Philippines: Lamp Plastic Parts Market 2025

Lamp Plastic Parts Market Size in the Philippines

In 2021, after five years of decline, there was growth in the Philippine lamp plastic parts market, when its value increased by 2.1% to $X. In general, consumption, however, recorded a abrupt slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Lamp Plastic Parts Production in the Philippines

In value terms, lamp plastic parts production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2015 with an increase of 52%. Lamp plastic parts production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lamp Plastic Parts Exports

Exports from the Philippines

In 2021, exports of plastic parts for lamps and lighting fittings from the Philippines skyrocketed to X tons, with an increase of 535% compared with the year before. Overall, exports showed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 44,850%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, lamp plastic parts exports skyrocketed to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 10,864%. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X tons) was the main destination for lamp plastic parts exports from the Philippines, accounting for a approx. 99.9% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to the United States totaled +2,128.5%.

In value terms, the United States ($X) also remains the key foreign market for plastic parts for lamps and lighting fittings exports from the Philippines.

From 2013 to 2021, the average annual growth rate of value to the United States stood at +2,441.0%.

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2021, jumping by 20% against the previous year. Overall, the export price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 84% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2013 to 2021, the rate of growth in terms of prices for the United States amounted to +14.0% per year.

Lamp Plastic Parts Imports

Imports into the Philippines

For the third year in a row, the Philippines recorded decline in overseas purchases of plastic parts for lamps and lighting fittings, which decreased by -40.5% to X tons in 2021. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 151%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lamp plastic parts imports declined remarkably to $X in 2021. Overall, imports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 375%. Imports peaked at $X in 2020, and then fell significantly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest lamp plastic parts supplier to the Philippines, with a 80% share of total imports. Moreover, lamp plastic parts imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+85.1% per year) and Taiwan (Chinese) (-25.6% per year).

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to the Philippines, comprising 80% of total imports. The second position in the ranking was held by Singapore ($X), with a 6.3% share of total imports. It was followed by Taiwan (Chinese), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+91.1% per year) and Taiwan (Chinese) (-5.3% per year).

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, with an increase of 15% against the previous year. In general, the import price enjoyed a significant expansion. The growth pace was the most rapid in 2018 an increase of 89% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Hong Kong SAR ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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