Philippines: Metal Advertising Sign Market 2021

Metal Advertising Sign Market Size in the Philippines

The Philippine metal advertising sign market reduced remarkably to $X in 2020, shrinking by -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, however, saw a strong expansion. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Metal advertising sign consumption peaked at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Metal Advertising Sign Exports

Exports from the Philippines

In 2020, approx. X tons of metal advertising signs were exported from the Philippines; waning by -X% against the previous year. Over the period under review, exports saw a abrupt slump. The growth pace was the most rapid in 2018 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at X tons in 2012; however, from 2013 to 2020, exports failed to regain the momentum.

In value terms, metal advertising sign exports contracted sharply to $X in 2020. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. As a result, exports reached the peak of $X. From 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

Myanmar (X tons), Japan (X tons) and the United Arab Emirates (X tons) were the main destinations of metal advertising sign exports from the Philippines, together comprising X% of total exports.

From 2007 to 2020, the biggest increases were in Myanmar (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for metal advertising sign exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by Denmark ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Japan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+X% per year) and Belgium (+X% per year).

Export Prices by Country

In 2020, the average metal advertising sign export price amounted to $X per ton, shrinking by -X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. The export price peaked at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Denmark ($X per ton), while the average price for exports to Myanmar ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Brunei Darussalam, while the prices for the other major destinations experienced more modest paces of growth.

Metal Advertising Sign Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded decline in supplies from abroad of metal advertising signs, which decreased by -X% to X tons in 2020. Over the period under review, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

In value terms, metal advertising sign imports dropped sharply to $X in 2020. In general, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Indonesia (X tons), China (X tons) and South Korea (X tons) were the main suppliers of metal advertising sign imports to the Philippines, with a combined X% share of total imports. These countries were followed by India, Taiwan (Chinese), Hong Kong SAR and Singapore, which together accounted for a further X 2007 to 2020, the biggest increases were in India, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal advertising sign suppliers to the Philippines were Hong Kong SAR ($X), China ($X) and Indonesia ($X), with a combined X% share of total imports.

In terms of the main suppliers, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average metal advertising sign import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price saw a resilient expansion. The growth pace was the most rapid in 2014 an increase of X% y-o-y. Over the period under review, average import prices attained the peak figure in 2020 and is expected to retain growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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