Philippines: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in the Philippines

The Philippine appliance part brush market surged to $X in 2022, increasing by 369% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw prominent growth. Appliance part brush consumption peaked in 2022 and is likely to see steady growth in years to come.

Appliance Part Brush Exports

Exports from the Philippines

In 2022, exports of brushes constituting parts of appliances from the Philippines shrank sharply to X units, with a decrease of -99.8% against 2021. Overall, exports showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 1,947% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, appliance part brush exports fell significantly to $X in 2022. In general, exports faced a sharp contraction. The pace of growth was the most pronounced in 2016 with an increase of 2,886% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Thailand (X units), Malaysia (X units) and the United States (X units) were the main destinations of appliance part brush exports from the Philippines.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +13.8%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for appliance part brush exported from the Philippines were Thailand ($X), Malaysia ($X) and the United States ($X).

Thailand, with a CAGR of +28.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average appliance part brush export price stood at $X per unit in 2022, with an increase of 16% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2016 an increase of 46%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Thailand ($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 the Czech Republic (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Appliance Part Brush Imports

Imports into the Philippines

In 2022, supplies from abroad of brushes constituting parts of appliances increased by 304% to X units, rising for the third consecutive year after three years of decline. Overall, imports showed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, appliance part brush imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of appliance part brush to the Philippines, accounting for a 81% share of total imports. Moreover, appliance part brush imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Singapore (X units) ranked third in terms of total imports with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.1% per year) and Singapore (+47.4% per year).

In value terms, China ($X) constituted the largest supplier of brushes constituting parts of appliances to the Philippines, comprising 81% of total imports. The second position in the ranking was held by Japan ($X), with a 5.6% share of total imports. It was followed by Singapore, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+22.0% per year) and Singapore (+54.5% per year).

Import Prices by Country

The average appliance part brush import price stood at $X per unit in 2022, rising by 5.6% against the previous year. Overall, the import price continues to indicate strong growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 83% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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