Report Update Nov 1, 2024

Philippines - Ballasts for Discharge Lamps or Tubes - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in the Philippines

In 2021, the Philippine ballast for discharge lamp market increased by 261% to $X, rising for the second consecutive year after two years of decline. In general, consumption showed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Ballasts For Discharge Lamps Or Tubes in the Philippines

In value terms, ballast for discharge lamp production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of 7%. Ballast for discharge lamp production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from the Philippines

For the third consecutive year, the Philippines recorded decline in shipments abroad of ballasts for discharge lamps or tubes, which decreased by -24% to X units in 2021. Overall, exports continue to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 79% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp exports contracted dramatically to $X in 2021. In general, exports recorded a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 122%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for ballast for discharge lamp exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at -14.9%.

In value terms, Germany ($X) also remains the key foreign market for ballast for discharge lamp exports from the Philippines.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -14.2%.

Export Prices by Country

In 2021, the average ballast for discharge lamp export price amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 49% against the previous year. The export price peaked at $X per unit in 2020, and then reduced slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +0.9% per year.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into the Philippines

In 2021, purchases abroad of ballasts for discharge lamps or tubes increased by 8,451% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ballast for discharge lamp imports surged to $X in 2021. Over the period under review, imports continue to indicate significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), the United States (X units) and Japan (X units) were the main suppliers of ballast for discharge lamp imports to the Philippines, with a combined 62% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +100.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and Japan ($X) were the largest ballast for discharge lamp suppliers to the Philippines, with a combined 62% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +108.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average ballast for discharge lamp import price amounted to $X per unit, rising by 13% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ballast for discharge lamp import price increased by +79.8% against 2015 indices. The growth pace was the most rapid in 2019 when the average import price increased by 39%. The import price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for Singapore ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ballasts for discharge lamps or tubes in the world?

The country with the largest volume of ballast for discharge lamp consumption was Hungary, comprising approx. 39% of total volume. Moreover, ballast for discharge lamp consumption in Hungary exceeded the figures recorded by the second-largest consumer, China, threefold. Poland ranked third in terms of total consumption with an 11% share.

What are the largest producers of ballasts for discharge lamps or tubes in the world?

The countries with the highest volumes of in 2021 were Hungary, China and the United States, with a combined 75% share of global production.

What are the leading suppliers of ballasts for discharge lamps or tubes to the Philippines?

In value terms, the largest ballast for discharge lamp suppliers to the Philippines were Taiwan Chinese), the United States and Japan, together accounting for 61% of total imports.

What are the leading importers of ballasts for discharge lamps or tubes from the Philippines?

In value terms, France and Australia $873) appeared to be the largest markets for ballast for discharge lamp exported from the Philippines worldwide.

What is the average export price for ballasts for discharge lamps or tubes in the Philippines?

In 2021, the average ballast for discharge lamp export price amounted to $18 per unit, picking up by 50% against the previous year.

What is the average import price for ballasts for discharge lamps or tubes in the Philippines?

In 2021, the average ballast for discharge lamp import price amounted to $5.9 per unit, jumping by 47% against the previous year.

This report provides an in-depth analysis of the market for ballast for discharge lamp in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27115013 - Inductors for discharge lamps or tubes
Prodcom 27115015 - Ballasts for discharge lamps or tubes (excluding inductors)

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023