In 2021, the Philippine market for pulley tackle and hoists powered by an electric motor was finally on the rise to reach $X after two years of decline. Overall, consumption posted a resilient increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.
In 2021, the overseas shipment of electric pulley blocks and hoists decline by - X% to X units for the first time since 2018, thus ending the two-year upward trend. During the reporting period, exports continued to shrink significantly. The fastest growth rate is X% in 2020. In 2012, the export reached the peak of X sets; However, from 2013 to 2021, exports failed to recover momentum.
In terms of value, the export of pulley skids and hoists driven by electric motors soar to $X in 2021. Overall, however, exports grew slightly. The most significant growth rate occurred in 2020, when exports grew by X%. During the reporting period, China's exports reached a peak in 2021 and are expected to keep growing in the next few years.
Singapore (set X) is the main export destination of pulley blocks and hoists driven by Philippine motors, accounting for X% of the total export share. In addition, the export volume of pulley blocks and electric cranes to Singapore is more than 10 times that to Japan (X sets), the second largest destination.
From 2012 to 2021, the average annual growth rate of exports to Singapore is+X%.
In terms of value, Singapore (US $X) is still the main overseas market for pulley blocks and electric motor driven cranes exported by the Philippines, accounting for X% of the total exports. The second place is Japan (US $X), accounting for X% of total exports.
From 2012 to 2021, the average annual growth rate of value to Singapore remain at+X%.
In 2021, the overseas shipment of electric pulley blocks and hoists will decline by - X% to X units for the first time since 2018, thus ending the two-year upward trend. During the reporting period, exports continued to shrink significantly. The fastest growth rate is X% in 2020. In 2012, the export reached the peak of X sets; However, from 2013 to 2021, exports failed to recover momentum.
In terms of value, the export of pulley skids and hoists driven by electric motors will soar to $X in 2021. Overall, however, exports grew slightly. The most significant growth rate occurred in 2020, when exports grew by X%. During the reporting period, China's exports reached a peak in 2021 and are expected to keep growing in the next few years.
Singapore (set X) is the main export destination of pulley blocks and hoists driven by Philippine motors, accounting for X% of the total export share. In addition, the export volume of pulley blocks and electric cranes to Singapore is more than 10 times that to Japan (X sets), the second largest destination.
From 2012 to 2021, the average annual growth rate of exports to Singapore is+X%.
In terms of value, Singapore (US $X) is still the main overseas market for pulley blocks and electric motor driven cranes exported by the Philippines, accounting for X% of the total exports. The second place is Japan (US $X), accounting for X% of total exports.
From 2012 to 2021, the average annual growth rate of value to Singapore will remain at+X%.
In value terms, China, Germany and Japan constituted the largest pulley tackle and hoists powered by an electric motor suppliers to the Philippines, with a combined 72% share of total imports. Finland, Taiwan Chinese) and Italy lagged somewhat behind, together accounting for a further 17%.
In value terms, Singapore remains the key foreign market for pulley tackle and hoists powered by an electric motor exports from the Philippines, comprising 89% of total exports. The second position in the ranking was held by Japan, with an 11% share of total exports.
The average export price for pulley tackle and hoists powered by an electric motor stood at $1,606 per unit in 2021, growing by 450% against the previous year.
The average import price for pulley tackle and hoists powered by an electric motor stood at $565 per unit in 2021, declining by -30% against the previous year.
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