Price for Baby Carriages and Parts Thereof in the Philippines - 2023
Contents:
- Price for Baby Carriages and Parts Thereof in the Philippines (CIF) - 2022
- Price for Baby Carriages and Parts Thereof in the Philippines (FOB) - 2022
- Imports of Baby Carriages and Parts Thereof in the Philippines
- Exports of Baby Carriages and Parts Thereof in the Philippines
Price for Baby Carriages and Parts Thereof in the Philippines (CIF) - 2022
In 2022, the average import price for baby carriages and parts thereoves amounted to $91 per unit, increasing by 4.3% against the previous year. Overall, the import price posted a significant increase. The growth pace was the most rapid in 2018 an increase of 287%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($91 per unit), while the price for Hong Kong SAR ($91 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Baby Carriages and Parts Thereof in the Philippines (FOB) - 2022
The average export price for baby carriages and parts thereoves stood at $114 per unit in 2022, remaining stable against the previous year. Over the period under review, the export price, however, showed strong growth. The growth pace was the most rapid in 2015 when the average export price increased by 260%. The export price peaked at $160 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($114 per unit) and Canada ($114 per unit), while the average price for exports to the United States ($114 per unit) and Malaysia ($114 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+121.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Baby Carriages and Parts Thereof in the Philippines
In 2022, purchases abroad of baby carriages and parts thereoves was finally on the rise to reach 43K units after two years of decline. Over the period under review, imports, however, saw a abrupt decline. Imports peaked at 80K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, baby carriages and parts thereof imports skyrocketed to $3.9M in 2022. In general, imports, however, recorded a abrupt downturn. Imports peaked at $6.4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Baby Carriages and Parts Thereof in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.0 | 2.3 | 1.7 | 3.6 | -15.7% |
| Japan | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| United States | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Taiwan (Chinese) | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 6.4 | 2.7 | 2.0 | 3.9 | -15.2% |
Top Suppliers of Baby Carriages and Parts Thereof to the Philippines in 2022:
- China (39.8K units)
- Japan (1.4K units)
- United States (0.4K units)
Exports of Baby Carriages and Parts Thereof in the Philippines
In 2022, overseas shipments of baby carriages and parts thereoves decreased by -76.6% to 242 units, falling for the second consecutive year after two years of growth. In general, exports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 8,455%. As a result, the exports attained the peak of 14K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, baby carriages and parts thereof exports declined sharply to $28K in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 8,647%. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Baby Carriages and Parts Thereof in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.2 | 1,028 | 87.1 | 21.2 | 32.1% |
| Malaysia | N/A | N/A | N/A | 2.6 | 0% |
| Canada | 0.8 | 3.3 | 1.2 | 1.9 | 33.4% |
| United States | N/A | 6.0 | N/A | 1.5 | -50.0% |
| Thailand | N/A | 94.2 | 3.3 | N/A | -96.5% |
| China | N/A | 238 | N/A | N/A | 0% |
| Mexico | N/A | 18.4 | 23.2 | N/A | 26.1% |
| Others | 5.9 | 0.4 | 3.1 | 0.4 | -59.2% |
| Total | 15.9 | 1,388 | 118 | 27.5 | 20.0% |
Top Export Markets for Baby Carriages and Parts Thereof from the Philippines in 2022:
- Japan (186.0 units)
- Malaysia (23.0 units)
- Canada (16.0 units)
- United States (13.0 units)
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This report provides an in-depth analysis of the baby carriage market in the Philippines.
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This report provides an in-depth analysis of the global baby carriage market.
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This report provides an in-depth analysis of the baby carriage market in the Philippines.
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This report provides an in-depth analysis of the global baby carriage market.
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