Philippines: X-Ray Tube Market 2025

X-Ray Tube Market Size in the Philippines

The Philippine x-ray tube market expanded modestly to $X in 2021, with an increase of 2.1% against the previous year. In general, consumption, however, posted a prominent expansion. X-ray tube consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

X-Ray Tube Production in the Philippines

In value terms, x-ray tube production expanded significantly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

X-Ray Tube Exports

Exports from the Philippines

In 2021, overseas shipments of x-ray tubes were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, saw a abrupt decline. The pace of growth was the most pronounced in 2014 with an increase of 432% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, x-ray tube exports surged to $X in 2021. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 367% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X units) was the main destination for x-ray tube exports from the Philippines, accounting for a 75% share of total exports. Moreover, x-ray tube exports to Singapore exceeded the volume sent to the second major destination, Japan (X units), sixfold. The third position in this ranking was held by the United States (X units), with a 6.2% share.

From 2013 to 2021, the average annual growth rate of volume to Singapore totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+9.1% per year) and the United States (-28.7% per year).

In value terms, Singapore ($X) remains the key foreign market for x-ray tubes exports from the Philippines, comprising 72% of total exports. The second position in the ranking was held by Japan ($X), with an 11% share of total exports. It was followed by the United States, with a 9.2% share.

From 2013 to 2021, the average annual rate of growth in terms of value to Singapore totaled +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+0.3% per year) and the United States (-10.8% per year).

Export Prices by Country

The average x-ray tube export price stood at $X per unit in 2021, picking up by 1.7% against the previous year. Overall, the export price saw a significant expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 1,101% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per unit) and South Korea ($X per unit), while the average price for exports to Singapore ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+105.3%), while the prices for the other major destinations experienced more modest paces of growth.

X-Ray Tube Imports

Imports into the Philippines

X-ray tube imports into the Philippines declined modestly to X units in 2021, with a decrease of -1.6% against the year before. Overall, total imports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.9% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 116%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, x-ray tube imports stood at $X in 2021. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 118%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), Singapore (X units) and India (X units) were the main suppliers of x-ray tube imports to the Philippines, together comprising 55% of total imports. These countries were followed by the United States, Japan, China and Malaysia, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +141.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Singapore ($X) and India ($X) appeared to be the largest x-ray tube suppliers to the Philippines, with a combined 55% share of total imports. The United States, Japan, China and Malaysia lagged somewhat behind, together comprising a further 35%.

China, with a CAGR of +124.5%, saw the highest growth rate of 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

In 2021, the average x-ray tube import price amounted to $X per unit, surging by 8.1% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 60%. The import price peaked in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Japan ($X per unit), while the price for India ($X per unit) and Singapore ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+41.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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