Philippines: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2025

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in the Philippines

The Philippine market for electric burglar or fire alarms and similar apparatus surged to $X in 2021, with an increase of 105% 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). In general, consumption continues to indicate a resilient increase. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the near future.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from the Philippines

In 2021, the amount of electric burglar or fire alarms and similar apparatus exported from the Philippines skyrocketed to X units, jumping by 356% on the previous year. In general, exports saw a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric burglar or fire alarm exports skyrocketed to $X in 2021. Overall, exports enjoyed buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for electric burglar or fire alarm exports from the Philippines, with a 29% share of total exports. Moreover, electric burglar or fire alarm exports to Germany exceeded the volume sent to the second major destination, South Korea (X units), threefold. Norway (X units) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+3.4% per year) and Norway (+52.7% per year).

In value terms, Germany ($X) remains the key foreign market for electric burglar or fire alarms and similar apparatus exports from the Philippines, comprising 31% of total exports. The second position in the ranking was taken by Norway ($X), with a 13% share of total exports. It was followed by Switzerland, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +32.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+33.6% per year) and Switzerland (+68.3% per year).

Export Prices by Country

In 2021, the average export price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, reducing by -65.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 76%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into the Philippines

In 2021, approx. X units of electric burglar or fire alarms and similar apparatus were imported into the Philippines; increasing by 155% against the previous year. In general, imports saw significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 179% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, electric burglar or fire alarm imports soared to $X in 2021. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 111%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric burglar or fire alarm to the Philippines, accounting for a 36% share of total imports. Moreover, electric burglar or fire alarm imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sixfold. Singapore (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+17.1% per year) and Singapore (+45.3% per year).

In value terms, China ($X) constituted the largest supplier of electric burglar or fire alarms and similar apparatus to the Philippines, comprising 49% of total imports. The second position in the ranking was taken by Singapore ($X), with a 13% share of total imports. It was followed by the UK, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+27.2% per year) and the UK (+9.3% per year).

Import Prices by Country

In 2021, the average import price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, waning by -24.8% against the previous year. Over the period under review, the import price saw a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when the average import price increased by 14% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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