Philippines: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in the Philippines

In 2021, the Philippine respiration apparatus market increased by 8.7% to $X, rising for the third year in a row after two years of decline. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +86.4% against 2018 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Respiration Apparatus Production in the Philippines

In value terms, respiration apparatus production fell to $X in 2021 estimated in export price. Over the period under review, the total production indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +104.8% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 87%. Over the period under review, production reached the peak level at $X in 2020, and then shrank in the following year.

Respiration Apparatus Exports

Exports from the Philippines

In 2021, exports of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus from the Philippines shrank rapidly to X tons, with a decrease of -77.4% on the previous year's figure. Overall, exports saw a precipitous slump. The pace of growth appeared the most rapid in 2016 when exports increased by 1,189%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, respiration apparatus exports declined markedly to $X in 2021. In general, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 3,090%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons) was the main destination for respiration apparatus exports from the Philippines, accounting for a 66% share of total exports. Moreover, respiration apparatus exports to Japan exceeded the volume sent to the second major destination, the United States (X tons), threefold. Vietnam (X kg) ranked third in terms of total exports with a 6.5% share.

From 2012 to 2021, the average annual growth rate of volume to Japan totaled +75.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-42.3% per year) and Vietnam (0.0% per year).

In value terms, the largest markets for respiration apparatus exported from the Philippines were the United States ($X), Japan ($X) and Vietnam ($X), together accounting for 91% of total exports.

Japan, with a CAGR of +114.8%, recorded the highest growth rate of the value of exports, in terms of 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

The average respiration apparatus export price stood at $X per ton in 2021, with an increase of 169% against the previous year. In general, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Respiration Apparatus Imports

Imports into the Philippines

In 2021, approx. X tons of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus were imported into the Philippines; jumping by 61% on 2020. In general, imports enjoyed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, respiration apparatus imports skyrocketed to $X in 2021. Overall, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest respiration apparatus supplier to the Philippines, accounting for a 85% share of total imports. Moreover, respiration apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Argentina (X tons), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.7% per year) and Argentina (+41.9% per year).

In value terms, the largest respiration apparatus suppliers to the Philippines were Hong Kong SAR ($X), China ($X) and the United States ($X), together accounting for 74% of total imports.

Hong Kong SAR, with a CAGR of +74.9%, saw the highest growth rate of 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

In 2021, the average respiration apparatus import price amounted to $X per ton, surging by 9.1% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 40%. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Hong Kong SAR ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+63.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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