Price for Drafting Tables and Machines; Whether or Not Automatic in the Philippines - 2023

Contents:

  1. Price for Drafting Tables and Machines; Whether or Not Automatic in the Philippines (CIF) - 2022
  2. Price for Drafting Tables and Machines; Whether or Not Automatic in the Philippines (FOB) - 2022
  3. Imports of Drafting Tables and Machines; Whether or Not Automatic in the Philippines
  4. Exports of Drafting Tables and Machines; Whether or Not Automatic in the Philippines

Price for Drafting Tables and Machines; Whether or Not Automatic in the Philippines (CIF) - 2022

In 2022, the average import price for drafting tables and machines; whether or not automatics amounted to $9.5 per unit, increasing by 4.2% against the previous year. In general, the import price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 122% against the previous year. As a result, import price attained the peak level of $27 per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($72 per unit), while the price for Hong Kong SAR ($3.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Drafting Tables and Machines; Whether or Not Automatic in the Philippines (FOB) - 2022

In 2022, the average export price for drafting tables and machines; whether or not automatics amounted to $56 per unit, almost unchanged from the previous year. In general, the export price recorded a slight slump. The growth pace was the most rapid in 2018 an increase of 70% against the previous year. Over the period under review, the average export prices attained the maximum at $73 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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

From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to -1.2% per year.

Imports of Drafting Tables and Machines; Whether or Not Automatic in the Philippines

In 2022, imports of drafting tables and machines; whether or not automatics into the Philippines skyrocketed to 70K units, rising by 291% against 2021 figures. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of drafting tables and machines; whether or not automatics soared to $661K in 2022. Overall, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Drafting Tables and Machines; Whether or Not Automatic in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam9.337.358.9213184.0%
China40.952.513.018364.8%
France65.845.638.817839.3%
Japan61.694.722.634.3-17.7%
Taiwan (Chinese)8.311.17.610.37.5%
United States24.211.55.18.0-30.9%
Hong Kong SAR1.73.09.28.067.6%
Germany5.61.42.25.70.6%
Others15.38.44.821.311.7%
Total23326516266141.6%

Top Suppliers of Drafting Tables and Machines; Whether or Not Automatic to the Philippines in 2022:

  1. Vietnam (33.3K units)
  2. China (17.2K units)
  3. France (13.6K units)
  4. Hong Kong SAR (2.2K units)
  5. Germany (1.4K units)
  6. Taiwan (Chinese) (0.8K units)
  7. United States (0.6K units)
  8. Japan (0.5K units)

Exports of Drafting Tables and Machines; Whether or Not Automatic in the Philippines

In 2022, overseas shipments of drafting tables and machines; whether or not automatics decreased by 0% to 1 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a dramatic descent. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of hit record highs at 151 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of drafting tables and machines; whether or not automatics stood at $56 in 2022. In general, exports continue to indicate a dramatic decline. The smallest decline of 99.9% was in 2020. The exports peaked at $11K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Drafting Tables and Machines; Whether or Not Automatic in the Philippines (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.8N/AN/A0.1-67.1%
Bolivia7.8N/AN/AN/A0%
Others0.3N/AN/AN/A0%
Total11.0N/AN/A0.1-79.1%

Top Export Markets for Drafting Tables and Machines; Whether or Not Automatic from the Philippines in 2022:

  1. United States (1.0 units)

Source: IndexBox Market Intelligence Platform

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