Philippines: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from the Philippines

In 2021, exports of machines for the manufacture of flat panel displays from the Philippines skyrocketed to X units, jumping by 50% against the previous year. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 100% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, panel display manufacturing machine exports contracted significantly to $X in 2021. Overall, exports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 445%. 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

Malaysia (X units) was the main destination for panel display manufacturing machine exports from the Philippines, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +56.5%.

In value terms, Malaysia ($X), South Korea ($X) and Singapore ($X) appeared to be the largest markets for panel display manufacturing machine exported from the Philippines worldwide, with a combined 99.9% share of total exports.

South Korea, with a CAGR of +8.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average panel display manufacturing machine export price amounted to $X per unit, shrinking by -47.2% against the previous year. In general, the export price recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2015 when the average export price increased by 32%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per unit), while the average price for exports to Malaysia ($X per unit) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+41.4%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into the Philippines

In 2021, overseas purchases of machines for the manufacture of flat panel displays decreased by -86% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a sharp decline. The most prominent rate of growth was recorded in 2019 with an increase of 123% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, panel display manufacturing machine imports skyrocketed to $X in 2021. Overall, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 111%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Malaysia (X units) constituted the largest panel display manufacturing machine supplier to the Philippines, with a 79% share of total imports. Moreover, panel display manufacturing machine imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 0.9% share.

From 2017 to 2021, the average annual growth rate of volume from Malaysia totaled -86.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.2% per year) and South Korea (-73.8% per year).

In value terms, China ($X) constituted the largest supplier of panel display manufacturing machine to the Philippines, comprising 75% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by Japan, with a 5.1% share.

From 2017 to 2021, the average annual growth rate of value from China amounted to +180.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.5% per year) and Japan (-21.0% per year).

Import Prices by Country

In 2021, the average panel display manufacturing machine import price amounted to $X per unit, with an increase of 1,087% against the previous year. In general, the import price showed a significant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+747.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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