Philippines: Signal Generator Market 2025

Signal Generator Market Size in the Philippines

In 2021, the Philippine signal generator market decreased by -20.6% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, continues to indicate a significant increase. Signal generator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Signal Generator Production in the Philippines

In value terms, signal generator production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 53%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Signal Generator Exports

Exports from the Philippines

In 2021, signal generator exports from the Philippines plummeted to X units, dropping by -88.2% compared with 2020 figures. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 31,723%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, signal generator exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 575%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for signal generator exports from the Philippines, accounting for a 75% share of total exports. Moreover, signal generator exports to the United States exceeded the volume sent to the second major destination, Guam (X units), more than tenfold. The third position in this ranking was held by Japan (X units), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +84.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guam (0.0% per year) and Japan (+20.5% per year).

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

Among the main countries of destination, the United States, with a CAGR of +61.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average signal generator export price amounted to $X per unit, picking up by 1,266% against the previous year. Overall, the export price, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2016 an increase of 4,680% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Guam ($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 Malaysia (+117.8%), while the prices for the other major destinations experienced mixed trend patterns.

Signal Generator Imports

Imports into the Philippines

In 2021, overseas purchases of signal generators decreased by -64.9% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 2,071%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, signal generator imports expanded notably to $X in 2021. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 365%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Norway (X units) constituted the largest supplier of signal generator to the Philippines, accounting for a 35% share of total imports. Moreover, signal generator imports from Norway exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The United States (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Norway stood at +94.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+75.9% per year) and the United States (+22.1% per year).

In value terms, the largest signal generator suppliers to the Philippines were the United States ($X), Malaysia ($X) and Singapore ($X), with a combined 74% share of total imports.

Malaysia, with a CAGR of +108.1%, 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 signal generator import price stood at $X per unit in 2021, with an increase of 217% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 an increase of 2,597%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+18.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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