Philippines: Particle Accelerator Market 2025

Particle Accelerator Market Size in the Philippines

The Philippine particle accelerator market surged to $X in 2021, picking up by 248% against the previous year. Over the period under review, consumption enjoyed a significant increase. Particle accelerator consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Particle Accelerator Production in the Philippines

In value terms, particle accelerator production reduced markedly to $X in 2021 estimated in export price. In general, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 56% against the previous year. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Particle Accelerator Exports

Exports from the Philippines

Particle accelerator exports from the Philippines contracted significantly to X units in 2021, waning by -40.7% against the year before. In general, exports recorded a dramatic decrease. The growth pace was the most rapid in 2016 with an increase of 1,787%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, particle accelerator exports rose remarkably to $X in 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 1,459%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for particle accelerator exports from the Philippines, with a 89% share of total exports. Moreover, particle accelerator exports to Singapore exceeded the volume sent to the second major destination, Canada (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume to Singapore stood at +38.0%.

In value terms, Singapore ($X) and Canada ($X) appeared to be the largest markets for particle accelerator exported from the Philippines worldwide.

Canada, with a CAGR of +80.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average particle accelerator export price amounted to $X per unit, picking up by 85% against the previous year. In general, the export price saw significant growth. The pace of growth was the most pronounced in 2020 an increase of 139%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per unit), while the average price for exports to Singapore amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+99.7%), while the prices for the other major destinations experienced more modest paces of growth.

Particle Accelerator Imports

Imports into the Philippines

In 2021, approx. X units of particle accelerators were imported into the Philippines; surging by 1,797% against the previous year's figure. Overall, imports, however, continue to indicate a abrupt descent. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, particle accelerator imports shrank significantly to $X in 2021. In general, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 652%. As a result, imports reached the peak of $X, and then fell rapidly in the following year.

Imports by Country

In 2021, Belgium (X units) was the main particle accelerator supplier to the Philippines, with a 96% share of total imports. Moreover, particle accelerator imports from Belgium exceeded the figures recorded by the second-largest supplier, the UK (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 0.4% share.

From 2017 to 2021, the average annual growth rate of volume from Belgium totaled +81.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-25.1% per year) and the United States (-59.4% per year).

In value terms, Belgium ($X) constituted the largest supplier of particle accelerator to the Philippines, comprising 92% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.6% share of total imports. It was followed by the UK, with a 2.2% share.

From 2017 to 2021, the average annual rate of growth in terms of value from Belgium stood at +225.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+68.6% per year) and the UK (+4.9% per year).

Import Prices by Country

In 2021, the average particle accelerator import price amounted to $X per unit, with a decrease of -96.8% against the previous year. Over the period under review, the import price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 an increase of 8,224% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+391.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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