Philippines: Ball Market 2024

Ball Market Size in the Philippines

The Philippine ball market skyrocketed to $X in 2022, rising by 392% against the previous year. Over the period under review, consumption saw a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ball Production in the Philippines

In value terms, ball production fell to $X in 2022 estimated in export price. Overall, production, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ball Exports

Exports from the Philippines

Ball exports from the Philippines contracted to X units in 2022, waning by -14.8% against the previous year. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 51% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ball exports soared to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for ball exports from the Philippines, accounting for a 29% share of total exports. Moreover, ball exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Germany (X units), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands amounted to -9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-15.6% per year) and Germany (-2.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for balls exports from the Philippines, comprising 33% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Germany, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands amounted to +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-4.1% per year) and Germany (+8.6% per year).

Export Prices by Country

In 2022, the average ball export price amounted to $X per unit, with an increase of 44% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +10.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the average export price increased by 64% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+16.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Imports

Imports into the Philippines

After two years of decline, purchases abroad of balls increased by 242% to X units in 2022. Overall, imports enjoyed a resilient increase. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ball imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest ball supplier to the Philippines, with a 74% share of total imports. Moreover, ball imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), eightfold. Malaysia (X units) ranked third in terms of total imports with a 9% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.4% per year) and Malaysia (+43.3% per year).

In value terms, China ($X) constituted the largest supplier of balls to the Philippines, comprising 59% of total imports. The second position in the ranking was held by Thailand ($X), with an 18% share of total imports. It was followed by Malaysia, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.0% per year) and Malaysia (+41.6% per year).

Import Prices by Country

In 2022, the average ball import price amounted to $X per unit, declining by -18.9% against the previous year. In general, the import price saw a mild contraction. The pace of growth was the most pronounced in 2017 an increase of 26%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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