After three years of growth, the Philippine crane market fell -X% to $X in 2020. During the period under review, however, there was a strong increase in consumption. In 2009, the growth rate was the fastest, and the market value increased by X% year-on-year. Crane consumption peaked at $X in 2019 before falling sharply the following year.
In 2020, approximately X cranes, mobile cranes were exported from the Philippines; an increase of X% over the previous year. During the period under review, exports showed steady growth. As a result, exports peaked and may continue to grow in the short term.
Crane exports surged to $X in 2020 by value. Overall, exports continued to show significant growth. In 2010, the growth rate was the fastest, with an increase of X% year-on-year. During the period under review, exports peaked at $X in 2014; however, from 2015 to 2020, exports failed to regain momentum.
China (unit X), Các Tiểu Vương Quốc Ả Rập Thống Nhất (unit X) and Hồng Kông SAR (unit X) were the main destinations for Philippine crane exports, together accounting for X% of total exports.
From 2007 to 2020, the largest increase was in Hong Kong SAR (+X% per annum), while the other leaders saw more modest growth in shipments.
In value terms, China ($X) emerged as the leading foreign market for Philippine crane exports, accounting for X% of total exports. In second place is Hong Kong Special Administrative Region ($X), which accounts for X% of total exports. It is followed by the United Arab Emirates with an X% share.
From 2007 to 2020, the average annual growth rate of value to China was relatively modest. Exports to other major destinations recorded the following average annual export growth rates: Hong Kong SAR (+X% per annum) and the United Arab Emirates (+X% per annum).
In 2020, overseas purchases of cranes, mobile cranes fell -X% to X units, the second consecutive year of decline after two years of growth. Overall, however, imports continued to grow significantly. The most significant growth rate occurred in 2009, when imports increased by X% year-on-year. Imports peaked at X units in 2018; however, from 2019 to 2020, imports decreased slightly.
In value terms, crane imports fell sharply to $X in 2020. But overall, imports have grown significantly. The growth rate was most pronounced in 2011, with a year-on-year increase of X%. During the period under review, imports peaked at $X in 2019, then declined rapidly the following year.
Nhật bản (X units), China (X units) and Đức (X units) are the main suppliers of Philippine crane imports, together accounting for X% of total imports. This is followed by Nước Ý, Ấn độ, Taiwan (China) and South Korea, which further increased their purchases by a factor of X from 2007 to 2020, with the largest increase being India (+X% per annum), while other leaders The purchase volume of people is more moderate growth rate.
By value, China ($X), Japan ($X) and Germany ($X) are the largest crane suppliers to the Philippines, together accounting for X% of total imports. This is followed by Italy, South Korea, India and Taiwan (China), which collectively account for X terms of major suppliers, with India having the highest growth in import value during the review period, while sourcing as other leaders experienced a more moderate increase. pace of growth.
China, Japan and Germany appear to be the largest crane suppliers to the Philippines by value, accounting for 82% of total imports. Italy, South Korea, India and Taiwan) were slightly behind, with a total of 9.3%.
In value terms, China emerged as the main foreign market for Philippine crane exports, accounting for 48% of total exports. In second place is the Hong Kong Special Administrative Region, which accounted for 24% of total exports. It is followed by the United Arab Emirates with an 11% share.
The average export price of cranes in 2020 was US$13,230/unit, down -77.3% from the previous year.
The average import price of cranes in 2020 was US$15,523 per unit, a year-on-year increase of 7.9%.
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