Philippines Autos Report Q1 2013

  • ID: 2384486
  • January 2013
  • Region: Philippines
  • 59 pages
  • Business Monitor International
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Two key themes that we expect to see in the Philippine autos market heading into 2013 are outperformance of the commercial vehicle segment over the passenger car sector (on the back of strong investment activity)
and continued strength of private consumption. As such, we are bullish on vehicle sales in the country,
forecasting growth of 10.1% year-on-year (y-o-y), to over 169,000 units, in 2013.

However, we are bearish on local production in Philippines and see very weak growth for 2013. In December 2012, US firm Ford Motor was preparing to close its vehicle assembly plant in the Philippines and consolidate its ASEAN production in Thailand and Malaysia. The plant, which opened in the mid-1990s, is the country's only exporter of new vehicles, shifting a total of 80,000 units to other ASEAN markets between 2002 and 2010.

A bigger risk to companies looking to increase production or imports to the Philippines lies in the proposed new industry policy, which aims to bring total vehicle output to 67,200 units by 2016. Although the policy in itself seeks to encourage investment in local production rather than imports, there remains considerable uncertainty regarding the READ MORE >

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BMI Industry View 7

BMI Industry View 7



Political 10

Economic 12

Business Environment 13

Industry Forecast 14

Industry Forecast 14
Table: Philippines Auto Industry - Sales, 2011-2017 14
Table: Philippines Auto Industry - Production, 2011-2017 16
Table: Philippines Auto Industry - Exports And Imports, 2011-2017 18
Table: Philippines Auto Industry - Economic Contribution, 2011-2017 18

Macroeconomic Forecasts 21

Economic Analysis 21

External Woes Too Pervasive To Ignore 21

Investment Sector Offers A Bright Spot 22

Long-Term Rebalancing In The Cards 22
Table: Philippines - Economic Activity 23
Table: Philippines - Current Account 23

Industry Risk Reward Ratings 25

Industry Risk Reward Ratings 25
Table: Business Environment Ratings - Autos Industry Asia Pacific 28

Competitive Landscape 30

Competitive Landscape 30

Passenger Cars 30
Table: Top 10 Carmakers In Philippines By Sales (Units), 2010-2011 31

Company News 32

Chinese Influx 33

Commercial Vehicles 34
Table: Philippines Commercial Vehicles - Production & Sales, 2011-2017 34

Motorcycles 35

Company Profile 36

Company Monitor 36

Company Profile 38

Company Profile 40

Regional Overview 42

Regional Overview 42

Global Industry Overview 48

Global Industry Overview 48
Table: Passenger Car Sales 8M12 48

Incentive Boom For Japan, US Powers On 48

UK Leads As Germany Falters 50

Russia And Brazil Go From Strength To Strength 52

Demographic Forecast 54

Philippines Demographic Outlook 54
Table: Philippines' Population By Age Group, 1990-2020 ('000) 55
Table: Philippines' Population By Age Group, 1990-2020 (% of total) 56
Table: Philippines' Key Population Ratios, 1990-2020 57
Table: Philippines' Rural And Urban Population, 1990-2020 57

Methodology 58

How We Generate Our Industry Forecasts 58

Automobile Industry 59

Sources 59

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Company Profile
Consolidated Contractors Company

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