Philippines: Silencer Market 2025

Silencer Market Size in the Philippines

In 2021, after nine years of growth, there was significant decline in the Philippine silencer market, when its value decreased by -25.5% to $X. Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption reached the peak level of $X, and then fell sharply in the following year.

Silencer Production in the Philippines

In value terms, silencer production plummeted to $X in 2021 estimated in export price. In general, production, however, saw a strong increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 107%. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Silencer Exports

Exports from the Philippines

In 2021, after two years of growth, there was decline in shipments abroad of silencers and exhaust pipes, when their volume decreased by -0.1% to X tons. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2017 when exports increased by 98%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, silencer exports surged to $X in 2021. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2019 when exports increased by 169%. 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 silencer exports from the Philippines, with a 68% share of total exports. Moreover, silencer exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+47.5% per year) and Taiwan (Chinese) (+1,267.9% per year).

In value terms, the United States ($X) remains the key foreign market for silencer exports from the Philippines, comprising 68% of total exports. The second position in the ranking was held by Japan ($X), with a 15% share of total exports. It was followed by Taiwan (Chinese), with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+55.4% per year) and Taiwan (Chinese) (+1,519.9% per year).

Export Prices by Country

In 2021, the average silencer export price amounted to $X per ton, jumping by 26% against the previous year. Overall, the export price posted a resilient increase. The growth pace was the most rapid in 2019 when the average export price increased by 73%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Thailand ($X per ton) and Indonesia ($X per ton), while the average price for exports to Japan ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into the Philippines

In 2021, supplies from abroad of silencers and exhaust pipes increased by 62% to X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 with an increase of 141%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, silencer imports surged to $X in 2021. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 201%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Thailand (X tons), Japan (X tons) and Indonesia (X tons) were the main suppliers of silencer imports to the Philippines, together accounting for 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +49.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Japan ($X) and Indonesia ($X) constituted the largest silencer suppliers to the Philippines, together comprising 84% of total imports.

In terms of the main suppliers, Indonesia, with a CAGR of +70.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average silencer import price amounted to $X per ton, with an increase of 30% against the previous year. Overall, the import price posted a significant increase. The most prominent rate of growth was recorded in 2013 an increase of 67% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per ton) and South Korea ($X per ton), while the price for Thailand ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+40.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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