Philippines: Market for Residential, Commercial and Industrial Lighting Fixture 2025

Market Size for Residential, Commercial and Industrial Lighting Fixture in the Philippines

The Philippine market for residential, commercial and industrial lighting fixture contracted to $X in 2021, stabilizing at the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Production of Residential, Commercial and Industrial Lighting Fixture in the Philippines

In value terms, production of residential, commercial and industrial lighting fixture contracted modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 43% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from the Philippines

In 2021, overseas shipments of residential, commercial and industrial lighting fixture were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2013 with an increase of 62%. Over the period under review, the exports of reached the maximum at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. In general, exports showed a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 60%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from the Philippines, accounting for a 83% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), more than tenfold. The third position in this ranking was held by Australia (X units), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-7.8% per year) and Australia (+1.6% per year).

In value terms, the United States ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from the Philippines, comprising 84% of total exports. The second position in the ranking was held by Australia ($X), with a 4% share of total exports. It was followed by the United Arab Emirates, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +17.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+25.4% per year) and the United Arab Emirates (-3.6% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, jumping by 16% against the previous year. In general, the export price showed a resilient increase. The most prominent rate of growth was recorded in 2019 an increase of 430% against the previous year. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United Arab Emirates ($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 Chile (+31.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into the Philippines

In 2021, after two years of decline, there was significant growth in supplies from abroad of residential, commercial and industrial lighting fixture, when their volume increased by 31% to X units. In general, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of 56% against the previous year. Over the period under review, imports of hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 42%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of residential, commercial and industrial lighting fixture to the Philippines, accounting for a 75% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+10.7% per year) and Germany (+23.1% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to the Philippines, comprising 75% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 16% share of total imports. It was followed by Germany, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+28.3% per year) and Germany (+11.1% per year).

Import Prices by Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $X per unit, picking up by 6.3% against the previous year. In general, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2019 an increase of 660% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Germany ($X per unit) and Hong Kong SAR ($X per unit), while the price for Japan ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+22.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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