Philippines: Market for Non-Electronic Hydro-, Hygro-, Psychrometers 2025

Market Size for Non-Electronic Hydro-, Hygro-, Psychrometers in the Philippines

The Philippine non-electronic hydro- and hygrometers market surged to $X in 2021, picking up by 48% 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). Over the period under review, consumption enjoyed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Non-Electronic Hydro-, Hygro-, Psychrometers

Exports from the Philippines

In 2021, overseas shipments of non-electronic hydro-, hygro-, psychrometers increased by 4,569% to X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports posted a buoyant expansion. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers exports surged to $X in 2021. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main destinations of non-electronic hydro- and hygrometers exports from the Philippines, with a combined 97% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +105.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electronic hydro- and hygrometers exported from the Philippines were the United States ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 97% share of total exports.

Taiwan (Chinese), with a CAGR of +112.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-electronic hydro- and hygrometers export price amounted to $X per unit, growing by 43% against the previous year. Overall, the export price showed resilient growth. The pace of growth was the most pronounced in 2017 an increase of 1,131% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to the United States ($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 (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Hydro-, Hygro-, Psychrometers

Imports into the Philippines

In 2021, approx. X units of non-electronic hydro-, hygro-, psychrometers were imported into the Philippines; with an increase of 28% compared with the year before. Overall, imports showed a modest increase. The growth pace was the most rapid in 2014 when imports increased by 217%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, non-electronic hydro- and hygrometers imports soared to $X in 2021. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2014 when imports increased by 124%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Singapore (X units), China (X units) and Japan (X units) were the main suppliers of non-electronic hydro- and hygrometers imports to the Philippines, together accounting for 58% of total imports.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +38.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Singapore ($X) and the United States ($X) constituted the largest non-electronic hydro- and hygrometers suppliers to the Philippines, with a combined 44% share of total imports. China, Taiwan (Chinese), the UK and Thailand lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Thailand, with a CAGR of +44.6%, 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

In 2021, the average non-electronic hydro- and hygrometers import price amounted to $X per unit, with an increase of 40% against the previous year. Over the period under review, the import price showed a resilient expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 122%. The import price peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Thailand ($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) (+32.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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