Philippines: Test And Measurement Market 2025

Test And Measurement Market Size in the Philippines

After two years of growth, the Philippine test and measurement market decreased by -7.3% to $X in 2021. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.9% against 2018 indices. Test and measurement consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Test And Measurement Production in the Philippines

In value terms, test and measurement production reduced to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +50.7% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 39%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Test And Measurement Exports

Exports from the Philippines

In 2021, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 33% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2019 with an increase of 4,295%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, test and measurement exports skyrocketed to $X in 2021. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2015 when exports increased by 1,773% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

Exports by Country

South Korea (X units) was the main destination for test and measurement exports from the Philippines, with a 84% share of total exports. Moreover, test and measurement exports to South Korea exceeded the volume sent to the second major destination, Thailand (X units), sevenfold. The third position in this ranking was taken by Malaysia (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea amounted to +151.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+153.7% per year) and Malaysia (+89.5% per year).

In value terms, South Korea ($X) remains the key foreign market for instruments and apparatus for measuring or checking pressure of liquids or gasses exports from the Philippines, comprising 83% of total exports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total exports. It was followed by Malaysia, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to South Korea stood at +257.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+128.2% per year) and Malaysia (+44.0% per year).

Export Prices by Country

The average test and measurement export price stood at $X per unit in 2021, surging by 49% against the previous year. Over the period under review, the export price, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 78%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Singapore ($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 the Netherlands (+16.8%), while the prices for the other major destinations experienced a decline.

Test And Measurement Imports

Imports into the Philippines

In 2021, purchases abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by 9.3% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 156%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, test and measurement imports expanded slightly to $X in 2021. Overall, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2015 with an increase of 68% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest test and measurement supplier to the Philippines, accounting for a 52% share of total imports. Moreover, test and measurement imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was held by Singapore (X units), with a 7.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +26.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+10.3% per year) and Singapore (+6.9% per year).

In value terms, the largest test and measurement suppliers to the Philippines were Japan ($X), Singapore ($X) and China ($X), together comprising 55% of total imports.

China, with a CAGR of +22.1%, saw the highest growth rate of the value of imports, among 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 test and measurement import price amounted to $X per unit, reducing by -5.6% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 18%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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