Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Philippines - 2023
Contents:
- Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Philippines (CIF) - 2022
- Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Philippines
Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Philippines (CIF) - 2022
In 2022, the average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses amounted to $204 per unit, reducing by -28.7% against the previous year. Overall, the import price recorded a abrupt decline. The pace of growth was the most pronounced in 2014 when the average import price increased by 39% against the previous year. Over the period under review, average import prices reached the maximum at $537 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($2,498 per unit), while the price for South Korea ($105 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 (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Philippines
In 2022, the amount of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses imported into the Philippines skyrocketed to 6.2K units, picking up by 80% on 2021 figures. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses surged to $1.3M in 2022. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 537 | 354 | 695 | 898 | 18.7% |
| Italy | 102 | 18.4 | 1.0 | 141 | 11.4% |
| United States | 114 | 68.9 | 64.6 | 57.5 | -20.4% |
| Japan | 301 | 107 | 69.0 | 21.0 | -58.8% |
| United Kingdom | 60.4 | 28.5 | 24.6 | 13.3 | -39.6% |
| Others | 86.4 | 135 | 126 | 127 | 13.7% |
| Total | 1,201 | 711 | 980 | 1,259 | 1.6% |
Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to the Philippines in 2022:
- China (5.8K units)
- Italy (0.1K units)
- Japan (0.1K units)
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