Philippines: Lcds And Plasmas Market 2025

Lcds And Plasmas Market Size in the Philippines

The Philippine LCDs and plasmas market contracted to $X in 2022, falling by -7.1% against the previous year. In general, consumption recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Lcds And Plasmas Production in the Philippines

In value terms, LCDs and plasmas production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by 30% against the previous year. Production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Lcds And Plasmas Exports

Exports from the Philippines

In 2022, the amount of flat panel video monitor, lcd or plasma exported from the Philippines soared to X units, increasing by 183% compared with 2021. In general, exports, however, saw a perceptible downturn. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, LCDs and plasmas exports skyrocketed to $X in 2022. Overall, exports, however, showed a perceptible curtailment. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for LCDs and plasmas exports from the Philippines, with a 41% share of total exports. Moreover, LCDs and plasmas exports to the United States exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was taken by Japan (X units), with a 13% share.

From 2017 to 2022, the average annual rate of growth in terms of volume to the United States stood at +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-31.4% per year) and Japan (-27.8% per year).

In value terms, the United States ($X) emerged as the key foreign market for flat panel video monitor, lcd or plasma exports from the Philippines, comprising 59% of total exports. The second position in the ranking was taken by Japan ($X), with a 9.9% share of total exports. It was followed by Brazil, with a 6% share.

From 2017 to 2022, the average annual rate of growth in terms of value to the United States amounted to +51.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-33.2% per year) and Brazil (+277.1% per year).

Export Prices by Country

The average LCDs and plasmas export price stood at $X per unit in 2022, with an increase of 2.1% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 115%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+55.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lcds And Plasmas Imports

Imports into the Philippines

In 2022, the amount of flat panel video monitor, lcd or plasma imported into the Philippines shrank significantly to X units, declining by -21.1% against the year before. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2018 when imports increased by 66% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, LCDs and plasmas imports declined to $X in 2022. In general, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of 50%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest LCDs and plasmas supplier to the Philippines, accounting for a 63% share of total imports. Moreover, LCDs and plasmas imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. Thailand (X units) ranked third in terms of total imports with an 8.1% share.

From 2017 to 2022, the average annual rate of growth in terms of volume from China totaled -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.8% per year) and Thailand (+55.8% per year).

In value terms, China ($X) constituted the largest supplier of flat panel video monitor, lcd or plasma to the Philippines, comprising 54% of total imports. The second position in the ranking was held by Indonesia ($X), with a 9.8% share of total imports. It was followed by Thailand, with a 7.9% share.

From 2017 to 2022, the average annual growth rate of value from China amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+694.3% per year) and Thailand (+72.4% per year).

Import Prices by Country

In 2022, the average LCDs and plasmas import price amounted to $X per unit, picking up by 13% against the previous year. Over the period from 2017 to 2022, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2019 an increase of 53% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+68.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :