Philippines: Market for Vacuum Cleaners With Motor 2025

Market Size for Vacuum Cleaners With Motor in the Philippines

The Philippine vacuum cleaner with motor market shrank slightly to $X in 2021, therefore, remained relatively stable against the previous year. In general, consumption recorded a mild decline. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Production of Vacuum Cleaners With Motor in the Philippines

In value terms, vacuum cleaner with motor production shrank modestly to $X in 2021 estimated in export price. In general, production recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2015 when the production volume increased by 53% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Vacuum Cleaners With Motor

Exports from the Philippines

In 2021, approx. X kg of vacuum cleaners with motor were exported from the Philippines; with a decrease of -83.1% on 2020. Over the period under review, exports, however, posted a remarkable increase. The growth pace was the most rapid in 2019 when exports increased by 458,494% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, vacuum cleaner with motor exports reduced remarkably to $X in 2021. Overall, exports, however, posted tangible growth. The most prominent rate of growth was recorded in 2019 when exports increased by 257,146%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Singapore (X kg) was the main destination for vacuum cleaner with motor exports from the Philippines, with a 62% share of total exports. Moreover, vacuum cleaner with motor exports to Singapore exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore amounted to -42.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-78.5% per year) and Indonesia (0.0% per year).

In value terms, Singapore ($X) emerged as the key foreign market for vacuum cleaners with motor exports from the Philippines, comprising 34% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Singapore totaled -46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-19.0% per year) and the United States (-88.2% per year).

Export Prices by Country

The average vacuum cleaner with motor export price stood at $X per ton in 2021, dropping by -7.4% against the previous year. In general, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by 79% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-6.6%), while the prices for the other major destinations experienced a decline.

Imports of Vacuum Cleaners With Motor

Imports into the Philippines

In 2021, approx. X tons of vacuum cleaners with motor were imported into the Philippines; rising by 64% compared with the previous year's figure. Over the period under review, total imports indicated resilient growth from 2017 to 2021: its volume increased at an average annual rate of +8.7% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, vacuum cleaner with motor imports soared to $X in 2021. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of vacuum cleaner with motor to the Philippines, accounting for a 83% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 3.2% share.

From 2017 to 2021, the average annual growth rate of volume from China stood at +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-7.2% per year) and Malaysia (-10.1% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaners with motor to the Philippines, comprising 77% of total imports. The second position in the ranking was held by Malaysia ($X), with a 5.9% share of total imports. It was followed by Singapore, with a 4.9% share.

From 2017 to 2021, the average annual growth rate of value from China amounted to +25.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+13.3% per year) and Singapore (+7.2% per year).

Import Prices by Country

The average vacuum cleaner with motor import price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the last four-year period, it increased at an average annual rate of +10.4%. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2017 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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