Philippines: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in the Philippines

In 2022, the Philippine telephonic switching apparatus market decreased by -28% to $X, falling for the fourth consecutive year after seven years of growth. In general, consumption showed a abrupt descent. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Telephonic Switching Apparatus Production in the Philippines

In value terms, telephonic switching apparatus production declined to $X in 2022 estimated in export price. Over the period under review, production, however, saw a temperate increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 71% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Telephonic Switching Apparatus Exports

Exports from the Philippines

In 2022, approx. X units of telephonic or telegraphic switching apparatus were exported from the Philippines; rising by 39% compared with the previous year. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2019 when exports increased by 505%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, telephonic switching apparatus exports soared to $X in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2019 when exports increased by 540%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for telephonic switching apparatus exports from the Philippines, with a 35% share of total exports. Moreover, telephonic switching apparatus exports to the United States exceeded the volume sent to the second major destination, China (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total exports with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-3.3% per year) and Hong Kong SAR (+7.2% per year).

In value terms, the United States ($X) remains the key foreign market for telephonic or telegraphic switching apparatus exports from the Philippines, comprising 82% of total exports. The second position in the ranking was held by China ($X), with a 3.1% share of total exports. It was followed by Hong Kong SAR, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +22.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.7% per year) and Hong Kong SAR (+12.8% per year).

Export Prices by Country

In 2021, the average telephonic switching apparatus export price amounted to $X per unit, growing by 8.1% against the previous year. In general, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2018 when the average export price increased by 120%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Indonesia ($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 Japan (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Telephonic Switching Apparatus Imports

Imports into the Philippines

In 2022, overseas purchases of telephonic or telegraphic switching apparatus decreased by -29.9% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 422% against the previous year. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, telephonic switching apparatus imports fell remarkably to $X in 2022. Overall, imports, however, posted a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 77%. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of telephonic switching apparatus to the Philippines, accounting for a 25% share of total imports. Moreover, telephonic switching apparatus imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold. The third position in this ranking was held by Singapore (X units), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+1.4% per year) and Singapore (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of telephonic or telegraphic switching apparatus to the Philippines, comprising 59% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by Singapore, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+4.5% per year) and Singapore (+2.7% per year).

Import Prices by Country

In 2021, the average telephonic switching apparatus import price amounted to $X per unit, rising by 7.1% against the previous year. Overall, the import price posted significant growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 1,354%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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