Over 75% of imported loaders coming from China
The import and export market of loaders in the Philippines shows a clear import-oriented characteristic. In 2024, the Philippines imported over 3,600 loaders, which was more than 150 times the export quantity; the total import amount exceeded 62 million yuan, nearly 30 times that of the export amount. Overall, the import market of loaders in the country showed a fluctuating downward trend within the year. The import quantity and amount in the second half of the year performed worse than in the first half, with the peak quantities and prices respectively occurring in April and January, reaching nearly 400 units and over 10 million US dollars per month.
Asian manufacturers have emerged as leaders in the import market of loaders in the Philippines - Equipment originally from China, Japan and India ranked among the top three in terms of quantity and value. Over 90% of the imported loaders in the Philippine market come from these three countries, and the proportion of their value is also close to 90%. Among them, China is the largest source country for imported loaders in the Philippines, accounting for over 60% of the total import volume and over 70% of the quantity.
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The import amount showed a fluctuating downward trend throughout the year.
In terms of brands, XCMG, Lonking, and Komatsu ranked top three in the 2024 Philippine loader import market, accounting for nearly 20% of the total imports. From the perspective of amount, Komatsu, Caterpillar, and Shandong Lingong (SDLG) ranked top three, accounting for over 30% of the import amount. Overall, the Philippine loader import market has a relatively dispersed brand landscape, with not only top brands but also a large number of second and third-tier brands participating in the competition.
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Overall, the imported loaders in the Philippines are mainly medium and small-sized equipment. The main models include XCMG's LW500FN and ZL50GN, Liugong's CLG855H, and SANY's SW953K. Among the large equipment, the main model is SD300N from Develon.
The export scale of loaders is limited.
In 2024, the Philippines exported over 20 loaders to 5 countries, with a total export value exceeding 2 million US dollars. The export market size is extremely limited. By country, the Republic of Gabon was the largest destination for Philippine loaders, accounting for nearly 80% of the total value and over 60% of the quantity.
The monthly export volume is always in the single digits.
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Chinese brands lead the Philippine loader export market in 2024. Mingyu 's export volume and amount both rank first in the Philippine loader export market, accounting for nearly 70% and 80% of the total market size respectively; Caterpillar ranks second, while XCMG and Komatsu are tied for third place. The main export models are Mingyu's B28 backhoe loader, Komatsu's PC50 tracked loader, XCMG's LW500FN and Caterpillar's 980H wheeled loader.