Philippines: Insulating Fittings Market 2025

Insulating Fittings Market Size in the Philippines

The Philippine insulating fittings market soared to $X in 2021, surging by 16% 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, however, showed a noticeable decrease. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Insulating Fittings Exports

Exports from the Philippines

In 2021, shipments abroad of insulating fittings for electrical purposes increased by 57% to X tons, rising for the second consecutive year after two years of decline. Overall, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 91,998% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, insulating fittings exports contracted markedly to $X in 2021. In general, exports, however, recorded a abrupt downturn. The growth pace was the most rapid in 2017 when exports increased by 48,190% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Brazil (X tons), China (X tons) and Canada (X kg) were the main destinations of insulating fittings exports from the Philippines, with a combined 92% share of total exports. These countries were followed by Singapore, Indonesia and Japan, which together accounted for a further 6.6%.

From 2013 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +261.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for insulating fittings exported from the Philippines were China ($X), Brazil ($X) and Singapore ($X), together accounting for 75% of total exports.

In terms of the main countries of destination, Singapore, with a CAGR of +230.6%, 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

In 2021, the average insulating fittings export price amounted to $X per ton, waning by -54.7% against the previous year. Over the period under review, the export price faced a sharp shrinkage. The pace of growth appeared the most rapid in 2016 when the average export price increased by 224% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+88.6%), while the prices for the other major destinations experienced a decline.

Insulating Fittings Imports

Imports into the Philippines

Insulating fittings imports into the Philippines skyrocketed to X tons in 2021, picking up by 16% against 2020 figures. In general, imports, however, saw a slight setback. The pace of growth appeared the most rapid in 2014 with an increase of 25% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, insulating fittings imports soared to $X in 2021. Over the period under review, imports, however, saw a noticeable decline. The pace of growth was the most pronounced in 2016 when imports increased by 73%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Thailand (X tons), China (X tons) and Japan (X tons) were the main suppliers of insulating fittings imports to the Philippines, together accounting for 99% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +6.1%), while imports for the other leaders experienced a decline.

In value terms, the largest insulating fittings suppliers to the Philippines were Thailand ($X), China ($X) and Japan ($X), together accounting for 83% of total imports.

Among the main suppliers, China, with a CAGR of +10.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average insulating fittings import price amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 62% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat 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 Japan ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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