Philippines: Mounted Piezo-Electric Crystals Market 2025

Mounted Piezo-Electric Crystals Market Size in the Philippines

The Philippine mounted piezo-electric crystals market rose markedly to $X in 2021, growing by 9.3% against the previous year. Overall, consumption, however, enjoyed resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Mounted Piezo-Electric Crystals Production in the Philippines

In value terms, mounted piezo-electric crystals production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +27.0% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the production volume increased by 23%. As a result, production attained the peak level of $X, and then reduced in the following year.

Mounted Piezo-Electric Crystals Exports

Exports from the Philippines

In 2021, the amount of mounted piezo-electric crystals exported from the Philippines reduced remarkably to X units, waning by -65.5% against 2020 figures. In general, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2013 when exports increased by 84%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, mounted piezo-electric crystals exports shrank significantly to $X in 2021. Overall, exports saw a sharp contraction. The most prominent rate of growth was recorded in 2016 when exports increased by 123%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Brazil (X units) was the main destination for mounted piezo-electric crystals exports from the Philippines, with a 54% share of total exports. Moreover, mounted piezo-electric crystals exports to Brazil exceeded the volume sent to the second major destination, China (X units), twofold. The third position in this ranking was taken by the United States (X units), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil stood at -20.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-39.9% per year) and the United States (-25.3% per year).

In value terms, Brazil ($X) remains the key foreign market for mounted piezo-electric crystals exports from the Philippines, comprising 62% of total exports. The second position in the ranking was taken by the United States ($X), with a 14% share of total exports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.2% per year) and China (-38.1% per year).

Export Prices by Country

The average mounted piezo-electric crystals export price stood at $X per unit in 2021, surging by 47% against the previous year. In general, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 197% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Hong Kong SAR (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Mounted Piezo-Electric Crystals Imports

Imports into the Philippines

In 2021, approx. X units of mounted piezo-electric crystals were imported into the Philippines; which is down by -30.1% against the previous year's figure. Overall, imports, however, posted a resilient increase. The growth pace was the most rapid in 2019 when imports increased by 124%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, mounted piezo-electric crystals imports surged to $X in 2021. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 308%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X units), the United States (X units) and Hong Kong SAR (X units) were the main suppliers of mounted piezo-electric crystals imports to the Philippines, together accounting for 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +83.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), the United States ($X) and Hong Kong SAR ($X) appeared to be the largest mounted piezo-electric crystals suppliers to the Philippines, with a combined 84% share of total imports.

The United States, with a CAGR of +104.3%, recorded 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 more modest paces of growth.

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per unit in 2021, jumping by 78% against the previous year. Overall, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 84% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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