Philippines: Market for Vacuum Cleaners Without Motor 2025

Market Size for Vacuum Cleaners Without Motor in the Philippines

The Philippine vacuum cleaner without motor market reduced rapidly to $X in 2022, shrinking by -92% against the previous year. Over the period under review, consumption recorded a sharp contraction. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Vacuum Cleaners Without Motor in the Philippines

In value terms, vacuum cleaner without motor production fell remarkably to $X in 2022 estimated in export price. In general, production, however, saw a drastic downturn. The pace of growth was the most pronounced in 2019 with an increase of 184% against the previous year. Over the period under review, production hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports of Vacuum Cleaners Without Motor

Exports from the Philippines

In 2022, the amount of vacuum cleaners without motor exported from the Philippines soared to X units, growing by 1,549% against 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of 8,143% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, vacuum cleaner without motor 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 2019 with an increase of 22,932%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Japan (X units) was the main destination for vacuum cleaner without motor exports from the Philippines, accounting for a approx. 99% share of total exports.

From 2017 to 2022, the average annual growth rate of volume to Japan was relatively modest.

From 2017 to 2022, the average annual rate of growth in terms of value to Japan was relatively modest.

Export Prices by Country

In 2022, the average vacuum cleaner without motor export price amounted to $X per unit, with a decrease of -75.5% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average export price increased by 179% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then shrank sharply in the following year.

As there is only one major export destination, the average price level is determined by prices for Japan.

From 2017 to 2022, the rate of growth in terms of prices for Poland amounted to +41.2% per year.

Imports of Vacuum Cleaners Without Motor

Imports into the Philippines

In 2022, the amount of vacuum cleaners without motor imported into the Philippines declined sharply to X units, shrinking by -81.2% on 2021 figures. Over the period under review, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2018 when imports increased by 69%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, vacuum cleaner without motor imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 177%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and Singapore (X units) were the main suppliers of vacuum cleaner without motor imports to the Philippines, with a combined 78% share of total imports.

From 2017 to 2022, the biggest increases were recorded for China (with a CAGR of +139.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Germany ($X) were the largest vacuum cleaner without motor suppliers to the Philippines, together comprising 80% of total imports.

China, with a CAGR of +140.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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 vacuum cleaner without motor import price stood at $X per unit in 2022, growing by 702% against the previous year. In general, the import price posted a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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