevators; Parts Thereof in the Philippines (CIF) - 2022
- Imports of Liquid Elevators; Parts Thereof in the Philippines
Price for Liquid Elevators; Parts Thereof in the Philippines (CIF) - 2022
The average liquid elevators; parts thereof import price stood at $78,077 per ton in 2022, increasing by 435% against the previous year. Overall, the import price continues to indicate a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($513,135 per ton), while the price for Thailand ($5,994 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+34.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Liquid Elevators; Parts Thereof in the Philippines
In 2022, approx. 1.2 tons of liquid elevators; parts thereoves were imported into the Philippines; dropping by -98.1% compared with 2021 figures. Over the period under review, imports showed a precipitous contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 124% against the previous year. As a result, imports attained the peak of 60 tons, and then shrank sharply in the following year.
In value terms, liquid elevators; parts thereof imports reduced markedly to $91K in 2022. Overall, imports continue to indicate a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by 130%. As a result, imports reached the peak of $880K, and then declined notably in the following year.
| Import of Liquid Elevators; Parts Thereof in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.3 | 4.0 | 77.3 | 42.9 | 44.2% |
| Netherlands | 0.4 | 0.3 | 0.8 | 42.7 | 374.4% |
| Italy | 7.2 | 2.5 | 2.5 | 3.9 | -18.5% |
| China | 14.0 | 0.4 | 0.5 | 0.9 | -59.9% |
| Thailand | 0.2 | N/A | N/A | 0.5 | 35.7% |
| Singapore | 54.7 | 2.4 | 0.1 | 0.1 | -87.8% |
| Austria | 626 | 339 | 727 | N/A | 7.8% |
| Australia | 23.9 | 21.3 | 33.9 | N/A | 19.1% |
| Others | 27.4 | 11.9 | 38.2 | N/A | 18.1% |
| Total | 768 | 382 | 880 | 91.0 | -50.9% |
Top Suppliers of Liquid Elevators; Parts Thereof to the Philippines in 2022:
- Netherlands (701.0 kg)
- Italy (212.0 kg)
- Japan (84.0 kg)
- Thailand (78.0 kg)
- China (24.0 kg)
- Singapore (14.0 kg)
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