Philippines: Monitors And Projectors Market 2025

Monitors And Projectors Market Size in the Philippines

The Philippine monitors and projectors market rose rapidly to $X in 2022, increasing by 7.4% against the previous year. In general, the total consumption indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +56.6% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Monitors And Projectors Production in the Philippines

In value terms, monitors and projectors production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 43% against the previous year. Monitors and projectors production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Monitors And Projectors Exports

Exports from the Philippines

In 2022, shipments abroad of monitors and projectors decreased by -33% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports saw a sharp shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 233%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, monitors and projectors exports skyrocketed to $X in 2022. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 114% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for monitors and projectors exports from the Philippines, accounting for a 40% share of total exports. Moreover, monitors and projectors exports to Germany exceeded the volume sent to the second major destination, India (X units), fourfold. The third position in this ranking was taken by Australia (X units), with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-22.0% per year) and Australia (-18.8% per year).

In value terms, Germany ($X), India ($X) and the United Arab Emirates ($X) were the largest markets for monitors and projectors exported from the Philippines worldwide, with a combined 64% share of total exports.

Germany, with a CAGR of +44.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average monitors and projectors export price stood at $X per unit in 2022, with an increase of 80% against the previous year. Overall, the export price continues to indicate a prominent increase. The growth pace was the most rapid in 2019 when the average export price increased by 91% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Monitors And Projectors Imports

Imports into the Philippines

In 2022, supplies from abroad of monitors and projectors increased by 18% to X units, rising for the fifth year in a row after two years of decline. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 61%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, monitors and projectors imports expanded significantly to $X in 2022. Over the period under review, total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.4% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest monitors and projectors supplier to the Philippines, accounting for a 68% share of total imports. Moreover, monitors and projectors imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+14.6% per year) and Japan (+10.9% per year).

In value terms, China ($X), Singapore ($X) and Hong Kong SAR ($X) were the largest monitors and projectors suppliers to the Philippines, together comprising 74% of total imports. Taiwan (Chinese), South Korea and Japan lagged somewhat behind, together comprising a further 15%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +59.1%, saw the highest growth rate of 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

The average monitors and projectors import price stood at $X per unit in 2022, dropping by -7.9% against the previous year. In general, the import price continues to indicate a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :