Philippines: Telephone Apparatus Market 2024

Telephone Apparatus Market Size in the Philippines

The Philippine telephone apparatus market was estimated at $X in 2022, therefore, remained relatively stable against the previous year. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -26.8% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Telephone Apparatus Production in the Philippines

In value terms, telephone apparatus production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of 224% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Telephone Apparatus Exports

Exports from the Philippines

In 2022, exports of telephone apparatus from the Philippines skyrocketed to X tons, with an increase of 33% compared with 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 345,717% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, telephone apparatus exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 879,126% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons) was the main destination for telephone apparatus exports from the Philippines, accounting for a 29% share of total exports. Moreover, telephone apparatus exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Hong Kong SAR (X tons) ranked third in terms of total exports with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +6.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+58.9% per year) and Hong Kong SAR (-17.8% per year).

In value terms, the United States ($X) remains the key foreign market for telephone apparatus exports from the Philippines, comprising 56% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 25% share of total exports. It was followed by China, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+73.7% per year) and China (-27.5% per year).

Export Prices by Country

In 2021, the average telephone apparatus export price amounted to $X per kg, jumping by 30% against the previous year. Overall, the export price, however, showed a sharp shrinkage. The pace of growth was the most pronounced in 2017 when the average export price increased by 154% against the previous year. The export price peaked at $X per kg in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to China ($X per kg) and Malaysia ($X per kg), while the average price for exports to Singapore ($X per kg) and India ($X per kg) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Telephone Apparatus Imports

Imports into the Philippines

In 2022, supplies from abroad of telephone apparatus was finally on the rise to reach X tons after two years of decline. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 59,492% against the previous year. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, telephone apparatus imports fell modestly to $X in 2022. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2017 with an increase of 220,514%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of telephone apparatus to the Philippines, accounting for a 99% share of total imports. Moreover, telephone apparatus imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), more than tenfold. The third position in this ranking was held by Singapore (X tons), with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +31.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-4.6% per year) and Singapore (+0.5% per year).

In value terms, China ($X) constituted the largest supplier of telephone apparatus to the Philippines, comprising 61% of total imports. The second position in the ranking was taken by Singapore ($X), with an 11% share of total imports. It was followed by Vietnam, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+4.2% per year) and Vietnam (+9.4% per year).

Import Prices by Country

In 2021, the average telephone apparatus import price amounted to $X per ton, with an increase of 58% against the previous year. In general, the import price continues to indicate a significant increase. The most prominent rate of growth was recorded in 2015 an increase of 450% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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