Philippines: Market for Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels 2022

Market Size for Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels in the Philippines

The Philippine market for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses contracted significantly to $X in 2020, with a decrease of -X% 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 saw a mild decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. from 2017 to 2020, the growth of the market remained at a lower figure.

Exports of Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Exports from the Philippines

In 2020, after four years of growth, there was significant decline in overseas shipments of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses, when their volume decreased by -X% to X square meters. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, exports reached the peak figure at X square meters in 2011; however, from 2012 to 2020, exports remained at a lower figure.

In value terms, exports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses declined markedly to $X in 2020. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. Exports peaked at $X in 2011; however, from 2012 to 2020, exports remained at a lower figure.

Exports by Country

Vietnam (X square meters) was the main destination for exports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses from the Philippines, with a X% share of total exports. Moreover, exports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to Vietnam exceeded the volume sent to the second major destination, Turkey (X square meters), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume to Vietnam totaled -X%.

In value terms, Vietnam ($X) remains the key foreign market for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Vietnam amounted to -X%.

Export Prices by Country

The average export price for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, jumping by X% against the previous year. In general, the export price enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2015 an increase of X% y-o-y. As a result, export price reached the peak level of $X per square meter. from 2016 to 2020, the growth in terms of the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Vietnam ($X per square meter), while the average price for exports to Turkey stood at $X per square meter.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam.

Imports of Safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels

Imports into the Philippines

In 2020, approx. X square meters of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses were imported into the Philippines; declining by -X% compared with the previous year's figure. In general, imports showed a slight shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X square meters. from 2017 to 2020, the growth of imports remained at a lower figure.

In value terms, imports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses fell rapidly to $X in 2020. Over the period under review, imports recorded a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, imports attained the peak of $X. from 2017 to 2020, the growth of imports failed to regain the momentum.

Imports by Country

China (X square meters), Thailand (X square meters) and Indonesia (X square meters) were the main suppliers of imports of safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses to the Philippines, together comprising X% of total imports.

From 2007 to 2020, the biggest increases were in China, while purchases for the other leaders experienced a decline.

In value terms, Thailand ($X), China ($X) and Indonesia ($X) constituted the largest safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vessels suppliers to the Philippines, together accounting for X% of total imports.

China saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for safety glass, laminated, of size and shape suitable for incorporation in vehicles, aircraft, spacecraft or vesselses stood at $X per square meter in 2020, rising by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per square meter in 2009; however, from 2010 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Thailand ($X per square meter), while the price for Indonesia ($X per square meter) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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