Philippines: Market for Ceramic Wares For Laboratory Or Technical Uses 2024

Market Size for Ceramic Wares For Laboratory Or Technical Uses in the Philippines

For the fourth consecutive year, the Philippine market for ceramic wares for laboratory or technical uses recorded growth in sales value, which increased by 6.2% to $X in 2022. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Ceramic Wares For Laboratory Or Technical Uses in the Philippines

In value terms, production of ceramic wares for laboratory or technical uses reached $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild descent. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Ceramic Wares For Laboratory Or Technical Uses

Exports from the Philippines

In 2022, after two years of growth, there was significant decline in overseas shipments of ceramic wares for laboratory or technical uses, when their volume decreased by -32.1% to X tons. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 14,927% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, exports of ceramic wares for laboratory or technical uses dropped significantly to $X in 2022. Over the period under review, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 28,713% against the previous year. The exports peaked at $X in 2021, and then plummeted in the following year.

Exports by Country

Germany (X tons), Switzerland (X tons) and China (X kg) were the main destinations of exports of ceramic wares for laboratory or technical uses from the Philippines.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +259.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ceramic wares for laboratory or technical uses exported from the Philippines were Switzerland ($X), Germany ($X) and China ($X).

Among the main countries of destination, Germany, with a CAGR of +144.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for ceramic wares for laboratory or technical uses amounted to $X per ton, with an increase of 23% against the previous year. In general, the export price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 3,685%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+46.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ceramic Wares For Laboratory Or Technical Uses

Imports into the Philippines

For the fourth consecutive year, the Philippines recorded growth in supplies from abroad of ceramic wares for laboratory or technical uses, which increased by 40% to X tons in 2022. Overall, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 554% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of ceramic wares for laboratory or technical uses soared to $X in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2013 with an increase of 224%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) was the main ceramic wares for laboratory or technical uses supplier to the Philippines, accounting for a 96% share of total imports. It was followed by Japan (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +33.2%.

In value terms, Japan ($X) and China ($X) were the largest ceramic wares for laboratory or technical uses suppliers to the Philippines.

In terms of the main suppliers, Japan, with a CAGR of +26.5%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average import price for ceramic wares for laboratory or technical uses stood at $X per ton in 2022, waning by -3.5% against the previous year. Overall, the import price recorded a mild reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 99% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+13.4%).

Source: IndexBox Platform

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