Philippines: Market for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases 2025

Market Size for Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the Philippines

The Philippine market for non-electronic instruments for measuring or checking variables of liquids or gases shrank modestly to $X in 2021, falling by -4.9% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +24.6% against 2019 indices. As a result, consumption reached the peak level of $X, and then reduced slightly in the following year.

Production of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases in the Philippines

In value terms, non-electronic liquid or gas measurer production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% 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 +18.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

Exports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Exports from the Philippines

In 2021, non-electronic liquid or gas measurer exports from the Philippines surged to X units, increasing by 23% on the previous year's figure. Overall, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 6,700% against the previous year. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-electronic liquid or gas measurer exports surged to $X in 2021. In general, exports saw a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 139,699%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X units), the United Arab Emirates (X units) and Oman (X units) were the main destinations of non-electronic liquid or gas measurer exports from the Philippines, with a combined 81% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +783.2%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for non-electronic liquid or gas measurer exports from the Philippines, comprising 55% of total exports. The second position in the ranking was held by Singapore ($X), with a 7.5% share of total exports. It was followed by the United Arab Emirates, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Indonesia totaled +512.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+56.6% per year) and the United Arab Emirates (+181.4% per year).

Export Prices by Country

The average export price for non-electronic instruments for measuring or checking variables of liquids or gases stood at $X per unit in 2021, surging by 48% against the previous year. In general, the export price recorded modest growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 1,956%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Malaysia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Thailand (+51.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Electronic Instruments For Measuring Or Checking Variables Of Liquids Or Gases

Imports into the Philippines

In 2021, purchases abroad of non-electronic instruments for measuring or checking variables of liquids or gases increased by 150% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 232%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, non-electronic liquid or gas measurer imports soared to $X in 2021. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2015 with an increase of 114% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest non-electronic liquid or gas measurer supplier to the Philippines, accounting for a 50% share of total imports. Moreover, non-electronic liquid or gas measurer imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. India (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +123.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+41.5% per year) and India (+96.1% per year).

In value terms, China ($X), the United States ($X) and Taiwan (Chinese) ($X) were the largest non-electronic liquid or gas measurer suppliers to the Philippines, with a combined 47% share of total imports.

Among the main suppliers, China, with a CAGR of +40.7%, 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 2021, the average import price for non-electronic instruments for measuring or checking variables of liquids or gases amounted to $X per unit, reducing by -29.4% against the previous year. In general, the import price recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 42% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for India ($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) (-6.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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