Philippines: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in the Philippines

In 2021, the Philippine electronic lamp machine market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption enjoyed a modest expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Electronic Lamp Machine Production in the Philippines

In value terms, electronic lamp machine production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 10% against the previous year. Electronic lamp machine production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Electronic Lamp Machine Exports

Exports from the Philippines

In 2021, electronic lamp machine exports from the Philippines skyrocketed to X units, jumping by 157% on 2020 figures. Overall, exports showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 4,543%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electronic lamp machine exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units), the Netherlands (X units) and Malaysia (X units) were the main destinations of electronic lamp machine exports from the Philippines, with a combined 83% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +32.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) emerged as the key foreign market for electronic lamp machine exports from the Philippines, comprising 75% of total exports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total exports. It was followed by Canada, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belgium was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+32.0% per year) and Canada (+27.3% per year).

Export Prices by Country

The average electronic lamp machine export price stood at $X per unit in 2021, growing by 1,438% against the previous year. In general, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while the average price for exports to Palau ($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 Japan (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Lamp Machine Imports

Imports into the Philippines

After two years of decline, purchases abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs increased by 277% to X units in 2021. Over the period under review, imports showed modest growth. The pace of growth appeared the most rapid in 2018 with an increase of 632% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, electronic lamp machine imports skyrocketed to $X in 2021. Overall, imports enjoyed modest growth. The most prominent rate of growth was recorded in 2018 with an increase of 1,609% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Malaysia (X units) constituted the largest electronic lamp machine supplier to the Philippines, accounting for a 83% share of total imports. Moreover, electronic lamp machine imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), sixfold. The third position in this ranking was held by Japan (X units), with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia stood at +56.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+16.3% per year) and Japan (-34.6% per year).

In value terms, Malaysia ($X) constituted the largest supplier of electronic lamp machine to the Philippines, comprising 86% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Japan, with a 0.7% share.

From 2012 to 2021, the average annual growth rate of value from Malaysia amounted to +63.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+47.9% per year) and Japan (-36.9% per year).

Import Prices by Country

In 2021, the average electronic lamp machine import price amounted to $X per unit, rising by 8.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 309% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+27.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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