Philippines: Bicycle Lighting Market 2025

Bicycle Lighting Market Size in the Philippines

The Philippine bicycle lighting market shrank remarkably to $X in 2021, which is down by -39.9% against the previous year. Overall, consumption showed a perceptible downturn. Bicycle lighting consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Bicycle Lighting Production in the Philippines

In value terms, bicycle lighting production fell slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Bicycle Lighting Exports

Exports from the Philippines

In 2021, the amount of electrical or battery operated lighting or visual signalling for bicycles exported from the Philippines rose remarkably to X units, growing by 12% on the previous year's figure. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2019 when exports increased by 1,134% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bicycle lighting exports dropped dramatically to $X in 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2019 when exports increased by 746%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X units), the United States (X units) and Poland (X units) were the main destinations of bicycle lighting exports from the Philippines, with a combined 79% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +3,906.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from the Philippines, comprising 46% of total exports. The second position in the ranking was taken by Canada ($X), with a 20% share of total exports. It was followed by Poland, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +35.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+233.3% per year) and Poland (+3,704.7% per year).

Export Prices by Country

The average bicycle lighting export price stood at $X per unit in 2021, falling by -32.3% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2016 an increase of 22%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, 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 ($X per unit), while the average price for exports to Poland ($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 Bahrain (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Lighting Imports

Imports into the Philippines

After two years of growth, purchases abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by -45.1% to X units in 2021. Overall, imports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 435%. Imports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, bicycle lighting imports fell notably to $X in 2021. Over the period under review, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 403%. Imports peaked at $X in 2020, and then contracted significantly in the following year.

Imports by Country

In 2021, China (X units) constituted the largest bicycle lighting supplier to the Philippines, with a 69% share of total imports. Moreover, bicycle lighting imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. The third position in this ranking was held by Japan (X units), with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+53.8% per year) and Japan (+31.6% per year).

In value terms, China ($X) constituted the largest supplier of electrical or battery operated lighting or visual signalling for bicycles to the Philippines, comprising 71% of total imports. The second position in the ranking was taken by Thailand ($X), with a 12% share of total imports. It was followed by Japan, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +29.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+53.3% per year) and Japan (+40.6% per year).

Import Prices by Country

In 2021, the average bicycle lighting import price amounted to $X per unit, growing by 23% against the previous year. Over the period under review, the import price showed a measured increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 72%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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