Price for Non-Tanker Trailer and Semi-Trailers in the Philippines - 2023

Contents:

1. Price for Non-Tanker Trailer and Semi-Trailers in the Philippines (CIF) - 2022
2. Price for Non-Tanker Trailer and Semi-Trailers in the Philippines (FOB) - 2022
3. Imports of Non-Tanker Trailer and Semi-Trailers in the Philippines
4. Exports of Non-Tanker Trailer and Semi-Trailers in the Philippines

Price for Non-Tanker Trailer and Semi-Trailers in the Philippines (CIF) - 2022

In 2022, the average non-tanker trailer and semi-trailers import price amounted to $2,787 per unit, picking up by 99% against the previous year. Overall, the import price, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 103% against the previous year. The import price peaked at $10,112 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,589 per unit), while the price for Japan ($2,193 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Non-Tanker Trailer and Semi-Trailers in the Philippines (FOB) - 2022

In 2022, the average non-tanker trailer and semi-trailers export price amounted to $1,597 per unit, dropping by -61.2% against the previous year. Overall, the export price, however, posted significant growth. The most prominent rate of growth was recorded in 2015 an increase of 2,972%. Over the period under review, the average export prices attained the peak figure at $6,628 per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for New Zealand.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.1% per year.

Imports of Non-Tanker Trailer and Semi-Trailers in the Philippines

In 2022, purchases abroad of non-tanker trailers and semi-trailers decreased by -66.3% to 4.1K units for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 423% against the previous year. As a result, imports reached the peak of 12K units, and then dropped sharply in the following year.

In value terms, non-tanker trailer and semi-trailers imports shrank dramatically to $12M in 2022. Over the period under review, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 9.1%. Over the period under review, imports attained the maximum at $21M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Non-Tanker Trailer and Semi-Trailers to the Philippines in 2022:

1. Japan (1574.0 units)
2. China (701.0 units)
3. Hong Kong SAR (298.0 units)
4. South Korea (85.0 units)
5. United States (3.0 units)

Exports of Non-Tanker Trailer and Semi-Trailers in the Philippines

In 2022, exports of non-tanker trailers and semi-trailers from the Philippines declined dramatically to 12 units, reducing by -95.8% on the previous year's figure. Overall, exports showed a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 1,800% against the previous year. As a result, the exports reached the peak of 285 units, and then contracted sharply in the following year.

In value terms, non-tanker trailer and semi-trailers exports fell rapidly to $19K in 2022. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 1,080%. As a result, the exports reached the peak of $1.2M, and then declined markedly in the following year.

Top Export Markets for Non-Tanker Trailer and Semi-Trailers from the Philippines in 2022:

1. New Zealand (12.0 units)

Source: IndexBox Market Intelligence Platform