Philippines: Automotive Lighting Market 2025

Automotive Lighting Market Size in the Philippines

The Philippine automotive lighting market contracted to $X in 2021, falling by -2.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Automotive Lighting Production in the Philippines

In value terms, automotive lighting production declined modestly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 36% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Automotive Lighting Exports

Exports from the Philippines

In 2021, approx. X units of automotive lighting were exported from the Philippines; picking up by 144% against 2020. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 3,399%. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, automotive lighting exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 2,471%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Thailand (X units), Singapore (X units) and Japan (X units) were the main destinations of automotive lighting exports from the Philippines, together comprising 58% of total exports. The United States, South Africa, Pakistan, Malaysia, Mexico, Switzerland, Hungary, China and Germany lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +288.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Thailand ($X) and Japan ($X) were the largest markets for automotive lighting exported from the Philippines worldwide, together accounting for 61% of total exports. The United States, South Africa, Pakistan, Mexico, Switzerland, Hungary, Malaysia, Germany and China lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, Switzerland, with a CAGR of +264.6%, 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

The average automotive lighting export price stood at $X per unit in 2021, growing by 2.4% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, automotive lighting export price increased by +84.4% against 2014 indices. The most prominent rate of growth was recorded in 2017 an increase of 63%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to China ($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 Singapore (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.

Automotive Lighting Imports

Imports into the Philippines

After two years of decline, purchases abroad of automotive lighting increased by 5.2% to X units in 2021. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2018 when imports increased by 62% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, automotive lighting imports rose rapidly to $X in 2021. In general, imports enjoyed buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 64%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Thailand (X units) and Indonesia (X units) were the main suppliers of automotive lighting imports to the Philippines, with a combined 63% share of total imports. These countries were followed by Japan, Taiwan (Chinese), Malaysia, the United States, South Korea, Switzerland, India, Singapore and Australia, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +85.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Indonesia ($X) appeared to be the largest automotive lighting suppliers to the Philippines, with a combined 63% share of total imports. These countries were followed by Japan, Taiwan (Chinese), Malaysia, the United States, South Korea, Switzerland, India, Singapore and Australia, which together accounted for a further 31%.

Switzerland, with a CAGR of +93.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 automotive lighting import price amounted to $X per unit, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +5.1%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 14% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per unit) and Malaysia ($X per unit), while the price for Switzerland ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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