Philippines: Semiconductor Device Market 2025

Semiconductor Device Market Size in the Philippines

In 2021, the Philippine semiconductor device market increased by 56% to $X, rising for the third consecutive year after three years of decline. In general, consumption continues to indicate a significant increase. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Semiconductor Device Exports

Exports from the Philippines

For the fourth year in a row, the Philippines recorded decline in overseas shipments of semiconductor devices, which decreased by -8.4% to X units in 2021. Overall, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 12%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, semiconductor device exports reduced modestly to $X in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units), Japan (X units) and Singapore (X units) were the main destinations of semiconductor device exports from the Philippines, with a combined 80% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of -2.7%), while shipments for the other leaders experienced a decline.

In value terms, Hong Kong SAR ($X) remains the key foreign market for semiconductor devices exports from the Philippines, comprising 53% of total exports. The second position in the ranking was taken by Germany ($X), with an 11% share of total exports. It was followed by China, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to -4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+3.2% per year) and China (-9.3% per year).

Export Prices by Country

In 2021, the average semiconductor device export price amounted to $X per unit, increasing by 6.6% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, semiconductor device export price increased by +77.2% against 2013 indices. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Japan ($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 Taiwan (Chinese) (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Semiconductor Device Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded growth in purchases abroad of semiconductor devices, which increased by 47% to X units in 2021. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2019 when imports increased by 318% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, semiconductor device imports contracted slightly to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 267%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and the Czech Republic (X units) were the main suppliers of semiconductor device imports to the Philippines, with a combined 71% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +139.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest semiconductor device suppliers to the Philippines were Taiwan (Chinese) ($X), Japan ($X) and China ($X), with a combined 60% share of total imports. Singapore, Hong Kong SAR, the Czech Republic, Malaysia and Germany lagged somewhat behind, together accounting for a further 19%.

The Czech Republic, with a CAGR of +93.0%, 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

The average semiconductor device import price stood at $X per unit in 2021, shrinking by -33% against the previous year. In general, the import price continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 42%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-8.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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